Frank’s International N.V. (NYSE:FI) Receives Hold Rating from Jefferies Group LLC

Jefferies Group LLC restated their hold rating on shares of Frank’s International N.V. (NYSE:FI) in a research note published on Monday, October 16th. Jefferies Group LLC currently has a $8.00 target price on the pipeline company’s stock. Jefferies Group also issued estimates for Frank’s International N.V.’s FY2017 earnings at ($0.43) EPS, Q1 2018 earnings at ($0.10) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.05) EPS, FY2018 earnings at ($0.30) EPS, FY2019 earnings at ($0.05) EPS and FY2020 earnings at $0.20 EPS.

A number of other equities analysts also recently issued reports on the stock. Deutsche Bank AG began coverage on shares of Frank’s International N.V. in a report on Tuesday, October 10th. They issued a hold rating and a $7.00 price objective on the stock. Royal Bank Of Canada set a $10.00 price objective on shares of Frank’s International N.V. and gave the stock a buy rating in a report on Sunday, October 8th. JPMorgan Chase & Co. downgraded shares of Frank’s International N.V. from a neutral rating to an underweight rating and set a $7.00 price target on the stock. in a report on Wednesday, September 27th. BidaskClub downgraded shares of Frank’s International N.V. from a sell rating to a strong sell rating in a report on Thursday, August 17th. Finally, Seaport Global Securities reissued a neutral rating on shares of Frank’s International N.V. in a report on Tuesday, August 8th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. Frank’s International N.V. presently has a consensus rating of Hold and a consensus price target of $8.40.

Frank’s International N.V. (FI) opened at 6.45 on Monday. The firm has a 50-day moving average price of $7.31 and a 200 day moving average price of $7.86. The firm’s market capitalization is $1.44 billion. Frank’s International N.V. has a 52-week low of $6.04 and a 52-week high of $13.57.

Frank’s International N.V. (NYSE:FI) last released its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.02). Frank’s International N.V. had a negative net margin of 35.28% and a negative return on equity of 8.97%. The firm had revenue of $117.70 million for the quarter, compared to the consensus estimate of $113.41 million. During the same quarter in the prior year, the business posted ($0.20) earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. Analysts forecast that Frank’s International N.V. will post ($0.42) EPS for the current year.

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In other Frank’s International N.V. news, major shareholder G. Mosing Family L.L. Kendall sold 1,500,000 shares of the stock in a transaction dated 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 sale, the insider now directly 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 SEC, which is accessible through this link. Also, SVP Alejandro Cestero sold 7,355 shares of the company’s stock in a transaction dated 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 owns 2,442 shares in the company, valued at approximately $16,630.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,907,355 shares of company stock valued at $33,779,088. 77.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC increased its holdings in Frank’s International N.V. by 10,360.6% in the 2nd quarter. Citadel Advisors LLC now owns 1,260,082 shares of the pipeline company’s stock worth $10,446,000 after buying an additional 1,248,036 shares during the period. Point72 Asset Management L.P. acquired a new position in Frank’s International N.V. in the 1st quarter worth approximately $6,420,000. FMR LLC increased its holdings in Frank’s International N.V. by 7.1% in the 1st quarter. FMR LLC now owns 6,572,547 shares of the pipeline company’s stock worth $69,471,000 after buying an additional 437,765 shares during the period. State Street Corp increased its holdings in Frank’s International N.V. by 39.2% in the 2nd quarter. State Street Corp now owns 1,420,473 shares of the pipeline company’s stock worth $11,779,000 after buying an additional 399,679 shares during the period. Finally, Northern Trust Corp increased its holdings in Frank’s International N.V. by 128.9% in the 2nd quarter. Northern Trust Corp now owns 648,873 shares of the pipeline company’s stock worth $5,378,000 after buying an additional 365,398 shares during the period. Hedge funds and other institutional investors own 30.37% of the company’s stock.

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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