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

Several brokerages have commented on FI. Jefferies Group lowered shares of Frank’s International NV from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $14.50 to $12.00 in a research report on Monday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $16.00 price objective (down previously from $18.00) on shares of Frank’s International NV in a research report on Thursday, June 30th. Evercore ISI lowered shares of Frank’s International NV from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $15.00 to $12.00 in a research report on Wednesday, June 29th. JPMorgan Chase & Co. began coverage on shares of Frank’s International NV in a research report on Wednesday, June 22nd. They issued a “neutral” rating and a $13.00 price objective on the stock. Finally, KLR Group reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Frank’s International NV in a research report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. Frank’s International NV currently has a consensus rating of “Hold” and an average target price of $16.00.

The company has a market capitalization of $2.31 billion and a price-to-earnings ratio of 52.36. The company has a 50-day moving average price of $15.48 and a 200-day moving average price of $15.20.

The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Friday, June 3rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend was Wednesday, June 1st.

Several hedge funds recently made changes to their positions in FI. 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 last quarter. 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 last quarter. 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 last quarter. Finally, 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.