Frank’s International N.V. (NYSE:FI)‘s stock had its “neutral” rating reiterated by equities research analysts at Seaport Global Securities in a research note issued to investors on Tuesday. Seaport Global Securities also issued estimates for Frank’s International N.V.’s Q3 2017 earnings at ($0.11) EPS, Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.45) EPS, Q1 2018 earnings at ($0.09) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.06) EPS, FY2018 earnings at ($0.30) EPS, Q1 2019 earnings at ($0.05) EPS, Q2 2019 earnings at ($0.04) EPS and FY2019 earnings at ($0.15) EPS.

Several other research firms have also weighed in 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 report on Wednesday, April 26th. Zacks Investment Research lowered shares of Frank’s International N.V. from a “hold” rating to a “strong sell” rating in a research report on Monday, May 1st. 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. 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. Finally, BidaskClub upgraded shares of Frank’s International N.V. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Five investment analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $9.77.

Shares of Frank’s International N.V. (FI) opened at 7.01 on Tuesday. The stock’s 50 day moving average is $8.09 and its 200-day moving average is $9.56. The firm’s market cap is $1.56 billion. Frank’s International N.V. has a 1-year low of $6.92 and a 1-year high of $14.86.

Frank’s International N.V. (NYSE:FI) last posted its quarterly earnings results on Monday, August 7th. The pipeline company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. The company had revenue of $117.70 million for the quarter, compared to the consensus estimate of $113.41 million. Frank’s International N.V. had a negative net margin of 35.28% and a negative return on equity of 8.97%. Frank’s International N.V.’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) EPS. Analysts expect that Frank’s International N.V. will post ($0.41) earnings per share for the current year.

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

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In other 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 value of $124,320.00. Following the sale, the insider now directly owns 9,903,867 shares of the company’s stock, 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 large investors have recently made changes to their positions in FI. BlueCrest Capital Management Ltd purchased a new stake in shares of Frank’s International N.V. during the first quarter worth about $116,000. Legal & General Group Plc increased 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 worth $118,000 after buying an additional 12,163 shares during the last quarter. Kelman Lazarov Inc. increased 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 worth $119,000 after buying an additional 3,750 shares during the last quarter. Boyer & Corporon Wealth Management LLC purchased a new stake in shares of Frank’s International N.V. during the first quarter worth about $120,000. Finally, Anchor Capital Advisors LLC purchased a new stake in shares of Frank’s International N.V. during the first quarter worth about $121,000. 30.12% of the stock is currently owned by hedge funds and other institutional investors.

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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