TechnipFMC plc (NYSE:FTI) Receives Average Recommendation of “Moderate Buy” from Analysts

TechnipFMC plc (NYSE:FTI) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $29.38.

FTI has been the topic of several analyst reports. Bank of America lifted their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a research report on Monday, April 15th. Benchmark reaffirmed a “buy” rating and set a $30.00 price target on shares of TechnipFMC in a research report on Friday, April 26th. TD Cowen lifted their price target on shares of TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Citigroup boosted their target price on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Finally, Barclays boosted their target price on TechnipFMC from $33.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, April 29th.

TechnipFMC Trading Up 0.2 %

Shares of TechnipFMC stock opened at $25.69 on Wednesday. The stock has a market cap of $11.07 billion, a P/E ratio of 54.66 and a beta of 1.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84. The stock’s 50 day simple moving average is $26.28 and its 200-day simple moving average is $24.59. TechnipFMC has a 1-year low of $17.73 and a 1-year high of $29.85.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.31 by $0.12. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.23 billion. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. Analysts predict that TechnipFMC will post 1.22 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Tuesday, August 20th. TechnipFMC’s dividend payout ratio is currently 42.55%.

Insider Transactions at TechnipFMC

In other news, CAO David Light sold 5,928 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $25.81, for a total transaction of $153,001.68. Following the sale, the chief accounting officer now owns 11,534 shares of the company’s stock, valued at $297,692.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.06% of the company’s stock.

Institutional Trading of TechnipFMC

A number of large investors have recently modified their holdings of FTI. Price T Rowe Associates Inc. MD grew its stake in shares of TechnipFMC by 8.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company’s stock worth $1,019,337,000 after purchasing an additional 3,259,348 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of TechnipFMC by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,049,860 shares of the oil and gas company’s stock worth $1,005,652,000 after purchasing an additional 134,880 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of TechnipFMC by 2.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,518,561 shares of the oil and gas company’s stock worth $70,864,000 after purchasing an additional 85,451 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in shares of TechnipFMC by 868.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock worth $63,082,000 after purchasing an additional 2,808,618 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of TechnipFMC during the fourth quarter worth $61,570,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.