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

Shares of TechnipFMC plc (NYSE:FTI) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $37.31.

A number of equities research analysts recently issued reports on the company. BTIG Research lowered TechnipFMC from a “buy” rating to a “neutral” rating in a research report on Monday. Barclays raised their price target on TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, April 25th. Royal Bank Of Canada restated an “outperform” rating and issued a $37.00 price target on shares of TechnipFMC in a research note on Monday, April 28th. Citigroup restated a “buy” rating and issued a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Finally, Susquehanna raised their price target on TechnipFMC from $35.00 to $40.00 and gave the company a “positive” rating in a research note on Tuesday, July 1st.

Institutional Trading of TechnipFMC

A number of institutional investors have recently modified their holdings of the stock. Diversified Trust Co lifted its position in shares of TechnipFMC by 0.8% during the 2nd quarter. Diversified Trust Co now owns 40,830 shares of the oil and gas company’s stock valued at $1,406,000 after acquiring an additional 306 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of TechnipFMC by 45.3% during the 1st 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 period. Financial Network Wealth Advisors LLC lifted its position in shares of TechnipFMC by 29.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 346 shares during the period. Diversify Advisory Services LLC lifted its position in shares of TechnipFMC by 5.1% during the 1st quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company’s stock valued at $238,000 after acquiring an additional 362 shares during the period. Finally, Acuitas Investments LLC lifted its position in shares of TechnipFMC by 13.4% during the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company’s stock worth $108,000 after buying an additional 400 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Trading Down 0.3%

NYSE:FTI opened at $34.19 on Wednesday. TechnipFMC has a 1-year low of $22.12 and a 1-year high of $35.86. The business’s 50-day moving average price is $32.84 and its two-hundred day moving average price is $30.37. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 1.16 and a beta of 1.07.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a net margin of 8.93% and a return on equity of 27.01%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 EPS. On average, equities analysts expect that TechnipFMC will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. TechnipFMC’s payout ratio is 10.53%.

About TechnipFMC

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.