Frank’s International N.V. (NYSE:FI) – Analysts at Capital One Financial Corporation dropped their Q3 2017 EPS estimates for shares of Frank’s International N.V. in a research report issued on Monday. Capital One Financial Corporation analyst J. Gibney now forecasts that the pipeline company will earn ($0.12) per share for the quarter, down from their prior estimate of ($0.11). Capital One Financial Corporation has a “Equal Weight” rating on the stock.

Several other research firms have also recently weighed in on FI. Royal Bank Of Canada reissued a “buy” rating and issued a $10.00 price target on shares of Frank’s International N.V. in a report on Friday, September 1st. Seaport Global Securities reissued a “neutral” rating on shares of Frank’s International N.V. in a report on Tuesday, August 8th. Scotiabank set a $13.00 price target on shares of Frank’s International N.V. and gave the company a “hold” rating in a report on Tuesday, August 8th. BidaskClub cut shares of Frank’s International N.V. from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $8.50 price target (down from $10.50) on shares of Frank’s International N.V. in a report on Tuesday, August 8th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $8.50.

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Shares of Frank’s International N.V. (FI) opened at 7.28 on Wednesday. The company’s 50-day moving average price is $7.15 and its 200-day moving average price is $8.11. Frank’s International N.V. has a 52-week low of $6.04 and a 52-week high of $13.57. The firm’s market capitalization is $1.62 billion.

Frank’s International N.V. (NYSE:FI) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates 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 8.97% and a negative net margin of 35.28%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.20) earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of FI. Citadel Advisors LLC boosted its position in shares of Frank’s International N.V. by 10,360.6% during the 2nd quarter. Citadel Advisors LLC now owns 1,260,082 shares of the pipeline company’s stock worth $10,446,000 after acquiring an additional 1,248,036 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Frank’s International N.V. during the 1st quarter worth approximately $6,420,000. FMR LLC boosted its position in shares of Frank’s International N.V. by 7.1% during the 1st quarter. FMR LLC now owns 6,572,547 shares of the pipeline company’s stock worth $69,471,000 after acquiring an additional 437,765 shares in the last quarter. State Street Corp boosted its position in shares of Frank’s International N.V. by 39.2% during the 2nd quarter. State Street Corp now owns 1,420,473 shares of the pipeline company’s stock worth $11,779,000 after acquiring an additional 399,679 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Frank’s International N.V. by 128.9% during the 2nd quarter. Northern Trust Corp now owns 648,873 shares of the pipeline company’s stock worth $5,378,000 after acquiring an additional 365,398 shares in the last quarter. Institutional investors and hedge funds own 30.38% of the company’s stock.

In related news, major shareholder Wbm Partnership, Lp sold 250,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $6.15, for a total transaction of $1,537,500.00. Following the sale, the insider now owns 9,807,351 shares in the company, valued at approximately $60,315,208.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Keith Mosing Family Par Donald sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $6.67, for a total transaction of $6,670,000.00. Following the sale, the insider now owns 7,302,720 shares in the company, valued at approximately $48,709,142.40. The disclosure for this sale can be found here. Insiders have sold 4,907,355 shares of company stock worth $33,779,088 over the last ninety days. Insiders own 77.90% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Tuesday, August 29th. This represents a $0.30 annualized dividend and a dividend yield of 4.12%. Frank’s International N.V.’s dividend payout ratio is presently -40.00%.

About Frank’s International N.V.

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.

Earnings History and Estimates for Frank`s International N.V. (NYSE:FI)

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