TechnipFMC (NYSE:FTI) Price Target Increased to $34.00 by Analysts at Susquehanna

TechnipFMC (NYSE:FTI) had its price objective hoisted by Susquehanna from $27.00 to $34.00 in a report issued on Friday, Benzinga reports. They currently have a positive rating on the oil and gas company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Benchmark reiterated a buy rating and issued a $30.00 price objective (up from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. TD Cowen upped their price objective on shares of TechnipFMC from $26.00 to $28.00 and gave the stock an outperform rating in a report on Friday, February 23rd. StockNews.com cut shares of TechnipFMC from a buy rating to a hold rating in a report on Saturday, April 20th. Bank of America upped 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, HSBC cut shares of TechnipFMC from a buy rating to a hold rating and set a $23.60 price target for the company. in a report on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TechnipFMC currently has an average rating of Moderate Buy and an average target price of $26.07.

TechnipFMC Stock Performance

Shares of NYSE:FTI opened at $26.59 on Friday. The stock has a market capitalization of $11.62 billion, a PE ratio of 56.57 and a beta of 1.65. TechnipFMC has a 1 year low of $12.64 and a 1 year high of $27.26. The firm has a fifty day moving average price of $24.21 and a 200 day moving average price of $21.57. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.30.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.60%. TechnipFMC’s quarterly revenue was up 18.9% compared to the same quarter last year. Analysts expect that TechnipFMC will post 1.15 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st 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 0.75%. The ex-dividend date is Monday, May 20th. TechnipFMC’s dividend payout ratio is currently 42.55%.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company’s 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 owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust acquired a new position in TechnipFMC in the third quarter worth about $29,000. Johnson Financial Group Inc. acquired a new position in TechnipFMC in the fourth quarter worth about $33,000. Quarry LP raised its position in TechnipFMC by 76.6% in the fourth quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 768 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in TechnipFMC in the fourth quarter worth about $45,000. Finally, Systematic Alpha Investments LLC acquired a new position in TechnipFMC in the third quarter worth about $146,000. Institutional investors and hedge funds 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.