Frank’s International NV (FI) Hits New 1-Year Low at $10.91
Frank’s International NV (NYSE:FI)’s share price 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 traded. The stock had previously closed at $12.37.
A number of equities analysts have recently issued reports on FI shares. Capital One Financial Corp. cut Frank’s International NV from an “overweight” rating to an “equal weight” rating in a report on Thursday, July 28th. Seaport Global Securities reissued a “neutral” rating on shares of Frank’s International NV in a report on Friday, August 19th. TheStreet lowered Frank’s International NV from a “hold” rating to a “sell” rating in a research report on Thursday, July 28th. Barclays PLC decreased their price target on Frank’s International NV from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, July 29th. Finally, Evercore ISI lowered Frank’s International NV from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $12.00 in a research report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company. Frank’s International NV currently has a consensus rating of “Hold” and an average target price of $15.20.
The company’s market cap is $1.85 billion. The stock has a 50-day moving average of $13.23 and a 200-day moving average of $14.84.
Frank’s International NV (NYSE:FI) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.13. The firm had revenue of $121 million for the quarter, compared to the consensus estimate of $142.41 million. The company’s quarterly revenue was down 52.4% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. Equities research analysts anticipate that Frank’s International NV will post ($0.39) earnings per share for the current fiscal year.
The company 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 of this dividend is Monday, August 29th. This represents a $0.30 annualized dividend and a yield of 2.54%.
In related news, major shareholder Donald E. Mosing purchased 41,000 shares of the stock in a transaction dated Friday, August 5th. The stock was bought 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 of the company’s stock, valued at $1,105,650. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A hedge fund recently raised its stake in Frank’s International NV stock. Morgan Stanley raised its stake in Frank’s International NV (NYSE:FI) by 26.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 729,717 shares of the company’s stock after buying an additional 154,393 shares during the period. Morgan Stanley owned about 0.47% of Frank’s International NV worth $12,179,000 as of its most recent SEC filing.
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.