TechnipFMC’s (FTI) Hold Rating Reiterated at Barclays

Barclays reiterated their hold rating on shares of TechnipFMC (NYSE:FTI) in a report issued on Wednesday morning, AnalystRatings.com reports.

FTI has been the topic of a number of other research reports. Cowen reaffirmed a buy rating and set a $28.00 target price on shares of TechnipFMC in a research report on Thursday, July 11th. Wells Fargo & Co set a $30.00 target price on shares of TechnipFMC and gave the stock a buy rating in a research report on Friday, October 25th. Citigroup boosted their target price on shares of TechnipFMC from $27.40 to $29.50 and gave the stock a neutral rating in a research report on Tuesday, July 30th. BMO Capital Markets set a $32.00 target price on shares of TechnipFMC and gave the stock a buy rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of TechnipFMC from $32.00 to $35.00 and gave the stock an overweight rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $29.25.

NYSE:FTI opened at $20.60 on Wednesday. TechnipFMC has a 12 month low of $18.20 and a 12 month high of $28.57. The firm has a market cap of $9.45 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 0.68 and a beta of 1.43. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $22.58 and its 200-day moving average is $23.85.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.38). TechnipFMC had a negative net margin of 16.30% and a positive return on equity of 2.11%. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the prior year, the business earned $1.09 EPS. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Research analysts predict that TechnipFMC will post 1.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.52%. The ex-dividend date is Monday, November 18th.

A number of institutional investors have recently made changes to their positions in the business. NEXT Financial Group Inc increased its holdings in TechnipFMC by 13.0% in the 2nd quarter. NEXT Financial Group Inc now owns 3,624 shares of the oil and gas company’s stock valued at $94,000 after buying an additional 416 shares during the period. World Asset Management Inc increased its holdings in TechnipFMC by 1.9% in the 2nd quarter. World Asset Management Inc now owns 23,149 shares of the oil and gas company’s stock valued at $600,000 after buying an additional 426 shares during the period. LS Investment Advisors LLC increased its holdings in TechnipFMC by 1.4% in the 2nd quarter. LS Investment Advisors LLC now owns 30,264 shares of the oil and gas company’s stock valued at $785,000 after buying an additional 430 shares during the period. Signaturefd LLC increased its holdings in TechnipFMC by 22.1% in the 3rd quarter. Signaturefd LLC now owns 2,650 shares of the oil and gas company’s stock valued at $64,000 after buying an additional 480 shares during the period. Finally, Brinker Capital Inc. increased its holdings in TechnipFMC by 6.2% in the 3rd quarter. Brinker Capital Inc. now owns 13,987 shares of the oil and gas company’s stock valued at $338,000 after buying an additional 813 shares during the period. 76.49% of the stock is currently owned by hedge funds and other institutional investors.

About TechnipFMC

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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