D. Keith Mosing Sells 218,000 Shares of Frank’s International N.V. (FI) Stock

Frank’s International N.V. (NYSE:FI) Director D. Keith Mosing sold 218,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $6.36, for a total transaction of $1,386,480.00. Following the completion of the transaction, the director now owns 446,300 shares in the company, valued at approximately $2,838,468. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

D. Keith Mosing also recently made the following trade(s):

  • On Monday, November 6th, D. Keith Mosing sold 350,000 shares of Frank’s International N.V. stock. The stock was sold at an average price of $7.25, for a total transaction of $2,537,500.00.

Shares of Frank’s International N.V. (NYSE FI) traded up $0.28 during mid-day trading on Friday, reaching $6.56. 1,004,534 shares of the company’s stock were exchanged, compared to its average volume of 1,182,741. Frank’s International N.V. has a twelve month low of $6.03 and a twelve month high of $13.57.

Frank’s International N.V. (NYSE:FI) last announced its earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.11). The business had revenue of $108.08 million during the quarter, compared to analysts’ expectations of $120.42 million. Frank’s International N.V. had a negative net margin of 26.21% and a negative return on equity of 9.25%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.14) earnings per share. equities research analysts predict that Frank’s International N.V. will post -0.43 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in FI. Citigroup Inc. increased its stake in shares of Frank’s International N.V. by 726.2% in the second 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 increased its stake in shares of Frank’s International N.V. by 567.8% in the second quarter. Legal & General Group Plc now owns 14,305 shares of the pipeline company’s stock worth $118,000 after purchasing an additional 12,163 shares in the last quarter. Gagnon Securities LLC purchased a new stake in shares of Frank’s International N.V. in the third quarter worth $124,000. M&T Bank Corp purchased a new stake in shares of Frank’s International N.V. in the second quarter worth $138,000. Finally, Voya Investment Management LLC increased its stake in shares of Frank’s International N.V. by 88.4% in the second quarter. Voya Investment Management LLC now owns 21,717 shares of the pipeline company’s stock worth $180,000 after purchasing an additional 10,192 shares in the last quarter. 30.07% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on FI shares. Royal Bank Of Canada reissued a “buy” rating and set a $10.00 price objective on shares of Frank’s International N.V. in a report on Friday, September 1st. Capital One Financial Corporation reissued an “equal weight” rating on shares of Frank’s International N.V. in a report on Monday, August 7th. Barclays PLC decreased their price objective on shares of Frank’s International N.V. from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, August 8th. Jefferies Group LLC set a $9.00 price objective on shares of Frank’s International N.V. and gave the company a “hold” rating in a report on Thursday, October 5th. Finally, Scotiabank set a $13.00 price objective on shares of Frank’s International N.V. and gave the company a “hold” rating in a report on Tuesday, August 8th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $8.00.

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.

Insider Buying and Selling by Quarter for Frank`s International N.V. (NYSE:FI)

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