Frank’s International (NYSE:FI) has been assigned a $7.00 price objective by analysts at Jefferies Group in a report released on Thursday. The firm currently has a “hold” rating on the pipeline company’s stock. Jefferies Group’s price target indicates a potential downside of 6.91% from the stock’s current price.

Other analysts also recently issued research reports about the company. Royal Bank of Canada set a $10.00 price objective on Frank’s International and gave the stock a “buy” rating in a research note on Sunday, October 8th. Deutsche Bank began coverage on Frank’s International in a research note on Tuesday, October 10th. They issued a “hold” rating and a $7.00 price objective on the stock. JPMorgan Chase & Co. downgraded Frank’s International from a “neutral” rating to an “underweight” rating and set a $7.00 price objective on the stock. in a research note on Wednesday, September 27th. Zacks Investment Research raised Frank’s International from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Credit Suisse Group downgraded Frank’s International from a “neutral” rating to an “underperform” rating in a research note on Tuesday, November 7th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $7.61.

Shares of Frank’s International (FI) traded up $0.32 on Thursday, reaching $7.52. The company had a trading volume of 1,142,221 shares, compared to its average volume of 947,607. The company has a market cap of $1,680.00, a P/E ratio of -14.19 and a beta of 1.10. Frank’s International has a 52 week low of $5.79 and a 52 week high of $13.00.

Frank’s International (NYSE:FI) last issued its earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). The company had revenue of $108.08 million for the quarter, compared to the consensus estimate of $120.42 million. Frank’s International had a negative return on equity of 9.25% and a negative net margin of 26.21%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.14) EPS. equities analysts predict that Frank’s International will post -0.45 EPS for the current fiscal year.

In other news, major shareholder Melanie Christine Mosing sold 300,610 shares of Frank’s International stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $6.51, for a total value of $1,956,971.10. Following the completion of the transaction, the insider now owns 10,591,325 shares in the company, valued at approximately $68,949,525.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Michael Frank Mosing sold 800,000 shares of Frank’s International stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $5.62, for a total value of $4,496,000.00. Following the completion of the transaction, the insider now owns 803,735 shares of the company’s stock, valued at approximately $4,516,990.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,796,592 shares of company stock valued at $29,774,337. Company insiders own 77.90% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of FI. Citigroup Inc. boosted its holdings in Frank’s International by 726.2% during the 2nd quarter. Citigroup Inc. now owns 12,162 shares of the pipeline company’s stock valued at $101,000 after acquiring an additional 10,690 shares during the period. Legal & General Group Plc boosted its holdings in Frank’s International by 567.8% during the 2nd quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock valued at $118,000 after acquiring an additional 12,163 shares during the period. Gagnon Securities LLC purchased a new position in Frank’s International during the 3rd quarter valued at $124,000. M&T Bank Corp purchased a new position in Frank’s International during the 2nd quarter valued at $138,000. Finally, Voya Investment Management LLC boosted its holdings in Frank’s International by 88.4% during the 2nd quarter. Voya Investment Management LLC now owns 21,717 shares of the pipeline company’s stock valued at $180,000 after acquiring an additional 10,192 shares during the period. Institutional investors own 31.48% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Frank’s International (FI) Given a $7.00 Price Target at Jefferies Group” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/04/franks-international-fi-given-a-7-00-price-target-at-jefferies-group.html.

About Frank’s International

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 (NYSE:FI)

Receive News & Ratings for Frank's International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frank's International and related companies with MarketBeat.com's FREE daily email newsletter.