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

TechnipFMC plc (NYSE:FTI) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $38.9231.

FTI has been the subject of a number of recent analyst reports. Evercore ISI upped their target price on TechnipFMC from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. BTIG Research downgraded TechnipFMC from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. Barclays upped their target price on TechnipFMC from $45.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Citigroup restated a “buy” rating and set a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada upped their price objective on TechnipFMC from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th.

TechnipFMC Stock Performance

NYSE:FTI opened at $34.94 on Friday. The stock has a fifty day moving average price of $34.47 and a 200-day moving average price of $30.81. The company has a market cap of $14.36 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.15 and a beta of 1.04. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10. TechnipFMC has a fifty-two week low of $22.11 and a fifty-two week high of $38.05.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. As a group, equities analysts anticipate that TechnipFMC will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th will be given a $0.05 dividend. The ex-dividend date is Tuesday, August 19th. This represents a $0.20 annualized dividend and a yield of 0.6%. TechnipFMC’s dividend payout ratio (DPR) is currently 9.43%.

Insider Buying and Selling

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $37.12, for a total value of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares in the company, valued at approximately $2,337,743.36. This trade represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On TechnipFMC

Several large investors have recently bought and sold shares of FTI. New York State Teachers Retirement System bought a new position in TechnipFMC in the first quarter valued at about $33,000. Geneos Wealth Management Inc. raised its position 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 purchasing an additional 340 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in TechnipFMC in the second quarter valued at about $44,000. Financial Network Wealth Advisors LLC raised its position in TechnipFMC by 29.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 346 shares during the last quarter. Finally, Brooklyn Investment Group raised its position in TechnipFMC by 2,216.1% in the first quarter. Brooklyn Investment Group now owns 2,154 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 2,061 shares during the last quarter. 96.58% of the stock is currently 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.