Shares of Frank’s International NV (NYSE:FI) saw unusually-strong trading volume on Wednesday . Approximately 2,373,838 shares were traded during mid-day trading, an increase of 198% from the previous session’s volume of 796,857 shares.The stock last traded at $14.77 and had previously closed at $14.64.

Several equities research analysts have recently weighed in on FI shares. JPMorgan Chase & Co. started coverage on Frank’s International NV in a research report on Wednesday, June 22nd. They issued a “neutral” rating and a $13.00 price objective for the company. Goldman Sachs Group Inc. reduced their target price on Frank’s International NV from $13.00 to $12.50 in a research report on Tuesday, April 12th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $16.00 target price (down from $18.00) on shares of Frank’s International NV in a research report on Thursday, June 30th. Evercore ISI cut Frank’s International NV from a “buy” rating to a “hold” rating and reduced their target price for the stock from $15.00 to $12.00 in a research report on Wednesday, June 29th. Finally, Seaport Global Securities cut Frank’s International NV from an “accumulate” rating to a “neutral” rating and set a $15.50 target price for the company. in a research report on Tuesday, April 19th. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.20.

The firm’s 50 day moving average price is $15.50 and its 200 day moving average price is $15.24. The firm has a market capitalization of $2.30 billion and a P/E ratio of 52.01.

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.06%.

Other hedge funds recently modified their holdings of the company. Morgan Stanley boosted its stake in shares of Frank’s International NV by 26.8% in the fourth quarter. Morgan Stanley now owns 729,717 shares of the company’s stock worth $12,179,000 after buying an additional 154,393 shares in the last quarter. Energy Opportunities Capital Management LLC boosted its stake in shares of Frank’s International NV by 153.4% in the fourth quarter. Energy Opportunities Capital Management LLC now owns 406,028 shares of the company’s stock worth $6,777,000 after buying an additional 245,802 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Frank’s International NV by 29.6% in the fourth quarter. Sei Investments Co. now owns 66,019 shares of the company’s stock worth $1,102,000 after buying an additional 15,098 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Frank’s International NV by 19.6% in the fourth quarter. American Century Companies Inc. now owns 94,060 shares of the company’s stock worth $1,570,000 after buying an additional 15,417 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Frank’s International NV by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 66,099 shares of the company’s stock worth $1,103,000 after buying an additional 1,150 shares in the last quarter.

Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. The Company operates through three business segments: International Services, U.S. Services and Tubular Sales. The Company provides services to exploration and production companies in both offshore and onshore environments, with a focus on technically demanding wells.

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