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

TechnipFMC plc (NYSE:FTI) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $36.46.

FTI has been the topic of a number of research reports. Sanford C. Bernstein lowered shares of TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price target on the stock. in a research note on Thursday, May 22nd. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada reissued an “outperform” rating and issued a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Piper Sandler increased their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Susquehanna lowered their price target on shares of TechnipFMC from $41.00 to $35.00 and set a “positive” rating on the stock in a report on Monday, April 14th.

TechnipFMC Stock Up 0.4%

Shares of FTI stock opened at $29.67 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The firm’s 50-day moving average is $28.42 and its 200-day moving average is $29.41. The stock has a market cap of $12.44 billion, a price-to-earnings ratio of 19.52 and a beta of 0.98. TechnipFMC has a 52-week low of $22.12 and a 52-week high of $33.45.

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

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. TechnipFMC’s dividend payout ratio is presently 10.53%.

Insider Transactions at TechnipFMC

In related news, EVP Justin Rounce sold 42,178 shares of TechnipFMC stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the transaction, the executive vice president now directly owns 140,207 shares of the company’s stock, valued at $3,722,495.85. This trade represents a 23.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO David Light sold 10,147 shares of TechnipFMC stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction 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 $187,472.10. This trade represents a 57.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in TechnipFMC in the first quarter valued at approximately $33,000. Geneos Wealth Management Inc. increased its stake in TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 340 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in TechnipFMC by 55.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in TechnipFMC in the fourth quarter valued at approximately $45,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in TechnipFMC in the fourth quarter valued at approximately $46,000. 96.58% of the stock is owned by institutional investors.

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.