Weekly Analysts’ Ratings Changes for Frank’s International N.V. (FI)

A number of firms have modified their ratings and price targets on shares of Frank’s International N.V. (NYSE: FI) recently:

  • 11/10/2017 – Frank’s International N.V. had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $5.50 price target on the stock.
  • 11/7/2017 – Frank’s International N.V. was downgraded by analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating.
  • 11/7/2017 – Frank’s International N.V. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Frank’s International N.V. is a provider of engineered tubular services to the oil and gas industry. Its tubular services include the handling and installation of multiple joints of pipe to establish a cased wellbore; and the installation of smaller diameter pipe inside a cased wellbore to provide a conduit for produced oil and gas to reach the surface. The Company provides its services to exploration and production companies in both offshore and onshore environments, with a focus on complex and technically demanding wells. Frank’s International N.V. is based in Amsterdam, the Netherlands. “
  • 11/3/2017 – Frank’s International N.V. had its price target lowered by analysts at Jefferies Group LLC from $8.00 to $7.50. They now have a “hold” rating on the stock.
  • 11/3/2017 – Frank’s International N.V. had its “hold” rating reaffirmed by analysts at Scotiabank. They now have a $12.00 price target on the stock.
  • 10/22/2017 – Frank’s International N.V. had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 10/16/2017 – Frank’s International N.V. had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $8.00 price target on the stock.
  • 10/10/2017 – Frank’s International N.V. is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $7.00 price target on the stock.
  • 10/8/2017 – Frank’s International N.V. was given a new $10.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 10/5/2017 – Frank’s International N.V. was given a new $9.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.
  • 9/27/2017 – Frank’s International N.V. was downgraded by analysts at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating. They now have a $7.00 price target on the stock.

Shares of Frank’s International N.V. (NYSE:FI) traded down $0.12 during mid-day trading on Tuesday, reaching $6.44. 491,800 shares of the company’s stock were exchanged, compared to its average volume of 1,179,657. Frank’s International N.V. has a 12-month low of $6.03 and a 12-month high of $13.57.

Frank’s International N.V. (NYSE:FI) last announced its quarterly earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $120.42 million. Frank’s International N.V. had a negative net margin of 26.21% and a negative return on equity of 9.25%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share. equities research analysts expect that Frank’s International N.V. will post -0.45 EPS for the current year.

In other Frank’s International N.V. news, SVP Alejandro Cestero sold 7,355 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $6.81, for a total value of $50,087.55. Following the transaction, the senior vice president now directly owns 2,442 shares of the company’s stock, valued at approximately $16,630.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director D. Keith Mosing sold 350,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $7.25, for a total transaction of $2,537,500.00. Following the completion of the transaction, the director now directly owns 446,300 shares in the company, valued at $3,235,675. The disclosure for this sale can be found here. Insiders sold a total of 4,520,355 shares of company stock valued at $31,210,668 in the last quarter. Corporate insiders own 77.90% of the company’s stock.

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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