Frank’s International N.V. (NYSE:FI)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Capital One Financial Corporation in a research report issued on Monday.

Several other research analysts have also recently commented on FI. Piper Jaffray Companies set a $8.00 price target on Frank’s International N.V. and gave the stock a “hold” rating in a research note on Monday. Jefferies Group LLC reiterated a “hold” rating on shares of Frank’s International N.V. in a research note on Friday, July 21st. Morgan Stanley cut Frank’s International N.V. from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $13.00 to $9.00 in a research note on Wednesday, June 21st. Barclays PLC set a $9.00 price target on Frank’s International N.V. and gave the stock a “hold” rating in a research note on Monday, May 8th. Finally, BidaskClub upgraded Frank’s International N.V. from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Six investment analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. Frank’s International N.V. has an average rating of “Hold” and an average target price of $10.08.

Shares of Frank’s International N.V. (NYSE:FI) opened at 7.29 on Monday. The stock’s 50 day moving average price is $8.22 and its 200 day moving average price is $9.74. The firm’s market cap is $1.62 billion. Frank’s International N.V. has a 12 month low of $7.02 and a 12 month high of $14.86.

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

Frank’s International N.V. announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 25th that permits the company to buyback 1,000% of outstanding shares. This buyback authorization permits the pipeline company to buy shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is 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 that occurred on Wednesday, June 14th. The stock was sold at an average price of $8.40, for a total transaction of $124,320.00. Following the completion of the transaction, the insider now directly owns 9,903,867 shares of the company’s stock, valued at $83,192,482.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 77.90% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd bought a new position in Frank’s International N.V. during the first quarter valued at approximately $116,000. Kelman Lazarov Inc. raised its position in Frank’s International N.V. by 50.0% in the first quarter. Kelman Lazarov Inc. now owns 11,250 shares of the pipeline company’s stock valued at $119,000 after buying an additional 3,750 shares during the period. Boyer & Corporon Wealth Management LLC bought a new position in Frank’s International N.V. during the first quarter valued at approximately $120,000. Anchor Capital Advisors LLC bought a new position in Frank’s International N.V. during the first quarter valued at approximately $121,000. Finally, Legal & General Group Plc raised its position in Frank’s International N.V. by 567.8% in the second quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock valued at $118,000 after buying an additional 12,163 shares during the period. 30.12% of the stock is owned by 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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