Frank’s International N.V. (FI) Receives Equal Weight Rating from Capital One Financial Corporation

Capital One Financial Corporation restated their equal weight rating on shares of Frank’s International N.V. (NYSE:FI) in a research report released on Monday, August 7th. Capital One Financial Corporation also issued estimates for Frank’s International N.V.’s Q4 2017 earnings at ($0.11) EPS, FY2017 earnings at ($0.46) EPS, Q1 2018 earnings at ($0.10) EPS, Q2 2018 earnings at ($0.10) EPS, Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at ($0.08) EPS and FY2018 earnings at ($0.37) EPS.

Other analysts also recently issued research reports about the stock. Seaport Global Securities downgraded shares of Frank’s International N.V. from a neutral rating to a sell rating and reduced their price target for the company from $7.00 to $6.00 in a research report on Wednesday, June 21st. Piper Jaffray Companies set a $8.00 price objective on shares of Frank’s International N.V. and gave the company a hold rating in a research note on Monday, August 7th. Jefferies Group LLC reissued a hold rating and issued a $10.50 price objective on shares of Frank’s International N.V. in a research note on Tuesday, June 6th. Barclays PLC set a $9.00 price objective on shares of Frank’s International N.V. and gave the company a hold rating in a research note on Monday, May 8th. Finally, BidaskClub raised shares of Frank’s International N.V. from a sell rating to a hold rating in a research note on Friday, June 30th. Six equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The stock currently has an average rating of Hold and an average target price of $9.77.

Frank’s International N.V. (NYSE:FI) traded up 1.13% during mid-day trading on Monday, hitting $6.27. 1,898,028 shares of the stock were exchanged. The firm’s market cap is $1.40 billion. The company has a 50 day moving average price of $7.85 and a 200 day moving average price of $9.29. Frank’s International N.V. has a 52-week low of $6.11 and a 52-week high of $14.86.

Frank’s International N.V. (NYSE:FI) last released its quarterly earnings results on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing the consensus estimate 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 business had revenue of $117.70 million during the quarter, compared to analysts’ expectations of $113.41 million. During the same quarter last year, the company earned ($0.20) EPS. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts anticipate that Frank’s International N.V. will post ($0.43) EPS for the current year.

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Frank’s International N.V. declared that its board has authorized a share buyback program on Thursday, May 25th that authorizes the company to buyback 1,000% of outstanding shares. This buyback authorization authorizes the pipeline company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be paid a dividend of $0.075 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.78%. Frank’s International N.V.’s dividend payout ratio (DPR) is presently -40.00%.

In related news, major shareholder Keith Mosing Family Par Donald sold 1,000,000 shares of the business’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 sale, the insider now directly owns 7,302,720 shares in the company, valued at approximately $48,709,142.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director D. Keith Mosing sold 500,000 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $6.67, for a total transaction of $3,335,000.00. Following the completion of the sale, the director now owns 796,300 shares in the company, valued at $5,311,321. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,514,800 shares of company stock worth $10,129,320. Corporate insiders own 77.90% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FI. State Street Corp raised its position in Frank’s International N.V. by 17.5% in the fourth quarter. State Street Corp now owns 877,548 shares of the pipeline company’s stock worth $10,803,000 after buying an additional 130,611 shares during the period. Dimensional Fund Advisors LP raised 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. Norges Bank purchased a new position in Frank’s International N.V. during the fourth quarter worth about $5,008,000. Quadrature Capital Ltd purchased a new position in Frank’s International N.V. during the fourth quarter worth about $253,000. Finally, Kelman Lazarov Inc. raised its position in Frank’s International N.V. by 50.0% in the first quarter. Kelman Lazarov Inc. now owns 11,250 shares of the pipeline company’s stock worth $119,000 after buying an additional 3,750 shares during the period. Institutional investors and hedge funds own 29.49% of the company’s stock.

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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