Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Frank’s International N.V. (FI) Stock Price
News headlines about Frank’s International N.V. (NYSE:FI) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Frank’s International N.V. earned a news sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the pipeline company an impact score of 46.8628855626155 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of research firms have recently issued reports on FI. Scotiabank set a $13.00 target price on shares of Frank’s International N.V. and gave the company a “hold” rating in a research note on Tuesday, August 8th. Capital One Financial Corporation restated an “equal weight” rating on shares of Frank’s International N.V. in a research report on Monday, August 7th. Jefferies Group LLC restated a “hold” rating and issued a $10.50 price objective on shares of Frank’s International N.V. in a research report on Tuesday, June 6th. Piper Jaffray Companies set a $8.00 price objective on shares of Frank’s International N.V. and gave the stock a “hold” rating in a research report on Monday, August 7th. 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. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the stock. Frank’s International N.V. has an average rating of “Hold” and an average target price of $9.38.
Frank’s International N.V. (FI) traded up 1.32% during mid-day trading on Friday, reaching $7.67. 790,067 shares of the company’s stock were exchanged. The firm’s market cap is $1.71 billion. Frank’s International N.V. has a 12 month low of $6.04 and a 12 month high of $14.86. The stock has a 50-day moving average of $6.90 and a 200-day moving average of $8.39.
Frank’s International N.V. (NYSE:FI) last released its quarterly earnings results on Monday, August 7th. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.02). The business 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 revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.20) EPS. Analysts anticipate that Frank’s International N.V. will post ($0.42) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Tuesday, August 29th. Frank’s International N.V.’s payout ratio is currently -40.00%.
In other news, major shareholder G. Mosing Family L.L. Kendall sold 1,500,000 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $7.25, for a total transaction of $10,875,000.00. Following the completion of the transaction, the insider now owns 11,724,888 shares of the company’s stock, valued at $85,005,438. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Alejandro Cestero sold 7,355 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $6.81, for a total transaction of $50,087.55. Following the transaction, the senior vice president now directly owns 2,442 shares of the company’s stock, valued at approximately $16,630.02. The disclosure for this sale can be found here. Insiders have sold 4,907,355 shares of company stock valued at $33,779,088 in the last ninety days. Insiders own 77.90% 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.
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