TechnipFMC (FTI) Receives Buy Rating from Piper Jaffray Companies

TechnipFMC (NYSE:FTI)‘s stock had its “buy” rating reiterated by equities researchers at Piper Jaffray Companies in a report issued on Monday. Piper Jaffray Companies also issued estimates for TechnipFMC’s Q4 2018 earnings at $0.39 EPS, Q4 2019 earnings at $0.39 EPS, FY2019 earnings at $1.54 EPS and FY2020 earnings at $2.20 EPS.

A number of other equities research analysts also recently weighed in on the stock. Citigroup downgraded shares of TechnipFMC from a “buy” rating to a “neutral” rating in a research note on Monday, July 2nd. Barclays boosted their price target on shares of TechnipFMC from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Thursday, August 2nd. Royal Bank of Canada set a $32.00 price target on shares of TechnipFMC and gave the stock a “buy” rating in a research note on Friday. Cowen reissued a “buy” rating and set a $37.00 price target on shares of TechnipFMC in a research note on Friday, October 12th. Finally, Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research note on Thursday, August 16th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $36.85.

Shares of NYSE FTI opened at $26.35 on Monday. TechnipFMC has a 1-year low of $25.85 and a 1-year high of $35.00. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.07 and a beta of 0.87. The company has a quick ratio of 1.19, a current ratio of 1.32 and a debt-to-equity ratio of 0.31.



TechnipFMC (NYSE:FTI) last announced its earnings results on Wednesday, October 24th. The oil and gas company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.07). TechnipFMC had a return on equity of 3.76% and a net margin of 1.42%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.22 billion. On average, equities research analysts anticipate that TechnipFMC will post 1.33 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. bought a new stake in TechnipFMC in the third quarter valued at approximately $1,912,000. Russell Investments Group Ltd. increased its stake in TechnipFMC by 260.9% in the third quarter. Russell Investments Group Ltd. now owns 534,860 shares of the oil and gas company’s stock valued at $16,725,000 after purchasing an additional 386,641 shares in the last quarter. Palo Capital Inc. bought a new stake in TechnipFMC in the third quarter valued at approximately $761,000. Bank of Montreal Can increased its stake in TechnipFMC by 56.7% in the third quarter. Bank of Montreal Can now owns 207,297 shares of the oil and gas company’s stock valued at $6,479,000 after purchasing an additional 75,013 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in TechnipFMC in the third quarter valued at approximately $349,000. 64.61% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for TechnipFMC (NYSE:FTI)

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