TechnipFMC (FTI) Given a $32.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a $32.00 target price on TechnipFMC (NYSE:FTI) in a report released on Friday morning. The firm currently has a buy rating on the oil and gas company’s stock.

A number of other brokerages have also recently weighed in on FTI. BMO Capital Markets lifted their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the company a market perform rating in a report on Monday, July 30th. Barclays lifted their price objective on shares of TechnipFMC from $32.00 to $35.00 and gave the company a hold rating in a report on Thursday, August 2nd. Citigroup cut shares of TechnipFMC from a buy rating to a neutral rating in a report on Monday, July 2nd. Societe Generale upgraded shares of TechnipFMC from a hold rating to a buy rating and set a $45.00 price target for the company in a report on Wednesday, October 10th. Finally, Credit Suisse Group started coverage on shares of TechnipFMC in a report on Tuesday, July 17th. They set an outperform rating and a $38.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $36.85.

Shares of FTI stock traded down $0.67 during trading on Friday, reaching $26.35. The company’s stock had a trading volume of 5,628,690 shares, compared to its average volume of 3,701,625. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.17 and a current ratio of 1.32. The stock has a market capitalization of $12.61 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 2.10 and a beta of 0.87. TechnipFMC has a 1-year low of $25.85 and a 1-year high of $35.00.



TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.07). The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $3.22 billion. TechnipFMC had a net margin of 1.42% and a return on equity of 3.76%. On average, research analysts forecast that TechnipFMC will post 1.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.97%. The ex-dividend date is Monday, November 19th. TechnipFMC’s dividend payout ratio (DPR) is presently 20.16%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Trexquant Investment LP acquired a new position in shares of TechnipFMC in the 2nd quarter valued at $497,000. Chartwell Investment Partners LLC acquired a new position in shares of TechnipFMC in the 2nd quarter valued at $2,698,000. Carillon Tower Advisers Inc. boosted its holdings in shares of TechnipFMC by 46.7% in the 2nd quarter. Carillon Tower Advisers Inc. now owns 357,975 shares of the oil and gas company’s stock valued at $11,362,000 after buying an additional 113,875 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of TechnipFMC by 1,678.5% in the 2nd quarter. Raymond James & Associates now owns 149,373 shares of the oil and gas company’s stock valued at $4,741,000 after buying an additional 140,974 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of TechnipFMC by 8.8% in the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,636,187 shares of the oil and gas company’s stock valued at $147,153,000 after buying an additional 374,400 shares in the last quarter. Institutional investors own 64.63% of the company’s stock.

TechnipFMC Company Profile

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.

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