News coverage about Frank’s International N.V. (NYSE:FI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public 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 impact score of 0.11 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 44.7973854391289 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Frank’s International N.V. (NYSE:FI) traded up 2.87% during trading on Monday, hitting $6.81. 1,110,487 shares of the stock were exchanged. The stock has a 50-day moving average of $7.03 and a 200 day moving average of $8.62. Frank’s International N.V. has a 12-month low of $6.03 and a 12-month high of $14.86. The stock’s market cap is $1.52 billion.
Frank’s International N.V. (NYSE:FI) last posted its quarterly earnings data 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 company had revenue of $117.70 million for the quarter, compared to analyst estimates of $113.41 million. Frank’s International N.V. had a negative return on equity of 8.97% and a negative net margin of 35.28%. Frank’s International N.V.’s quarterly revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.20) EPS. Equities analysts predict that Frank’s International N.V. will post ($0.42) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be issued a dividend of $0.075 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.30 annualized dividend and a yield of 4.53%. Frank’s International N.V.’s payout ratio is presently -40.00%.
Frank’s International N.V. declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 25th that allows the company to repurchase 1,000% of outstanding shares. This repurchase authorization allows the pipeline company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.
A number of brokerages have commented on FI. Seaport Global Securities downgraded shares of Frank’s International N.V. from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $7.00 to $6.00 in a research report on Wednesday, June 21st. 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. Jefferies Group LLC restated a “hold” rating and set a $10.50 price objective on shares of Frank’s International N.V. in a research report on Tuesday, June 6th. Morgan Stanley downgraded shares of Frank’s International N.V. from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $13.00 to $9.00 in a research report on Wednesday, June 21st. Finally, Royal Bank Of Canada restated a “buy” rating and set a $10.00 price objective on shares of Frank’s International N.V. in a research report on Friday, September 1st. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.63.
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In other news, major shareholder Wbm Partnership, Lp sold 250,000 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $6.15, for a total value of $1,537,500.00. Following the transaction, the insider now owns 9,807,351 shares in the company, valued at approximately $60,315,208.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Keith Mosing Family Par Donald sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $6.67, for a total value of $6,670,000.00. Following the completion of the transaction, the insider now owns 7,302,720 shares in the company, valued at approximately $48,709,142.40. The disclosure for this sale can be found here. Insiders sold a total of 2,964,800 shares of company stock worth $19,607,820 in the last quarter. 77.90% of the stock is owned by corporate insiders.
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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