Frank’s International N.V. (NYSE:FI) had its price objective reduced by research analysts at Barclays PLC from $9.00 to $8.00 in a research report issued on Tuesday. The brokerage currently has an “equal weight” rating on the pipeline company’s stock. Barclays PLC’s price objective would indicate a potential upside of 13.31% from the company’s previous close.

A number of other research analysts have also recently commented on FI. Jefferies Group LLC restated a “hold” rating and set a $11.00 price target on shares of Frank’s International N.V. in a research note on Wednesday, April 26th. Zacks Investment Research cut Frank’s International N.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, May 1st. Morgan Stanley decreased their price target on Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Monday, May 8th. BidaskClub upgraded Frank’s International N.V. from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Seaport Global Securities cut Frank’s International N.V. from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $7.00 to $6.00 in a research note on Wednesday, June 21st. Six equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $9.77.

Frank’s International N.V. (FI) traded down 3.16% during midday trading on Tuesday, hitting $7.06. The stock had a trading volume of 1,164,813 shares. The company’s market cap is $1.57 billion. Frank’s International N.V. has a 12-month low of $7.00 and a 12-month high of $14.86. The firm has a 50-day moving average of $8.22 and a 200-day moving average of $9.74.

Frank’s International N.V. (NYSE:FI) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.02. Frank’s International N.V. had a negative net margin of 36.25% and a negative return on equity of 8.41%. The business had revenue of $117.70 million during the quarter, compared to analyst estimates of $113.41 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The company’s revenue was down 2.7% on a year-over-year basis. Equities research analysts forecast that Frank’s International N.V. will post ($0.40) EPS for the current year.

Frank’s International N.V. announced that its Board of Directors has initiated a stock repurchase plan on Thursday, May 25th that authorizes the company to repurchase 1,000% of outstanding shares. This repurchase authorization authorizes the pipeline company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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In other news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $8.40, for a total value of $124,320.00. Following the sale, the insider now directly owns 9,903,867 shares in the company, valued at $83,192,482.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 77.90% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. BlueCrest Capital Management Ltd bought a new stake in shares of Frank’s International N.V. during the first quarter valued at about $116,000. Kelman Lazarov Inc. boosted its stake in shares of Frank’s International N.V. by 50.0% in the first quarter. Kelman Lazarov Inc. now owns 11,250 shares of the pipeline company’s stock valued at $119,000 after buying an additional 3,750 shares during the last quarter. Boyer & Corporon Wealth Management LLC bought a new stake in shares of Frank’s International N.V. during the first quarter valued at about $120,000. Anchor Capital Advisors LLC bought a new stake in shares of Frank’s International N.V. during the first quarter valued at about $121,000. Finally, Legal & General Group Plc boosted its stake in shares of Frank’s International N.V. by 567.8% in the second quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock valued at $118,000 after buying an additional 12,163 shares during the last quarter. Institutional investors and hedge funds own 30.12% of the company’s stock.

Frank’s International N.V. Company Profile

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.

Analyst Recommendations for Frank`s International N.V. (NYSE:FI)

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