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

Shares of TechnipFMC plc (NYSE:FTI) have been given an average recommendation of “Buy” by the thirteen analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $36.83.

A number of research analysts recently weighed in on FTI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $37.00 price objective on shares of TechnipFMC in a report on Monday. StockNews.com downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Piper Sandler increased their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Barclays raised their price objective on TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Finally, Susquehanna decreased their target price on TechnipFMC from $41.00 to $35.00 and set a “positive” rating on the stock in a research report on Monday, April 14th.

Insider Buying and Selling

In other TechnipFMC news, CAO David Light sold 10,147 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. The trade was a 57.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business’s stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the transaction, the director now owns 100,951 shares of the company’s stock, valued at $3,004,301.76. This trade represents a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock worth $1,651,665 in the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its stake in shares of TechnipFMC by 0.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 42,166,132 shares of the oil and gas company’s stock valued at $1,220,288,000 after buying an additional 365,527 shares during the period. Vanguard Group Inc. grew its stake in shares of TechnipFMC by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company’s stock valued at $1,180,576,000 after buying an additional 1,623,864 shares during the period. Ameriprise Financial Inc. grew its stake in shares of TechnipFMC by 31.5% during the 4th quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company’s stock valued at $478,620,000 after buying an additional 3,962,315 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of TechnipFMC by 15.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,749,465 shares of the oil and gas company’s stock valued at $282,150,000 after buying an additional 1,319,015 shares during the period. Finally, Anomaly Capital Management LP grew its stake in shares of TechnipFMC by 46.5% during the 4th quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company’s stock valued at $210,295,000 after buying an additional 2,306,342 shares during the period. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Stock Performance

NYSE FTI opened at $29.03 on Friday. The firm has a market cap of $12.21 billion, a P/E ratio of 19.10 and a beta of 1.11. TechnipFMC has a 52-week low of $22.12 and a 52-week high of $33.45. The business’s 50-day moving average price is $27.44 and its 200 day moving average price is $28.93. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. On average, equities research analysts expect that TechnipFMC will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.69%. TechnipFMC’s dividend payout ratio is currently 10.53%.

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.