TechnipFMC PLC (NYSE:FTI) declared a quarterly dividend on Tuesday, July 23rd, RTT News reports. Shareholders of record on Tuesday, August 20th will be paid a dividend of 0.13 per share by the oil and gas company on Wednesday, September 4th. This represents a $0.52 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, August 19th.
TechnipFMC has a payout ratio of 38.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TechnipFMC to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 32.5%.
Shares of FTI opened at $23.76 on Friday. TechnipFMC has a 12 month low of $18.20 and a 12 month high of $32.91. The company has a 50-day moving average price of $25.53 and a two-hundred day moving average price of $23.80. The company has a quick ratio of 1.04, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The stock has a market cap of $10.31 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 2.98 and a beta of 1.47.
A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of TechnipFMC from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd. AltaCorp Capital reiterated an “outperform” rating on shares of TechnipFMC in a research note on Thursday, June 20th. TheStreet upgraded shares of TechnipFMC from a “c+” rating to a “b-” rating in a research note on Wednesday, July 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $29.00 target price on shares of TechnipFMC in a research note on Monday, April 29th. Finally, Citigroup lifted their target price on shares of TechnipFMC from $27.40 to $29.50 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $30.84.
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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