Wall Street Zen Downgrades TechnipFMC (NYSE:FTI) to Hold

TechnipFMC (NYSE:FTI) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities analysts have also commented on FTI. Susquehanna increased their target price on TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a report on Friday, July 25th. Citigroup reaffirmed a “buy” rating and set a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. Evercore ISI raised their price objective on TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Royal Bank Of Canada raised their price objective on TechnipFMC from $37.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Finally, BTIG Research lowered TechnipFMC from a “buy” rating to a “neutral” rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $38.92.

TechnipFMC Stock Up 1.2%

Shares of NYSE FTI opened at $40.40 on Friday. The stock has a market cap of $16.60 billion, a P/E ratio of 19.06, a PEG ratio of 1.29 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. TechnipFMC has a 12-month low of $22.11 and a 12-month high of $41.29. The business’s fifty day simple moving average is $37.04 and its 200-day simple moving average is $32.83.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.57 by $0.11. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.TechnipFMC’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities analysts predict that TechnipFMC will post 1.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other TechnipFMC news, CEO Douglas J. Pferdehirt sold 80,304 shares of TechnipFMC stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.35, for a total value of $3,079,658.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Thierry Conti sold 50,000 shares of TechnipFMC stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $38.64, for a total value of $1,932,000.00. Following the completion of the sale, the insider directly owned 56,352 shares in the company, valued at $2,177,441.28. This represents a 47.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 885,984 shares of company stock worth $34,180,811 over the last quarter. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On TechnipFMC

A number of institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. boosted its holdings in TechnipFMC by 3.9% in the 2nd quarter. Osaic Holdings Inc. now owns 46,246 shares of the oil and gas company’s stock valued at $1,592,000 after purchasing an additional 1,720 shares in the last quarter. State of Wyoming lifted its position in shares of TechnipFMC by 20.0% during the 2nd quarter. State of Wyoming now owns 13,063 shares of the oil and gas company’s stock valued at $450,000 after acquiring an additional 2,174 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of TechnipFMC during the 2nd quarter valued at approximately $207,000. Headlands Technologies LLC acquired a new stake in shares of TechnipFMC during the 2nd quarter valued at approximately $70,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of TechnipFMC by 5.3% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 50,327 shares of the oil and gas company’s stock valued at $1,736,000 after acquiring an additional 2,545 shares during the period. Hedge funds and other institutional investors own 96.58% of the company’s stock.

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.