Frank’s International N.V. (FI) PT Set at $10.00 by Royal Bank Of Canada

Royal Bank Of Canada set a $10.00 price target on Frank’s International N.V. (NYSE:FI) in a report released on Sunday, October 8th. The brokerage currently has a buy rating on the pipeline company’s stock.

A number of other research firms have also commented on FI. Seaport Global Securities reaffirmed a neutral rating on shares of Frank’s International N.V. in a research note on Tuesday, August 8th. Scotiabank set a $13.00 price objective on shares of Frank’s International N.V. and gave the company a hold rating in a research note on Tuesday, August 8th. BidaskClub lowered shares of Frank’s International N.V. from a sell rating to a strong sell rating in a research note on Thursday, August 17th. Jefferies Group LLC reaffirmed a hold rating and issued a $8.50 price objective (down from $10.50) on shares of Frank’s International N.V. in a research note on Tuesday, August 8th. Finally, Piper Jaffray Companies set a $8.00 target price on shares of Frank’s International N.V. and gave the stock a hold rating in a research note on Monday, August 7th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Frank’s International N.V. currently has a consensus rating of Hold and a consensus price target of $8.40.

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 the Zacks’ consensus estimate of ($0.10) by ($0.02). Frank’s International N.V. had a negative net margin of 35.28% and a negative return on equity of 8.97%. The firm had revenue of $117.70 million during the quarter, compared to the consensus estimate of $113.41 million. During the same period in the prior year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year.

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In other Frank’s International N.V. news, Director D. Keith Mosing sold 500,000 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $6.67, for a total transaction of $3,335,000.00. Following the transaction, the director now owns 796,300 shares in the company, valued at $5,311,321. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Wbm Partnership, Lp sold 250,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $6.15, for a total transaction of $1,537,500.00. Following the transaction, the insider now owns 9,807,351 shares in the company, valued at approximately $60,315,208.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,907,355 shares of company stock worth $33,779,088. 77.90% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC raised its holdings in Frank’s International N.V. by 0.3% during the second quarter. TIAA CREF Investment Management LLC now owns 161,828 shares of the pipeline company’s stock worth $1,342,000 after buying an additional 468 shares during the last quarter. Nationwide Fund Advisors raised its holdings in Frank’s International N.V. by 1.9% during the second quarter. Nationwide Fund Advisors now owns 31,391 shares of the pipeline company’s stock worth $260,000 after buying an additional 599 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Frank’s International N.V. by 0.3% during the first quarter. Clearbridge Investments LLC now owns 186,046 shares of the pipeline company’s stock worth $1,967,000 after buying an additional 631 shares during the last quarter. California Public Employees Retirement System raised its holdings in Frank’s International N.V. by 7.2% during the first quarter. California Public Employees Retirement System now owns 19,300 shares of the pipeline company’s stock worth $204,000 after buying an additional 1,300 shares during the last quarter. Finally, Boston Private Wealth LLC raised its holdings in Frank’s International N.V. by 13.0% during the second quarter. Boston Private Wealth LLC now owns 44,089 shares of the pipeline company’s stock worth $365,000 after buying an additional 5,084 shares during the last quarter. Hedge funds and other institutional investors own 30.37% of the company’s stock.

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.

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

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