Frank’s International N.V. (FI) Stock Rating Upgraded by BidaskClub

Frank’s International N.V. (NYSE:FI) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Frank’s International N.V. from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Wednesday, March 1st. Morgan Stanley reduced their price objective on Frank’s International N.V. from $14.00 to $13.00 and set an “equal weight” rating on the stock in a report on Monday, May 8th. Barclays PLC set a $9.00 price objective on Frank’s International N.V. and gave the stock a “hold” rating in a report on Monday, May 8th. Guggenheim downgraded Frank’s International N.V. from a “buy” rating to a “hold” rating in a report on Wednesday, March 1st. Finally, Scotiabank set a $14.00 price objective on Frank’s International N.V. and gave the stock a “hold” rating in a report on Friday, February 24th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $12.32.

Analyst Recommendations for Frank`s International N.V. (NYSE:FI)

Shares of Frank’s International N.V. (NYSE FI) opened at 8.26 on Tuesday. Frank’s International N.V. has a 52 week low of $7.02 and a 52 week high of $16.49. The firm’s 50-day moving average price is $8.29 and its 200 day moving average price is $10.78. The company’s market cap is $1.84 billion.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, June 16th. Stockholders of record on Friday, June 2nd will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Wednesday, May 31st. Frank’s International N.V.’s dividend payout ratio (DPR) is currently -36.14%.

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In other news, Director D. Keith Mosing sold 30,000 shares of the stock in a transaction on Monday, May 8th. The stock was sold at an average price of $8.45, for a total value of $253,500.00. Following the transaction, the director now owns 1,296,300 shares of the company’s stock, valued at approximately $10,953,735. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Steven B. Mosing sold 2,000,000 shares of the stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $9.00, for a total value of $18,000,000.00. The disclosure for this sale can be found here. In the last three months, insiders bought 50,000 shares of company stock worth $494,100 and sold 2,480,000 shares worth $22,047,000. Corporate insiders own 77.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of FI. Norges Bank bought a new position in Frank’s International N.V. during the fourth quarter worth $5,008,000. Boston Private Wealth LLC increased its position in 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 worth $412,000 after buying an additional 4,208 shares during the period. Anchor Capital Advisors LLC bought a new position in Frank’s International N.V. during the first quarter worth $121,000. Dimensional Fund Advisors LP increased its position 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 period. Finally, Laurion Capital Management LP bought a new position in Frank’s International N.V. during the first quarter worth $6,310,000. 30.24% of the stock is currently owned by institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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