TechnipFMC plc (NYSE:FTI) Given Consensus Recommendation of “Moderate Buy” by Analysts

TechnipFMC plc (NYSE:FTIGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $27.21.

Several brokerages have issued reports on FTI. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Sunday, April 28th. TD Cowen increased their target price on shares of TechnipFMC from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Benchmark reiterated a “buy” rating and set a $30.00 target price on shares of TechnipFMC in a report on Friday, April 26th. Bank of America increased their target price on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Barclays increased their target price on shares of TechnipFMC from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, April 29th.

Check Out Our Latest Stock Report on TechnipFMC

TechnipFMC Trading Down 1.1 %

NYSE FTI opened at $25.99 on Friday. The company’s 50-day moving average price is $25.69 and its 200-day moving average price is $23.29. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. The stock has a market cap of $11.20 billion, a PE ratio of 55.29 and a beta of 1.52. TechnipFMC has a 12 month low of $16.04 and a 12 month high of $27.30.

TechnipFMC (NYSE:FTIGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The firm’s revenue was up 18.9% on a year-over-year basis. Equities research analysts forecast that TechnipFMC will post 1.18 earnings per share for the current year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Monday, May 20th. TechnipFMC’s dividend payout ratio is presently 42.55%.

Insiders Place Their Bets

In other TechnipFMC news, CAO David Light sold 5,928 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total transaction of $153,001.68. Following the completion of the transaction, the chief accounting officer now directly owns 11,534 shares of the company’s stock, valued at approximately $297,692.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds and other institutional investors have recently made changes to their positions in FTI. Mariner LLC grew its stake in shares of TechnipFMC by 16.6% during the 3rd quarter. Mariner LLC now owns 21,445 shares of the oil and gas company’s stock worth $436,000 after purchasing an additional 3,050 shares during the period. Natixis Advisors L.P. grew its stake in TechnipFMC by 83.6% in the 3rd quarter. Natixis Advisors L.P. now owns 53,920 shares of the oil and gas company’s stock valued at $1,097,000 after acquiring an additional 24,550 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in TechnipFMC in the 3rd quarter worth $14,057,000. American Century Companies Inc. increased its holdings in TechnipFMC by 161.9% in the 3rd quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock worth $108,048,000 after acquiring an additional 3,283,972 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in TechnipFMC by 320.3% in the 3rd quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock worth $809,303,000 after acquiring an additional 30,323,011 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Company Profile

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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.

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Analyst Recommendations for TechnipFMC (NYSE:FTI)

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