TechnipFMC plc (NYSE:FTI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of TechnipFMC plc (NYSE:FTI) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $25.34.

Several analysts have commented on the stock. Barclays upped their target price on shares of TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Susquehanna reissued a “positive” rating and issued a $27.00 price target on shares of TechnipFMC in a report on Monday, April 8th. Benchmark reissued a “buy” rating and issued a $30.00 price target (up previously from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. Bank of America boosted their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday.

TechnipFMC Stock Performance

Shares of TechnipFMC stock opened at $25.22 on Monday. The firm has a fifty day moving average of $23.54 and a two-hundred day moving average of $21.34. The stock has a market capitalization of $11.02 billion, a price-to-earnings ratio of 210.17 and a beta of 1.65. TechnipFMC has a 52 week low of $12.64 and a 52 week high of $27.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company 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 business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) EPS. As a group, equities research analysts predict that TechnipFMC will post 1.15 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Tuesday, March 19th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Monday, March 18th. TechnipFMC’s payout ratio is presently 166.67%.

Insider Transactions at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction dated Friday, February 23rd. The shares were 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 directly owns 103,982 shares in the company, valued at approximately $2,204,418.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.06% of the company’s stock.

Hedge Funds Weigh In On TechnipFMC

Large investors have recently modified their holdings of the business. Harbour Investments Inc. boosted its stake in shares of TechnipFMC by 366.7% during the 3rd quarter. Harbour Investments Inc. now owns 1,400 shares of the oil and gas company’s stock worth $28,000 after buying an additional 1,100 shares during the last quarter. Parkside Financial Bank & Trust bought a new stake in shares of TechnipFMC in the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. bought a new stake in shares of TechnipFMC in the 4th quarter valued at about $33,000. Quarry LP raised its holdings in shares of TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 768 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of TechnipFMC in the 4th quarter valued at about $45,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

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.