Health Care

Frank's International NV (FI) Shares Bought by Dimensional Fund Advisors LP

Royal Bank Of Canada now has a $10.00 target price on the pipeline company's stock.

Many analysts have quite recently weighed in on FI.

Frank's worldwide N.V. declared that its board has approved a share repurchase program on Thursday, May 25th that permits the company to repurchase 1,000% of shares. BidaskClub lowered the stock of Frank's worldwide N.V. from a "sell" recommendation to a "strong sell" recommendation in a analysis note on early Thur, Aug 17th.

In the last reported quarter, Frank's worldwide N.V. reported its Actual EPS (earnings per share) of $-0.12/share where most of the analysts working on this stock were estimating the EPS to be $-0.11/share. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The stock now has a consensus recommendation of "Hold" and an consensus price target of $9.63. Company's market valuation is $1.48 B. Frank's worldwide N.V. has a 52 week low of $6.04 and a 52 week high of $14.86. (NYSE FI) opened at 6.64 on Thursday. The 50 day moving average went down by -8.46% and the 200 day average went down $-2.09 or -23.90%.

Frank's worldwide N.V. (NYSE:FI) opened its previous trading session at $6.62 later Inclining 0.91% to close its trade at a share price of $6.64. (NYSE:FI) last posted its 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. The firm had revenue of $117.70 million for the quarter, compared to analyst estimates of $113.41 million. During the same quarter in the previous year, the company earned ($0.20) earnings per share. On average, analysts anticipate that Frank's worldwide N.V. will post ($0.42) EPS for the current year. Seaport Global Securities lowered Frank's worldwide N.V. from a "neutral" rating to a "sell" rating and decreased their target price for the company from $7.00 to $6.00 in a research report on Wednesday, June 21st.

More news: Which Analysts Are Watching KapStone Paper And Packaging Corporation (NYSE:KS)?

ILLEGAL ACTIVITY WARNING: This piece of content was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/royal-bank-of-canada-reaffirms-buy-rating-for-franks-international-n-v-fi/1571192.html. Investors of record on Thursday, August 31st will be given a $0.075 dividend. The ex-dividend date was Tuesday the 29th of August 2017. The dividend was $0.075 per share for the quarter which is $0.30 annualized.

On August 25, 2017 the stock rating was set at "Outperform" by RBC Capital up from the previous "Sector Perform" rating. This repurchase authorization permits the pipeline company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued. Also, large stockholder Keith Mosing Family Par Donald unloaded 1,000,000 stocks of the firms shares in a trade dated Thurs, Aug 10th. The shares were sold at an average price of $6.67, for a total value of $3,335,000.00. California Public Employees Retirement System has an ownership of 19,300 stocks of the pipeline firms shares valued $204,000 after scooping up an extra 1,300 shares through out the quarter. The information was declared in a document with the SEC which is accessible through the Security and Exchange Commission website. The stock was sold at an average price of $6.67, for a total transaction of $3,335,000.00. Following the transaction, the insider now owns 9,403,867 shares in the company, valued at approximately $59,902,632.79. The disclosure for this sale can be found here. Insiders sold 2,014,800 shares of company stock valued at $13,259,320 over the last quarter. Instead, they should also do their own research-such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC-to confirm whether a particular investment is appropriate for them in light of their individual financial circumstances.

Many other investment firms and many large funds also adjusted their holdings of FI. California Public Employees Retirement System grew its stake in stocks of Frank's worldwide N.V.by 7.2% through out the 1st period. The stock stands almost -56.66% off versus the 52-week high and 6.71% away from the 52-week low. Massachusetts Financial Services Co. MA now owns 4,609,972 shares of the pipeline company's stock valued at $48,727,000 after acquiring an additional 2,490,837 shares during the period.

The current market capitalization of Frank's global N.V. (NYSE:FI) stands at 1.48 Billion. The fund owned 28,906 shares of the pipeline company's stock after selling 17,374 shares during the period. Hotchkis & Wiley Capital Management LLC now owns 2,969,690 shares of the pipeline company's stock valued at $31,390,000 after purchasing an additional 576,950 shares in the last quarter. The company presently has an average rating of "Hold" and an average target price of $9.63. Institutional investors and hedge funds own 30.38% of the company's stock. The Business's tubular services involve 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 operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.



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