Frank’s International N.V. (NYSE:FI) had its target price dropped by equities research analysts at Barclays PLC from $9.00 to $8.00 in a research note issued to investors on Tuesday. The firm presently has an “equal weight” rating on the pipeline company’s stock. Barclays PLC’s price objective indicates a potential upside of 13.31% from the company’s current price.

FI has been the subject of a number of other reports. BidaskClub upgraded shares of Frank’s International N.V. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Morgan Stanley lowered shares of Frank’s International N.V. from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $13.00 to $9.00 in a report on Wednesday, June 21st. Jefferies Group LLC reiterated a “hold” rating and set a $11.00 price target on shares of Frank’s International N.V. in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of Frank’s International N.V. from a “hold” rating to a “strong sell” rating in a report on Monday, May 1st. Finally, Seaport Global Securities lowered shares of Frank’s International N.V. from a “neutral” rating to a “sell” rating and lowered their price target for the company from $7.00 to $6.00 in a report on Wednesday, June 21st. Six analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.77.

Frank’s International N.V. (NYSE FI) traded down 3.16% during trading on Tuesday, hitting $7.06. 1,164,813 shares of the stock traded hands. The stock’s market cap is $1.57 billion. Frank’s International N.V. has a 12 month low of $7.00 and a 12 month high of $14.86. The company has a 50-day moving average price of $8.22 and a 200-day moving average price of $9.74.

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.02. The business had revenue of $117.70 million during the quarter, compared to the consensus estimate of $113.41 million. Frank’s International N.V. had a negative return on equity of 8.41% and a negative net margin of 36.25%. The company’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. Equities research analysts expect that Frank’s International N.V. will post ($0.40) EPS for the current year.

Frank’s International N.V. declared that its Board of Directors has initiated a share buyback plan on Thursday, May 25th that authorizes the company to buyback 1,000% of outstanding shares. This buyback authorization authorizes the pipeline company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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In other news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total value of $124,320.00. Following the sale, the insider now directly owns 9,903,867 shares of the company’s stock, valued at approximately $83,192,482.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 77.90% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in FI. UBS Asset Management Americas Inc. acquired a new stake in Frank’s International N.V. during the first quarter worth $615,000. Swiss National Bank increased its stake in Frank’s International N.V. by 37.7% in the first quarter. Swiss National Bank now owns 91,600 shares of the pipeline company’s stock worth $968,000 after buying an additional 25,100 shares in the last quarter. Comerica Bank acquired a new stake in Frank’s International N.V. during the first quarter worth $2,031,000. Bank of New York Mellon Corp increased its stake in Frank’s International N.V. by 8.7% in the first quarter. Bank of New York Mellon Corp now owns 193,628 shares of the pipeline company’s stock worth $2,047,000 after buying an additional 15,430 shares in the last quarter. Finally, US Bancorp DE acquired a new stake in Frank’s International N.V. during the first quarter worth $178,000. 30.12% of the stock is currently owned by hedge funds and other institutional investors.

Frank’s International N.V. Company Profile

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.

Analyst Recommendations for Frank`s International N.V. (NYSE:FI)

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