Media headlines about Frank’s International N.V. (NYSE:FI) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Frank’s International N.V. earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned headlines about the pipeline company an impact score of 46.0434793642641 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Analyzing Frank’s International N.V. (FI) and The Competition (americanbankingnews.com)
- Frank’s International N.V. (FI) Major Shareholder Wbm Partnership, Lp Sells 450,000 Shares (americanbankingnews.com)
- Frank’s International NV breached its 50 day moving average in a Bullish Manner : FI-US : September 14, 2017 (finance.yahoo.com)
- Frank’s International N.V. (FI) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Alejandro Cestero Sells 7,355 Shares of Franks International NV (FI) Stock (americanbankingnews.com)
Shares of Frank’s International N.V. (FI) traded up 1.20% during midday trading on Friday, hitting $7.59. 1,835,262 shares of the stock were exchanged. The stock’s 50-day moving average price is $6.93 and its 200 day moving average price is $8.50. Frank’s International N.V. has a one year low of $6.04 and a one year high of $14.86. The stock’s market cap is $1.69 billion.
Frank’s International N.V. (NYSE:FI) last posted its quarterly earnings data on Monday, August 7th. The pipeline company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $117.70 million for the quarter, compared to analysts’ expectations of $113.41 million. During the same period in the prior year, the company posted ($0.20) earnings per share. Frank’s International N.V.’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, analysts anticipate that Frank’s International N.V. will post ($0.42) earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Tuesday, August 29th. Frank’s International N.V.’s dividend payout ratio is presently -40.00%.
Frank’s International N.V. announced that its board has approved a share repurchase plan on Thursday, May 25th that permits the company to buyback 1,000% of shares. This buyback authorization permits the pipeline company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
Several research firms have weighed in on FI. Seaport Global Securities restated a “neutral” rating on shares of Frank’s International N.V. in a report on Tuesday, August 8th. Capital One Financial Corporation restated an “equal weight” rating on shares of Frank’s International N.V. in a report on Monday, August 7th. Scotiabank set a $13.00 target price on shares of Frank’s International N.V. and gave the company a “hold” rating in a report on Tuesday, August 8th. Piper Jaffray Companies set a $8.00 target price on shares of Frank’s International N.V. and gave the company a “hold” rating in a report on Monday, August 7th. Finally, J P Morgan Chase & Co dropped their target price on shares of Frank’s International N.V. from $9.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, September 12th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $9.38.
TRADEMARK VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Frank’s International N.V. (FI) Stock Price” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/09/17/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-franks-international-n-v-fi-stock-price.html.
In other news, 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 stock was sold at an average price of $6.67, for a total value of $6,670,000.00. Following the transaction, the insider now owns 7,302,720 shares in the company, valued at approximately $48,709,142.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Wbm Partnership, Lp sold 450,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $7.49, for a total value of $3,370,500.00. Following the completion of the transaction, the insider now owns 8,653,867 shares in the company, valued at approximately $64,817,463.83. The disclosure for this sale can be found here. Insiders have sold 3,407,355 shares of company stock valued at $22,904,088 over the last ninety days. Insiders own 77.90% 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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