Frank’s International N.V. (NYSE:FI) released its earnings results on Monday. The pipeline company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.02, MarketWatch Earnings reports. Frank’s International N.V. had a negative net margin of 35.28% and a negative return on equity of 8.89%. The business had revenue of $117.70 million during the quarter, compared to analyst estimates of $113.41 million. During the same period last year, the business posted ($0.20) EPS. Frank’s International N.V.’s revenue was down 2.7% compared to the same quarter last year.

Frank’s International N.V. (FI) opened at 7.03 on Wednesday. The stock’s 50 day moving average price is $8.19 and its 200 day moving average price is $9.70. Frank’s International N.V. has a 1-year low of $6.99 and a 1-year high of $14.86. The firm’s market cap is $1.57 billion.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Tuesday, August 29th. Frank’s International N.V.’s dividend payout ratio (DPR) is presently -40.00%.

A number of equities research analysts have commented on FI shares. Jefferies Group LLC reissued a “hold” rating and issued a $11.00 target price on shares of Frank’s International N.V. in a report on Wednesday, April 26th. Zacks Investment Research downgraded Frank’s International N.V. from a “hold” rating to a “strong sell” rating in a report on Monday, May 1st. Morgan Stanley reduced their target price on Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, May 8th. Barclays PLC set a $9.00 target price on Frank’s International N.V. and gave the company a “hold” rating in a report on Monday, May 8th. Finally, BidaskClub raised Frank’s International N.V. from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Six analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.77.

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In other news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the company’s 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 completion of the sale, the insider now 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 is available at this link. Corporate insiders own 77.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Boston Private Wealth LLC raised its stake in shares of Frank’s International N.V. by 12.1% in the first quarter. Boston Private Wealth LLC now owns 39,005 shares of the pipeline company’s stock valued at $412,000 after buying an additional 4,208 shares during the period. Anchor Capital Advisors LLC purchased a new stake in shares of Frank’s International N.V. during the first quarter valued at $121,000. UBS Group AG raised its stake in shares of Frank’s International N.V. by 2,045.1% in the first quarter. UBS Group AG now owns 107,167 shares of the pipeline company’s stock valued at $1,133,000 after buying an additional 102,171 shares during the period. Norges Bank purchased a new stake in shares of Frank’s International N.V. during the fourth quarter valued at $5,008,000. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Frank’s International N.V. during the first quarter valued at $6,420,000. Institutional investors and hedge funds own 30.12% of the company’s stock.

Frank’s International N.V. declared that its board has initiated a stock repurchase program on Thursday, May 25th that permits the company to buyback 1,000% of shares. This buyback authorization permits the pipeline company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.

Earnings History for Frank`s International N.V. (NYSE:FI)

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