TechnipFMC (NYSE:FTI) Given New $43.00 Price Target at JPMorgan Chase & Co.

TechnipFMC (NYSE:FTI) had its target price hoisted by JPMorgan Chase & Co. from $41.00 to $43.00 in a research report report published on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and gas company’s stock.

A number of other equities analysts have also weighed in on FTI. Susquehanna boosted their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Friday, July 25th. Evercore ISI boosted their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Citigroup reiterated a “buy” rating and set a $41.00 target price (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Royal Bank Of Canada boosted their target price on shares of TechnipFMC from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Finally, Barclays boosted their target price on shares of TechnipFMC from $45.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $39.21.

TechnipFMC Price Performance

FTI stock opened at $38.50 on Thursday. TechnipFMC has a 52-week low of $22.11 and a 52-week high of $41.29. The firm has a market capitalization of $15.82 billion, a price-to-earnings ratio of 18.16, a PEG ratio of 1.27 and a beta of 1.04. The firm has a 50 day moving average price of $37.48 and a 200-day moving average price of $33.12. 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 (NYSE:FTI) last announced its quarterly earnings data on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the business earned $0.43 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. Equities research analysts forecast that TechnipFMC will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC’s dividend payout ratio is 9.43%.

Insider Activity

In related news, CFO Alf Melin sold 113,760 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.61, for a total value of $4,392,273.60. Following the sale, the chief financial officer directly owned 241,140 shares of the company’s stock, valued at $9,310,415.40. This represents a 32.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thierry Conti sold 50,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.64, for a total transaction 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 trade represents a 47.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 885,984 shares of company stock valued at $34,180,811. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On TechnipFMC

A number of hedge funds have recently added to or reduced their stakes in FTI. Wealth Enhancement Advisory Services LLC grew its stake in TechnipFMC by 116.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 81,154 shares of the oil and gas company’s stock worth $2,349,000 after acquiring an additional 43,714 shares in the last quarter. GAMMA Investing LLC grew its stake in TechnipFMC by 3,925.4% in the 1st quarter. GAMMA Investing LLC now owns 91,457 shares of the oil and gas company’s stock worth $2,886,000 after acquiring an additional 89,185 shares in the last quarter. Merit Financial Group LLC grew its stake in TechnipFMC by 229.9% in the 1st quarter. Merit Financial Group LLC now owns 46,720 shares of the oil and gas company’s stock worth $1,481,000 after acquiring an additional 32,559 shares in the last quarter. Sivia Capital Partners LLC bought a new position in TechnipFMC in the 1st quarter worth about $266,000. Finally, Portside Wealth Group LLC grew its stake in TechnipFMC by 5.1% in the 1st quarter. Portside Wealth Group LLC now owns 38,346 shares of the oil and gas company’s stock worth $1,215,000 after acquiring an additional 1,855 shares in 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.