TechnipFMC (NYSE:FTI) Rating Lowered to Hold at StockNews.com

TechnipFMC (NYSE:FTI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other research analysts have also issued reports on FTI. Susquehanna reaffirmed a “positive” rating and issued a $27.00 target price on shares of TechnipFMC in a research note on Monday, April 8th. Benchmark reissued a “buy” rating and set a $30.00 price objective (up previously from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. Barclays lifted their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. ATB Capital set a $30.00 price objective on shares of TechnipFMC and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Finally, TD Cowen lifted their price target on shares of TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $25.11.

TechnipFMC Trading Down 1.9 %

Shares of TechnipFMC stock opened at $25.86 on Thursday. The stock has a market capitalization of $11.30 billion, a P/E ratio of 215.50 and a beta of 1.65. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The company has a 50-day simple moving average of $22.92 and a 200 day simple moving average of $21.16. TechnipFMC has a 12-month low of $12.64 and a 12-month high of $27.26.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. Research analysts expect that TechnipFMC will post 1.16 earnings per share for the current fiscal year.

Insider Activity

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the transaction, the director now owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of TechnipFMC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its holdings in shares of TechnipFMC by 18.6% in the 1st quarter. Raymond James & Associates now owns 266,995 shares of the oil and gas company’s stock worth $2,069,000 after purchasing an additional 41,955 shares in the last quarter. Bank of Montreal Can increased its position in shares of TechnipFMC by 334.1% during the first quarter. Bank of Montreal Can now owns 49,994 shares of the oil and gas company’s stock valued at $388,000 after buying an additional 38,477 shares during the period. BlackRock Inc. grew its holdings in shares of TechnipFMC by 11.6% during the first quarter. BlackRock Inc. now owns 9,915,455 shares of the oil and gas company’s stock worth $76,845,000 after purchasing an additional 1,029,472 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in TechnipFMC in the first quarter worth approximately $172,000. Finally, Sei Investments Co. lifted its position in TechnipFMC by 93.5% in the first quarter. Sei Investments Co. now owns 258,480 shares of the oil and gas company’s stock valued at $1,989,000 after purchasing an additional 124,906 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

About TechnipFMC

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.