Frank’s International N.V. (FI) Given “Hold” Rating at Piper Jaffray Companies

Piper Jaffray Companies reaffirmed their hold rating on shares of Frank’s International N.V. (NYSE:FI) in a research report sent to investors on Friday. They currently have a $5.50 price target on the pipeline company’s stock.

FI has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a buy rating and set a $10.00 target price on shares of Frank’s International N.V. in a research report on Friday, September 1st. Deutsche Bank AG began coverage on Frank’s International N.V. in a report on Tuesday, October 10th. They set a hold rating and a $7.00 price target on the stock. Credit Suisse Group downgraded Frank’s International N.V. from a neutral rating to an underperform rating in a report on Tuesday, November 7th. J P Morgan Chase & Co lowered their price target on Frank’s International N.V. from $9.00 to $7.00 and set a neutral rating on the stock in a report on Tuesday, September 12th. Finally, Jefferies Group LLC reiterated a hold rating on shares of Frank’s International N.V. in a report on Friday, July 21st. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $8.00.

Shares of Frank’s International N.V. (FI) opened at $6.61 on Friday. Frank’s International N.V. has a 52-week low of $6.03 and a 52-week high of $13.57.

Frank’s International N.V. (NYSE:FI) last announced its earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $108.08 million for the quarter, compared to analyst estimates of $120.42 million. Frank’s International N.V. had a negative return on equity of 9.25% and a negative net margin of 26.21%. Frank’s International N.V.’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.14) earnings per share. equities analysts predict that Frank’s International N.V. will post -0.43 EPS for the current year.

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In other news, major shareholder William Bradford Mosing sold 350,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $6.67, for a total transaction of $2,334,500.00. Following the completion of the sale, the insider now owns 10,000 shares in the company, valued at approximately $66,700. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Alejandro Cestero sold 7,355 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $6.81, for a total value of $50,087.55. Following the sale, the senior vice president now owns 2,442 shares of the company’s stock, valued at approximately $16,630.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,802,355 shares of company stock valued at $26,639,188. 77.90% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FI. Morgan Stanley lifted its position in shares of Frank’s International N.V. by 244.4% during the 1st quarter. Morgan Stanley now owns 137,236 shares of the pipeline company’s stock worth $1,451,000 after purchasing an additional 97,391 shares during the last quarter. UBS Group AG lifted its position in shares of Frank’s International N.V. by 2,045.1% during the 1st quarter. UBS Group AG now owns 107,167 shares of the pipeline company’s stock worth $1,133,000 after purchasing an additional 102,171 shares during the last quarter. FMR LLC lifted its position in shares of Frank’s International N.V. by 4.6% during the 2nd quarter. FMR LLC now owns 6,873,830 shares of the pipeline company’s stock worth $56,984,000 after purchasing an additional 301,283 shares during the last quarter. Tocqueville Asset Management L.P. lifted its position in shares of Frank’s International N.V. by 43.4% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 957,900 shares of the pipeline company’s stock worth $7,941,000 after purchasing an additional 290,000 shares during the last quarter. Finally, Kelman Lazarov Inc. lifted its position in shares of Frank’s International N.V. by 115.6% during the 2nd quarter. Kelman Lazarov Inc. now owns 24,250 shares of the pipeline company’s stock worth $201,000 after purchasing an additional 13,000 shares during the last quarter. Institutional investors own 30.07% of the company’s stock.

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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