Frank’s International N.V. (NYSE:FI) is expected to pay $0.08 on Dec 15, 2016. The indicated annual dividend is $0.30. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on Frank’s International N.V.’s current price of $11.47, the dividend is 0.65%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 4, 2016. The stock increased 2.23% or $0.25 on November 18, hitting $11.47. Franks International NV (NYSE:FI) has declined 30.95% since April 19, 2016 and is downtrending. It has underperformed by 34.81% the S&P500.
Frank’s International N.V. is a provider of engineered tubular services to the gas and oil industry. The company has a market cap of $2.60 billion. The Firm operates through three business divisions: International Services, U.S. It currently has negative earnings. Services and Tubular Sales.
Insitutional Activity: The institutional sentiment increased to 1.05 in 2016 Q2. Its up 0.01, from 1.04 in 2016Q1. The ratio increased, as 25 funds sold all Franks International NV shares owned while 43 reduced positions. 23 funds bought stakes while 48 increased positions. They now own 41.40 million shares or 16.53% more from 35.53 million shares in 2016Q1.
Tiaa Cref Mgmt Ltd Liability Corp reported 277,199 shares or 0% of all its holdings. Schwab Charles Mgmt holds 0% or 70,426 shares in its portfolio. Eqis Inc holds 0.02% or 19,621 shares in its portfolio. Moreover, Sterneck Capital Mgmt Limited Liability has 0.75% invested in Franks International NV (NYSE:FI) for 76,700 shares. Clearbridge Invests Limited Company reported 184,647 shares or 0% of all its holdings. Spark Inv Limited Liability Corporation holds 0.17% or 121,500 shares in its portfolio. Wells Fargo Communication Mn owns 99,831 shares or 0% of their US portfolio. Massachusetts Ser Com Ma accumulated 1.98 million shares or 0.01% of the stock. Energ Opportunities Cap Lc has 406,003 shares for 1.79% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% of its portfolio in Franks International NV (NYSE:FI). Price T Rowe Associate Md has invested 0% of its portfolio in Franks International NV (NYSE:FI). Picton Mahoney Asset last reported 0% of its portfolio in the stock. Nationwide Fund Advisors last reported 128,591 shares in the company. California Public Employees Retirement Sys holds 17,500 shares or 0% of its portfolio. State Teachers Retirement last reported 0% of its portfolio in the stock.
Insider Transactions: Since August 5, 2016, the stock had 1 buying transaction, and 0 selling transactions for $498,298 net activity. 41,000 shares with value of $498,298 were bought by Mosing Donald E. on Friday, August 5.
Franks International NV (NYSE:FI) Ratings Coverage
Out of 14 analysts covering Frank’s International N.V. (NYSE:FI), 2 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 14% are positive. Frank’s International N.V. has been the topic of 29 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was downgraded on Wednesday, June 29 by Evercore. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, November 4 report. On Wednesday, November 2 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, April 28 report. Credit Suisse downgraded the stock to “Neutral” rating in Wednesday, November 4 report. The stock has “Hold” rating given by Gabelli on Friday, October 16. RBC Capital Markets maintained it with “Sector Perform” rating and $16 target price in Thursday, June 30 report. The stock has “Sector Perform” rating given by Howard Weil on Wednesday, November 4. RBC Capital Markets maintained the shares of FI in a report on Thursday, August 6 with “Sector Perform” rating. Jefferies downgraded it to “Underperform” rating and $12 target price in Monday, July 11 report.
More notable recent Franks International NV (NYSE:FI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Frank’s International, Pan American Silver and Scotts …” on November 18, 2016, also Fool.com with their article: “Terrible Earnings Sends Franks International NV’s Stock Sinking” published on July 28, 2016, Seekingalpha.com published: “Frank’s International NV (FI) Q3 2016 Results – Earnings Call Transcript” on November 03, 2016. More interesting news about Franks International NV (NYSE:FI) were released by: Globenewswire.com and their article: “Frank’s International N.V. Announces Second Quarter 2016 Results” published on July 28, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Frank’s International NV says raised $151.4 mln in equity offering” with publication date: November 09, 2016.
FI Company Profile
Frank’s International N.V. (FINV) is a well-known provider of engineered tubular services to the gas and oil industry. The Firm operates through three business divisions: International Services, U. S. Services and Tubular Sales. The Firm provides its services to exploration and production companies in both offshore and onshore environments, with a focus on technically demanding wells. The Company’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 gas and oil to reach the surface. The Firm creates and makes certain products that it sells directly to external customers, including large outside diameter (OD) pipe connectors. The Firm distributes large OD pipe manufactured by third parties.
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