Q3 2023 EPS Estimates for TechnipFMC plc Increased by BTIG Research (NYSE:FTI)

TechnipFMC plc (NYSE:FTIGet Rating) – Equities research analysts at BTIG Research increased their Q3 2023 EPS estimates for TechnipFMC in a research report issued on Monday, January 16th. BTIG Research analyst I. Levi now expects that the oil and gas company will earn $0.20 per share for the quarter, up from their prior estimate of $0.19. The consensus estimate for TechnipFMC’s current full-year earnings is $0.07 per share. BTIG Research also issued estimates for TechnipFMC’s Q4 2024 earnings at $0.25 EPS.

TechnipFMC (NYSE:FTIGet Rating) last posted its quarterly earnings results on Wednesday, October 26th. The oil and gas company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.06). The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.75 billion. TechnipFMC had a negative return on equity of 1.42% and a negative net margin of 3.46%.

A number of other equities research analysts also recently weighed in on FTI. Citigroup boosted their price target on shares of TechnipFMC to $12.40 in a research note on Tuesday, November 15th. Benchmark assumed coverage on shares of TechnipFMC in a research note on Thursday. They issued a “buy” rating and a $15.00 target price for the company. HSBC raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $13.50 target price for the company in a research note on Tuesday, October 25th. StockNews.com assumed coverage on shares of TechnipFMC in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Piper Sandler upped their target price on shares of TechnipFMC from $13.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, November 18th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.95.

TechnipFMC Trading Up 1.3 %

FTI opened at $12.58 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.27 and a quick ratio of 1.00. The company has a market cap of $5.62 billion, a price-to-earnings ratio of -25.16 and a beta of 1.76. The firm has a 50 day simple moving average of $12.08 and a 200 day simple moving average of $9.83. TechnipFMC has a fifty-two week low of $5.47 and a fifty-two week high of $13.20.

Institutional Trading of TechnipFMC

Hedge funds have recently modified their holdings of the stock. JFS Wealth Advisors LLC lifted its stake in shares of TechnipFMC by 773.8% during the 2nd quarter. JFS Wealth Advisors LLC now owns 3,836 shares of the oil and gas company’s stock worth $26,000 after buying an additional 3,397 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of TechnipFMC during the 2nd quarter worth about $28,000. Wipfli Financial Advisors LLC acquired a new stake in shares of TechnipFMC during the 3rd quarter worth about $37,000. Allworth Financial LP lifted its stake in shares of TechnipFMC by 35.7% during the 3rd quarter. Allworth Financial LP now owns 4,987 shares of the oil and gas company’s stock worth $42,000 after buying an additional 1,313 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of TechnipFMC by 199.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,612 shares of the oil and gas company’s stock worth $56,000 after buying an additional 4,404 shares during the last quarter. Institutional investors and hedge funds own 94.52% of the company’s stock.

About TechnipFMC

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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.

Further Reading

Earnings History and Estimates for TechnipFMC (NYSE:FTI)

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