Frank’s International N.V. (NYSE:FI) has earned an average recommendation of “Hold” from the fourteen research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $8.75.

FI has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “hold” rating on shares of Frank’s International N.V. in a report on Friday, July 21st. Piper Jaffray Companies set a $8.00 target price on Frank’s International N.V. and gave the stock a “hold” rating in a report on Monday, August 7th. Capital One Financial Corporation reissued an “equal weight” rating on shares of Frank’s International N.V. in a report on Monday, August 7th. Scotiabank set a $13.00 target price on Frank’s International N.V. and gave the stock a “hold” rating in a report on Tuesday, August 8th. Finally, Barclays PLC dropped their target price on Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 8th.

Frank’s International N.V. (NYSE:FI) last announced its earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.11). Frank’s International N.V. had a negative return on equity of 8.97% and a negative net margin of 35.28%. The firm had revenue of $108.08 million for the quarter, compared to analysts’ expectations of $120.42 million. During the same quarter in the previous year, the company earned ($0.14) earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year.

In other Frank’s International N.V. news, SVP Alejandro Cestero sold 7,355 shares of Frank’s International N.V. stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $6.81, for a total transaction of $50,087.55. Following the transaction, the senior vice president now directly owns 2,442 shares in the company, valued at approximately $16,630.02. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder G. Mosing Family L.L. Kendall sold 1,500,000 shares of Frank’s International N.V. stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $7.25, for a total transaction of $10,875,000.00. Following the transaction, the insider now owns 11,724,888 shares in the company, valued at $85,005,438. The disclosure for this sale can be found here. Insiders sold 4,907,355 shares of company stock worth $33,779,088 in the last ninety days. 77.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlueCrest Capital Management Ltd purchased a new position in Frank’s International N.V. during the 1st quarter worth approximately $116,000. Citigroup Inc. grew its position in Frank’s International N.V. by 726.2% during the 2nd quarter. Citigroup Inc. now owns 12,162 shares of the pipeline company’s stock worth $101,000 after purchasing an additional 10,690 shares in the last quarter. Legal & General Group Plc grew its position in Frank’s International N.V. by 567.8% during the 2nd quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock worth $118,000 after purchasing an additional 12,163 shares in the last quarter. M&T Bank Corp purchased a new position in Frank’s International N.V. during the 2nd quarter worth approximately $138,000. Finally, California Public Employees Retirement System grew its position in Frank’s International N.V. by 7.2% during the 1st quarter. California Public Employees Retirement System now owns 19,300 shares of the pipeline company’s stock worth $204,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 30.30% of the company’s stock.

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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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