Jefferies Group LLC Cuts Frank’s International N.V. (NYSE:FI) Price Target to $7.50

Frank’s International N.V. (NYSE:FI) had its target price lowered by analysts at Jefferies Group LLC from $8.00 to $7.50 in a report released on Friday, November 3rd. The brokerage presently has a “hold” rating on the pipeline company’s stock. Jefferies Group LLC’s target price suggests a potential upside of 18.11% from the company’s previous close.

Several other equities analysts have also recently commented on the stock. Royal Bank Of Canada set a $10.00 target price on shares of Frank’s International N.V. and gave the company a “buy” rating in a research note on Sunday, October 8th. Capital One Financial Corporation restated an “equal weight” rating on shares of Frank’s International N.V. in a research note on Monday, August 7th. Barclays PLC dropped their price objective on shares of Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 8th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Frank’s International N.V. in a report on Sunday, October 22nd. Finally, Deutsche Bank AG initiated coverage on shares of Frank’s International N.V. in a report on Tuesday, October 10th. They issued a “hold” rating and a $7.00 target price on the stock. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.00.

Shares of Frank’s International N.V. (FI) traded up $0.06 on Friday, reaching $6.35. 585,732 shares of the company were exchanged, compared to its average volume of 1,175,331. 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 posted 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 net margin of 26.21% and a negative return on equity of 9.25%. The company had revenue of $108.08 million during the quarter, compared to the consensus estimate of $120.42 million. During the same period in the previous year, the firm posted ($0.14) earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. equities analysts anticipate that Frank’s International N.V. will post -0.45 EPS for the current fiscal year.

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In other Frank’s International N.V. news, Director D. Keith Mosing sold 218,000 shares of Frank’s International N.V. stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $6.36, for a total transaction of $1,386,480.00. Following the completion of the transaction, the director now directly owns 446,300 shares of the company’s stock, valued at $2,838,468. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Wbm Partnership, Lp sold 250,000 shares of Frank’s International N.V. stock in a transaction on Monday, August 28th. The stock was sold at an average price of $6.37, for a total transaction of $1,592,500.00. Following the transaction, the insider now directly owns 9,403,867 shares of the company’s stock, valued at $59,902,632.79. The disclosure for this sale can be found here. Insiders have sold a total of 4,541,532 shares of company stock worth $31,424,971 over the last 90 days. Corporate insiders own 77.90% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. TIAA CREF Investment Management LLC lifted its holdings in shares of 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 in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of 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 in the last quarter. Clearbridge Investments LLC lifted its holdings in shares of 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 in the last quarter. California Public Employees Retirement System raised its stake in Frank’s International N.V. by 7.2% in the first quarter. California Public Employees Retirement System now owns 19,300 shares of the pipeline company’s stock valued at $204,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Boston Private Wealth LLC raised its stake in Frank’s International N.V. by 13.0% in the second quarter. Boston Private Wealth LLC now owns 44,089 shares of the pipeline company’s stock valued at $365,000 after purchasing an additional 5,084 shares in the last quarter. 26.26% of the stock is owned by institutional investors.

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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