Frank’s International N.V. (FI) Given New $7.00 Price Target at J P Morgan Chase & Co

Frank’s International N.V. (NYSE:FI) had its target price cut by J P Morgan Chase & Co from $9.00 to $7.00 in a report released on Tuesday morning. They currently have a neutral rating on the pipeline company’s stock.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada reissued a buy rating and issued a $10.00 target price on shares of Frank’s International N.V. in a report on Friday, September 1st. Barclays PLC cut their target price 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 report on Tuesday, August 8th. Capital One Financial Corporation reissued an equal weight rating on shares of Frank’s International N.V. in a report on Monday, August 7th. Piper Jaffray Companies set a $8.00 target price on shares of Frank’s International N.V. and gave the company a hold rating in a report on Monday, August 7th. Finally, Jefferies Group LLC reissued a hold rating on shares of Frank’s International N.V. in a report on Friday, July 21st. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $9.38.

Shares of Frank’s International N.V. (NYSE FI) opened at 7.09 on Tuesday. The stock has a 50 day moving average of $7.03 and a 200-day moving average of $8.58. The company’s market capitalization is $1.58 billion. Frank’s International N.V. has a one year low of $6.04 and a one year high of $14.86.

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $117.70 million for the quarter, compared to analysts’ expectations of $113.41 million. During the same period last year, the business earned ($0.20) earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, equities analysts expect that Frank’s International N.V. will post ($0.42) earnings per share for the current year.

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The company also recently disclosed 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 4.23%. The ex-dividend date is Tuesday, August 29th. Frank’s International N.V.’s payout ratio is -40.00%.

Frank’s International N.V. declared that its board has approved a stock repurchase program on Thursday, May 25th that permits the company to buyback 1,000% of shares. This buyback authorization permits the pipeline company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

In other Frank’s International N.V. news, SVP Alejandro Cestero sold 7,355 shares of Frank’s International N.V. stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $6.81, for a total transaction of $50,087.55. Following the completion of the transaction, the senior vice president now directly owns 2,442 shares of the company’s stock, valued at $16,630.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Wbm Partnership, Lp sold 250,000 shares of Frank’s International N.V. 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 directly owns 9,807,351 shares of the company’s stock, valued at $60,315,208.65. The disclosure for this sale can be found here. Insiders have sold 2,957,355 shares of company stock valued at $19,533,588 over the last ninety days. 77.90% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FI. Massachusetts Financial Services Co. MA boosted its stake in Frank’s International N.V. by 117.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,609,972 shares of the pipeline company’s stock worth $48,727,000 after buying an additional 2,490,837 shares during the period. Citadel Advisors LLC boosted its stake in Frank’s International N.V. by 10,360.6% during the second quarter. Citadel Advisors LLC now owns 1,260,082 shares of the pipeline company’s stock worth $10,446,000 after buying an additional 1,248,036 shares during the period. Point72 Asset Management L.P. purchased a new position in Frank’s International N.V. during the first quarter worth $6,420,000. Laurion Capital Management LP purchased a new position in Frank’s International N.V. during the first quarter worth $6,310,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in Frank’s International N.V. by 24.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,969,690 shares of the pipeline company’s stock worth $31,390,000 after buying an additional 576,950 shares during the period. 30.38% of the stock is owned by institutional investors.

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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