Frank’s International N.V. (FI) Research Coverage Started at Deutsche Bank AG

Deutsche Bank AG assumed coverage on shares of Frank’s International N.V. (NYSE:FI) in a research report released on Tuesday, Marketbeat Ratings reports. The firm issued a hold rating and a $7.00 price target on the pipeline company’s stock.

Several other analysts have also commented on the company. Royal Bank Of Canada set a $10.00 target price on Frank’s International N.V. and gave the stock a buy rating in a report on Sunday, October 8th. Jefferies Group LLC set a $9.00 target price on Frank’s International N.V. and gave the stock a hold rating in a report on Thursday, October 5th. J P Morgan Chase & Co lowered Frank’s International N.V. from a neutral rating to an underweight rating and set a $7.00 target price on the stock. in a report on Wednesday, September 27th. BidaskClub lowered Frank’s International N.V. from a sell rating to a strong sell rating in a report on Thursday, August 17th. Finally, Seaport Global Securities reissued a neutral rating on shares of Frank’s International N.V. in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $8.50.

Shares of Frank’s International N.V. (FI) traded up 1.66% on Tuesday, hitting $7.36. The company had a trading volume of 216,355 shares. Frank’s International N.V. has a 52 week low of $6.04 and a 52 week high of $13.57. The company’s market capitalization is $1.64 billion. The stock’s 50-day moving average is $7.22 and its 200 day moving average is $8.10.

Frank’s International N.V. (NYSE:FI) last posted its earnings results on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The company had revenue of $117.70 million for the quarter, compared to analyst estimates 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%. The firm’s revenue was down 2.7% on a year-over-year basis. During the same period last year, the business earned ($0.20) earnings per share. Equities analysts expect that Frank’s International N.V. will post ($0.42) EPS for the current year.

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by Stock Observer and is the property of of Stock Observer. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://www.thestockobserver.com/2017/10/13/franks-international-n-v-fi-research-coverage-started-at-deutsche-bank-ag.html.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 4.14%. The ex-dividend date was Tuesday, August 29th. Frank’s International N.V.’s payout ratio is currently -40.00%.

In other news, SVP Alejandro Cestero sold 7,355 shares of Frank’s International N.V. stock in a transaction that occurred on 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 directly owns 2,442 shares of the company’s stock, valued at $16,630.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder William Bradford Mosing sold 350,000 shares of Frank’s International N.V. stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $6.67, for a total value of $2,334,500.00. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $66,700. The disclosure for this sale can be found here. Insiders sold 4,907,355 shares of company stock worth $33,779,088 over the last ninety days. Corporate insiders own 77.90% of the company’s stock.

Large investors have recently modified their holdings of the company. UBS Group AG boosted its stake in shares of Frank’s International N.V. by 2,045.1% in the first quarter. UBS Group AG now owns 107,167 shares of the pipeline company’s stock worth $1,133,000 after acquiring an additional 102,171 shares during the last quarter. Morgan Stanley boosted its stake in shares of Frank’s International N.V. by 244.4% in the first quarter. Morgan Stanley now owns 137,236 shares of the pipeline company’s stock worth $1,451,000 after acquiring an additional 97,391 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Frank’s International N.V. in the first quarter worth approximately $6,420,000. Tocqueville Asset Management L.P. boosted its stake in shares of Frank’s International N.V. by 43.4% in the second quarter. Tocqueville Asset Management L.P. now owns 957,900 shares of the pipeline company’s stock worth $7,941,000 after acquiring an additional 290,000 shares during the last quarter. Finally, Kelman Lazarov Inc. boosted its stake in shares of Frank’s International N.V. by 115.6% in the second quarter. Kelman Lazarov Inc. now owns 24,250 shares of the pipeline company’s stock worth $201,000 after acquiring an additional 13,000 shares during the last quarter. 30.38% of the stock is currently owned by hedge funds and other 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)

Receive News & Ratings for Frank's International N.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frank's International N.V. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply