Frank’s International (FI) Given a $7.00 Price Target at Royal Bank of Canada

Frank’s International (NYSE:FI) has been assigned a $7.00 price target by equities researchers at Royal Bank of Canada in a report released on Thursday. The brokerage currently has a “buy” rating on the pipeline company’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 4.95% from the company’s current price.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Frank’s International from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Piper Jaffray Companies reissued a “hold” rating and issued a $5.50 target price on shares of Frank’s International in a report on Friday, November 10th. Jefferies Group set a $9.00 target price on Frank’s International and gave the company a “hold” rating in a report on Thursday, October 5th. Scotiabank reissued a “hold” rating and issued a $12.00 target price on shares of Frank’s International in a report on Friday, November 3rd. Finally, J P Morgan Chase & Co lowered Frank’s International from a “neutral” rating to an “underweight” rating and set a $7.00 target price on the stock. in a report on Wednesday, September 27th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. Frank’s International presently has an average rating of “Hold” and a consensus target price of $7.67.

Frank’s International (NYSE:FI) traded up $0.58 during trading hours on Thursday, reaching $6.67. The company’s stock had a trading volume of 1,303,000 shares, compared to its average volume of 1,172,017. Frank’s International has a one year low of $5.79 and a one year high of $13.00.

Frank’s International (NYSE:FI) last released its quarterly earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). Frank’s International had a negative return on equity of 9.25% and a negative net margin of 26.21%. The company had revenue of $108.08 million for the quarter, compared to analysts’ expectations of $120.42 million. During the same period in the prior year, the firm earned ($0.14) earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. sell-side analysts predict that Frank’s International will post -0.45 EPS for the current fiscal year.

In other Frank’s International news, Director D. Keith Mosing sold 350,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $7.25, for a total value of $2,537,500.00. Following the completion of the transaction, the director now directly owns 446,300 shares of the company’s stock, valued at $3,235,675. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Frank Mosing Family L. Michael sold 45,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $7.28, for a total transaction of $327,600.00. Following the completion of the transaction, the insider now directly owns 9,273,667 shares of the company’s stock, valued at $67,512,295.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,495,982 shares of company stock valued at $27,817,366. 77.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of FI. Citigroup Inc. increased its stake in shares of Frank’s International by 726.2% during the 2nd quarter. Citigroup Inc. now owns 12,162 shares of the pipeline company’s stock worth $101,000 after purchasing an additional 10,690 shares in the last quarter. Legal & General Group Plc grew its stake in Frank’s International by 567.8% in the 2nd quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock worth $118,000 after acquiring an additional 12,163 shares during the period. Gagnon Securities LLC purchased a new stake in Frank’s International in the 3rd quarter worth approximately $124,000. M&T Bank Corp purchased a new stake in Frank’s International in the 2nd quarter worth approximately $138,000. Finally, Voya Investment Management LLC grew its stake in Frank’s International by 88.4% in the 2nd quarter. Voya Investment Management LLC now owns 21,717 shares of the pipeline company’s stock worth $180,000 after acquiring an additional 10,192 shares during the period. 31.48% of the stock is owned by institutional investors and hedge funds.

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About Frank’s International

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 (NYSE:FI)

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