Capital One Financial Corporation restated their equal weight rating on shares of Frank’s International N.V. (NYSE:FI) in a research report sent to investors on Monday.

Other equities analysts have also issued research reports about the stock. Morgan Stanley reduced their price target on shares of Frank’s International N.V. from $14.00 to $13.00 and set an equal weight rating for the company in a research report on Monday, May 8th. Jefferies Group LLC restated a hold rating and set a $10.50 price target on shares of Frank’s International N.V. in a research report on Tuesday, June 6th. Barclays PLC set a $9.00 price target on shares of Frank’s International N.V. and gave the company a hold rating in a research report on Monday, May 8th. Piper Jaffray Companies set a $8.00 price target on shares of Frank’s International N.V. and gave the company a hold rating in a research report on Monday. Finally, BidaskClub upgraded shares of Frank’s International N.V. from a sell rating to a hold rating in a research report on Friday, June 30th. Six research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $10.00.

Shares of Frank’s International N.V. (NYSE:FI) traded down 2.47% during mid-day trading on Monday, hitting $7.11. 43,080 shares of the company traded hands. 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. has a one year low of $7.02 and a one year high of $14.86. The stock’s market capitalization is $1.58 billion.

Frank’s International N.V. (NYSE:FI) last announced its earnings results on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. The firm had revenue of $117.70 million during the quarter, compared to analysts’ expectations of $113.41 million. Frank’s International N.V. had a negative net margin of 36.25% and a negative return on equity of 8.41%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.20) EPS. On average, equities analysts predict that Frank’s International N.V. will post ($0.40) earnings per share for the current year.

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Frank’s International N.V. declared that its Board of Directors has authorized a share repurchase program on Thursday, May 25th that allows the company to buyback 1,000% of shares. This buyback authorization allows the pipeline company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

In other Frank’s International N.V. news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total transaction of $124,320.00. Following the completion of the transaction, the insider now owns 9,903,867 shares in the company, valued at $83,192,482.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 77.90% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. BlueCrest Capital Management Ltd acquired a new position in shares of Frank’s International N.V. during the first quarter worth $116,000. Legal & General Group Plc raised its position 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 worth $118,000 after buying an additional 12,163 shares in the last quarter. Kelman Lazarov Inc. raised its position 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 worth $119,000 after buying an additional 3,750 shares in the last quarter. Boyer & Corporon Wealth Management LLC acquired a new position in shares of Frank’s International N.V. during the first quarter worth $120,000. Finally, Anchor Capital Advisors LLC acquired a new position in shares of Frank’s International N.V. during the first quarter worth $121,000. Hedge funds and other institutional investors own 30.12% of the company’s stock.

About Frank’s International N.V.

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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