TechnipFMC plc (NYSE:FTI) Given Average Recommendation of “Buy” by Brokerages

Shares of TechnipFMC plc (NYSE:FTIGet Rating) have earned an average recommendation of “Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $10.50.

Several brokerages have recently commented on FTI. Kepler Capital Markets upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Monday, February 28th. Societe Generale upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and lifted their price target for the company from $7.57 to $10.00 in a report on Tuesday, April 19th. Finally, StockNews.com assumed coverage on shares of TechnipFMC in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

Several large investors have recently modified their holdings of FTI. OLD Mission Capital LLC purchased a new position in shares of TechnipFMC in the 3rd quarter worth $131,000. Advisor Group Holdings Inc. grew its stake in shares of TechnipFMC by 49.8% in the 3rd quarter. Advisor Group Holdings Inc. now owns 43,083 shares of the oil and gas company’s stock worth $326,000 after buying an additional 14,327 shares in the last quarter. Truist Financial Corp grew its stake in shares of TechnipFMC by 11.2% in the 3rd quarter. Truist Financial Corp now owns 51,343 shares of the oil and gas company’s stock worth $386,000 after buying an additional 5,173 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of TechnipFMC by 22.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 68,809 shares of the oil and gas company’s stock worth $518,000 after buying an additional 12,526 shares in the last quarter. Finally, AlphaCrest Capital Management LLC grew its stake in shares of TechnipFMC by 28.0% in the 3rd quarter. AlphaCrest Capital Management LLC now owns 39,300 shares of the oil and gas company’s stock worth $296,000 after buying an additional 8,600 shares in the last quarter. 88.53% of the stock is owned by institutional investors and hedge funds.

Shares of FTI stock opened at $7.58 on Monday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of -8.24 and a beta of 1.90. TechnipFMC has a one year low of $5.55 and a one year high of $10.70. The company’s fifty day moving average price is $7.65 and its 200-day moving average price is $6.97. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.13.

TechnipFMC (NYSE:FTIGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The oil and gas company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.58 billion. TechnipFMC had a negative net margin of 6.58% and a negative return on equity of 3.41%. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Equities research analysts expect that TechnipFMC will post 0.16 earnings per share for the current fiscal year.

About TechnipFMC (Get Rating)

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. 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.

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Analyst Recommendations for TechnipFMC (NYSE:FTI)

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