Barclays Lowers TechnipFMC (FTI) Price Target to $33.00

TechnipFMC (NYSE:FTI) had its price target reduced by Barclays from $35.00 to $33.00 in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a hold rating on the oil and gas company’s stock.

Several other research analysts have also commented on the company. Credit Suisse Group reduced their price target on TechnipFMC from $38.00 to $29.00 and set a buy rating on the stock in a report on Monday. Piper Jaffray Companies reiterated a buy rating on shares of TechnipFMC in a report on Monday. Royal Bank of Canada set a $32.00 price target on TechnipFMC and gave the stock a buy rating in a report on Friday, October 26th. Cowen reiterated a buy rating and set a $37.00 price target on shares of TechnipFMC in a report on Friday, October 12th. Finally, Societe Generale upgraded TechnipFMC from a hold rating to a buy rating and set a $45.00 price target on the stock in a report on Wednesday, October 10th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of $36.21.

Shares of FTI opened at $26.16 on Tuesday. TechnipFMC has a 52-week low of $25.36 and a 52-week high of $35.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.32. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 20.28, a price-to-earnings-growth ratio of 1.95 and a beta of 0.87.



TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported $0.31 EPS for the quarter, missing the 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 for the quarter, compared to analysts’ expectations of $3.22 billion. As a group, analysts forecast that TechnipFMC will post 1.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Tuesday, November 20th will be paid a dividend of $0.13 per share. The ex-dividend date is Monday, November 19th. This represents a $0.52 dividend on an annualized basis and a yield of 1.99%. TechnipFMC’s dividend payout ratio (DPR) is presently 20.16%.

A number of large investors have recently modified their holdings of FTI. Crossmark Global Holdings Inc. grew its position in shares of TechnipFMC by 3.0% during the second quarter. Crossmark Global Holdings Inc. now owns 66,825 shares of the oil and gas company’s stock worth $2,121,000 after buying an additional 1,970 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of TechnipFMC by 16.7% during the second quarter. Daiwa Securities Group Inc. now owns 16,183 shares of the oil and gas company’s stock worth $514,000 after buying an additional 2,311 shares in the last quarter. AMG Funds LLC grew its position in shares of TechnipFMC by 6.1% during the second quarter. AMG Funds LLC now owns 43,422 shares of the oil and gas company’s stock worth $1,378,000 after buying an additional 2,500 shares in the last quarter. AMG National Trust Bank grew its position in shares of TechnipFMC by 2.3% during the second quarter. AMG National Trust Bank now owns 119,206 shares of the oil and gas company’s stock worth $3,784,000 after buying an additional 2,649 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its position in shares of TechnipFMC by 270.1% during the second quarter. Pinebridge Investments L.P. now owns 3,775 shares of the oil and gas company’s stock worth $120,000 after buying an additional 2,755 shares in the last quarter. Institutional investors own 64.61% 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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