Frank’s International NV (NYSE:FI)’s share price dropped 2.5% during mid-day trading on Monday . The company traded as low as $14.50 and last traded at $14.50, with a volume of 189,123 shares. The stock had previously closed at $14.87.

FI has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Frank’s International NV in a research report on Wednesday, June 22nd. They set a “neutral” rating and a $13.00 target price on the stock. Goldman Sachs Group Inc. lowered their target price on shares of Frank’s International NV from $13.00 to $12.50 in a research report on Tuesday, April 12th. Royal Bank Of Canada restated a “sector perform” rating and set a $16.00 target price (down from $18.00) on shares of Frank’s International NV in a research report on Thursday, June 30th. Jefferies Group lowered shares of Frank’s International NV from a “hold” rating to an “underperform” rating and lowered their target price for the stock from $14.50 to $12.00 in a research report on Monday. Finally, Evercore ISI lowered shares of Frank’s International NV from a “buy” rating to a “hold” rating and lowered their target price for the stock from $15.00 to $12.00 in a research report on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.00.

The stock has a 50-day moving average of $15.50 and a 200-day moving average of $15.23. The stock has a market capitalization of $2.26 billion and a price-to-earnings ratio of 51.27.

The company also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were issued a $0.15 dividend. The ex-dividend date was Wednesday, June 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.12%.

Other large investors have recently modified their holdings of the company. Sei Investments Co. increased 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 during the period. California State Teachers Retirement System increased 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 during the period. American Century Companies Inc. increased 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 during the period. Energy Opportunities Capital Management LLC increased 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 during the period. Finally, Morgan Stanley increased 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 during the period.

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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