Frank’s International NV (NYSE:FI) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.91 and last traded at $11.64, with a volume of 949,218 shares trading hands. The stock had previously closed at $12.37.

A number of brokerages have issued reports on FI. Royal Bank Of Canada restated a “sector perform” rating and issued a $18.00 price objective (up previously from $15.00) on shares of Frank’s International NV in a research note on Thursday, April 28th. TheStreet upgraded Frank’s International NV from a “sell” rating to a “hold” rating in a research note on Friday, May 27th. KLR Group reiterated a “buy” rating and set a $22.00 price target on shares of Frank’s International NV in a research note on Wednesday, June 15th. JPMorgan Chase & Co. began coverage on Frank’s International NV in a research note on Wednesday, June 22nd. They set a “neutral” rating and a $13.00 price target for the company. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Frank’s International NV in a research note on Thursday, June 2nd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $15.20.

The stock’s 50-day moving average price is $13.40 and its 200 day moving average price is $14.88. The company’s market capitalization is $1.82 billion.

Frank’s International NV (NYSE:FI) last issued its quarterly earnings data on Thursday, July 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.13. The business earned $121 million during the quarter, compared to analyst estimates of $142.41 million. Frank’s International NV’s revenue for the quarter was down 52.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. On average, equities analysts forecast that Frank’s International NV will post ($0.39) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 16th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.075 per share. The ex-dividend date is Monday, August 29th. This represents a $0.30 dividend on an annualized basis and a yield of 2.43%.

In other Frank’s International NV news, major shareholder Donald E. Mosing purchased 41,000 shares of Frank’s International NV stock in a transaction dated Friday, August 5th. The shares were purchased at an average cost of $12.15 per share, for a total transaction of $498,150.00. Following the completion of the acquisition, the insider now owns 91,000 shares in the company, valued at approximately $1,105,650. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

A hedge fund recently raised its stake in Frank’s International NV stock. Morgan Stanley increased its stake in shares of Frank’s International NV (NYSE:FI) by 26.8% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 729,717 shares of the company’s stock after buying an additional 154,393 shares during the period. Morgan Stanley owned 0.47% of Frank’s International NV worth $12,179,000 at the end of the most recent 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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