Frank’s International N.V. (FI) Downgraded by Seaport Global Securities

Seaport Global Securities downgraded shares of Frank’s International N.V. (NYSE:FI) from a neutral rating to a sell rating in a report published on Wednesday, MarketBeat Ratings reports. The firm currently has $6.00 price target on the pipeline company’s stock, down from their prior price target of $7.00.

Several other brokerages have also recently issued reports on FI. 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. Zacks Investment Research upgraded shares of Frank’s International N.V. from a hold rating to a buy rating and set a $14.00 price target on the stock in a research report on Wednesday, March 1st. Scotiabank set a $14.00 price target on shares of Frank’s International N.V. and gave the company a hold rating in a research report on Friday, February 24th. Tudor Pickering started coverage on shares of Frank’s International N.V. in a research report on Thursday, March 23rd. They set a hold rating on the stock. Finally, Morgan Stanley cut shares of Frank’s International N.V. from an equal weight rating to an underweight rating and reduced their price target for the company from $13.00 to $9.00 in a research report on Wednesday, June 21st. Seven investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The stock presently has an average rating of Hold and an average target price of $10.50.

Shares of Frank’s International N.V. (FI) traded up 1.03% on Wednesday, hitting $7.86. The stock had a trading volume of 362,656 shares. The company’s market capitalization is $1.75 billion. Frank’s International N.V. has a 1-year low of $7.02 and a 1-year high of $16.49. The firm has a 50-day moving average of $8.19 and a 200 day moving average of $10.64.

Frank’s International N.V. (NYSE:FI) last issued its quarterly earnings data on Tuesday, May 2nd. The pipeline company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). The firm had revenue of $110.73 million during the quarter, compared to the consensus estimate of $107.79 million. Frank’s International N.V. had a negative net margin of 36.25% and a negative return on equity of 8.41%. The firm’s revenue for the quarter was down 27.9% on a year-over-year basis. On average, equities analysts anticipate that Frank’s International N.V. will post ($0.40) earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 16th. Shareholders of record on Friday, June 2nd were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Wednesday, May 31st. Frank’s International N.V.’s dividend payout ratio (DPR) is presently -36.14%.

In other news, major shareholder Wbm Partnership, Lp sold 14,800 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $8.40, for a total transaction of $124,320.00. Following the sale, the insider now owns 9,903,867 shares in the company, valued at $83,192,482.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Keith Mosing Family Par Donald sold 450,000 shares of the stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $8.43, for a total transaction of $3,793,500.00. Following the sale, the insider now owns 9,802,720 shares in the company, valued at approximately $82,636,929.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 494,800 shares of company stock worth $4,171,320. Corporate insiders own 77.90% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in Frank’s International N.V. by 17.5% in the fourth quarter. State Street Corp now owns 877,548 shares of the pipeline company’s stock worth $10,803,000 after buying an additional 130,611 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Frank’s International N.V. by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 479,530 shares of the pipeline company’s stock worth $5,903,000 after buying an additional 14,721 shares during the last quarter. FMR LLC boosted its stake in Frank’s International N.V. by 18.1% in the fourth quarter. FMR LLC now owns 6,134,782 shares of the pipeline company’s stock worth $75,519,000 after buying an additional 938,144 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in Frank’s International N.V. during the fourth quarter worth approximately $348,000. Finally, Norges Bank purchased a new stake in Frank’s International N.V. during the fourth quarter worth approximately $5,008,000. Hedge funds and other institutional investors own 30.24% 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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