TechnipFMC plc (NYSE:FTI) Receives Consensus Rating of “Moderate Buy” from Analysts

TechnipFMC plc (NYSE:FTI) has earned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $36.46.

A number of equities research analysts have recently issued reports on the company. Sanford C. Bernstein cut TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price objective 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 research report on Saturday, May 24th. 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 research note on Friday, February 28th. Barclays boosted their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, April 25th. Finally, Susquehanna dropped their target price 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.

Insiders Place Their Bets

In other news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the transaction, the director now directly owns 100,951 shares of the company’s stock, valued at approximately $3,004,301.76. This trade represents a 8.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

A number of large investors have recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. lifted its position in shares of TechnipFMC by 24.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company’s stock valued at $634,000 after acquiring an additional 4,314 shares during the period. Raymond James Financial Inc. acquired a new position in TechnipFMC in the fourth quarter valued at about $9,152,000. Charles Schwab Investment Management Inc. lifted its position in TechnipFMC by 7.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company’s stock worth $105,618,000 after purchasing an additional 249,719 shares during the period. Jones Financial Companies Lllp grew its stake in TechnipFMC by 1,024.4% during the fourth quarter. Jones Financial Companies Lllp now owns 14,347 shares of the oil and gas company’s stock worth $415,000 after buying an additional 13,071 shares in the last quarter. Finally, Truist Financial Corp grew its stake in TechnipFMC by 414.2% during the fourth quarter. Truist Financial Corp now owns 38,308 shares of the oil and gas company’s stock worth $1,109,000 after buying an additional 30,858 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $34.98 on Friday. The company has a fifty day moving average price of $30.25 and a 200 day moving average price of $29.82. The firm has a market cap of $14.67 billion, a PE ratio of 18.41, a PEG ratio of 1.22 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. TechnipFMC has a 1-year low of $22.12 and a 1-year high of $35.71.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. Research analysts predict that TechnipFMC will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Tuesday, May 20th. TechnipFMC’s dividend payout ratio is 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.