The Frank’s International NV (FI) Rating Reiterated by Evercore ISI

The Frank’s International NV (FI) Rating Reiterated by Evercore ISI

Frank’s International NV (NYSE:FI)‘s stock had its “hold” rating reiterated by Evercore ISI in a research report issued to clients and investors on Monday. They currently have a $9.00 target price on the stock. Evercore ISI’s price target points to a potential downside of 32.02% from the company’s current price.

Other research analysts have also issued reports about the stock. Scotiabank reiterated a “sector perform” rating and issued a $14.00 target price (down from $17.00) on shares of Frank’s International NV in a research note on Sunday, July 31st. JPMorgan Chase & Co. began coverage on shares of Frank’s International NV in a research note on Wednesday, June 22nd. They issued a “neutral” rating and a $13.00 target price on the stock. Seaport Global Securities reiterated a “neutral” rating on shares of Frank’s International NV in a research note on Friday, August 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $16.00 target price (down from $18.00) on shares of Frank’s International NV in a research note on Thursday, June 30th. Finally, Howard Weil lowered their target price on shares of Frank’s International NV from $14.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 29th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.73.

Shares of Frank’s International NV (NYSE:FI) opened at 13.24 on Monday. Frank’s International NV has a 52-week low of $10.91 and a 52-week high of $18.14. The stock’s 50 day moving average price is $12.25 and its 200-day moving average price is $14.35. The firm’s market cap is $2.07 billion.

Frank’s International NV (NYSE:FI) last released its quarterly earnings results on Thursday, July 28th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.13. The business had revenue of $121 million for the quarter, compared to the consensus estimate of $142.41 million. Frank’s International NV had a negative net margin of 1.14% and a positive return on equity of 1.00%. The firm’s revenue for the quarter was down 52.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. On average, equities research analysts anticipate that Frank’s International NV will post ($0.41) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 16th. Investors of record on Wednesday, August 31st were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend was Monday, August 29th. Frank’s International NV’s dividend payout ratio is currently -600.00%.

In other news, major shareholder Donald E. Mosing purchased 41,000 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was purchased at an average cost of $12.15 per share, with a total value of $498,150.00. Following the acquisition, the insider now directly owns 91,000 shares of the company’s stock, valued at approximately $1,105,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 77.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in FI. Eqis Capital Management Inc. increased its position in shares of Frank’s International NV by 0.6% in the second quarter. Eqis Capital Management Inc. now owns 19,621 shares of the company’s stock valued at $287,000 after buying an additional 125 shares in the last quarter. Boston Private Wealth LLC increased its position in shares of Frank’s International NV by 5.5% in the second quarter. Boston Private Wealth LLC now owns 16,126 shares of the company’s stock valued at $236,000 after buying an additional 842 shares in the last quarter. I.G. Investment Management LTD. increased its position in shares of Frank’s International NV by 9.4% in the second quarter. I.G. Investment Management LTD. now owns 10,061 shares of the company’s stock valued at $147,000 after buying an additional 861 shares in the last quarter. Rhumbline Advisers increased its position in shares of Frank’s International NV by 4.0% in the second quarter. Rhumbline Advisers now owns 25,339 shares of the company’s stock valued at $370,000 after buying an additional 980 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Frank’s International NV by 2.0% in the second quarter. Swiss National Bank now owns 66,500 shares of the company’s stock valued at $972,000 after buying an additional 1,300 shares in the last quarter. 26.85% of the stock is owned by hedge funds and other institutional investors.

Frank’s International NV Company Profile

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