Frank’s International N.V. (FI) Given Consensus Rating of “Hold” by Analysts

Shares of Frank’s International N.V. (NYSE:FI) have earned a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $9.73.

Several equities analysts recently commented on the stock. Capital One Financial Corporation reaffirmed an “equal weight” rating on shares of Frank’s International N.V. in a research note on Monday, August 7th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Frank’s International N.V. in a research note on Tuesday, August 8th. Piper Jaffray Companies set a $8.00 price objective on shares of Frank’s International N.V. and gave the company a “hold” rating in a research note on Monday, August 7th. 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. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $8.50 price objective (down previously from $10.50) on shares of Frank’s International N.V. in a research note on Tuesday, August 8th.

Shares of Frank’s International N.V. (NYSE:FI) traded up 1.13% on Friday, reaching $6.27. 1,898,028 shares of the company were exchanged. Frank’s International N.V. has a 12-month low of $6.11 and a 12-month high of $14.86. The company’s 50 day moving average is $7.85 and its 200 day moving average is $9.29. The firm’s market capitalization is $1.40 billion.

Frank’s International N.V. (NYSE:FI) last posted its earnings results on Monday, August 7th. The pipeline company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by $0.02. The business had revenue of $117.70 million during the quarter, compared to analysts’ expectations of $113.41 million. Frank’s International N.V. had a negative return on equity of 8.97% and a negative net margin of 35.28%. Frank’s International N.V.’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.20) EPS. Analysts forecast that Frank’s International N.V. will post ($0.43) earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Tuesday, August 29th. Frank’s International N.V.’s dividend payout ratio is currently -40.00%.

Frank’s International N.V. declared that its board has initiated a stock buyback plan on Thursday, May 25th that authorizes the company to buyback 1,000% of outstanding shares. This buyback authorization authorizes the pipeline company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

In other Frank’s International N.V. news, Director D. Keith Mosing sold 500,000 shares of the company’s stock in a transaction dated 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 approximately $5,311,321. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Wbm Partnership, Lp sold 14,800 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total transaction of $124,320.00. Following the transaction, the insider now owns 9,903,867 shares in the company, valued at approximately $83,192,482.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,514,800 shares of company stock worth $10,129,320 in the last 90 days. Company insiders own 77.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FI. TIAA CREF Investment Management LLC boosted its position in Frank’s International N.V. by 0.3% in the second quarter. TIAA CREF Investment Management LLC now owns 161,828 shares of the pipeline company’s stock valued at $1,342,000 after buying an additional 468 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Frank’s International N.V. by 1.9% in the second quarter. Nationwide Fund Advisors now owns 31,391 shares of the pipeline company’s stock valued at $260,000 after buying an additional 599 shares during the period. Clearbridge Investments LLC boosted its position in shares of Frank’s International N.V. by 0.3% in the first quarter. Clearbridge Investments LLC now owns 186,046 shares of the pipeline company’s stock valued at $1,967,000 after buying an additional 631 shares during the period. California Public Employees Retirement System boosted its position in shares of 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 buying an additional 1,300 shares during the period. Finally, Kelman Lazarov Inc. boosted its position in shares of Frank’s International N.V. by 50.0% in the first quarter. Kelman Lazarov Inc. now owns 11,250 shares of the pipeline company’s stock valued at $119,000 after buying an additional 3,750 shares during the period. Institutional investors and hedge funds own 29.49% 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.