TechnipFMC (NYSE:FTI) Stock Rating Upgraded by Wall Street Zen

TechnipFMC (NYSE:FTI) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

FTI has been the subject of several other reports. Citigroup reissued a “buy” rating and set a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Evercore ISI boosted their price target on TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TechnipFMC in a report on Saturday, September 27th. Barclays increased their price target on TechnipFMC from $45.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Finally, Susquehanna lifted their price target on shares of TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.21.

TechnipFMC Trading Down 1.0%

FTI stock opened at $38.02 on Friday. The company has a market cap of $15.63 billion, a P/E ratio of 17.94, a PEG ratio of 1.23 and a beta of 1.04. TechnipFMC has a twelve month low of $22.11 and a twelve month high of $41.29. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $37.51 and a 200-day moving average of $33.19.

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 the consensus estimate of $0.57 by $0.11. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that TechnipFMC will post 1.63 EPS for the current year.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, CEO Douglas J. Pferdehirt sold 632,539 shares of TechnipFMC stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $38.62, for a total transaction of $24,428,656.18. Following the transaction, the chief executive officer directly owned 2,917,054 shares of the company’s stock, valued at approximately $112,656,625.48. This trade represents a 17.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thierry Conti sold 50,000 shares of TechnipFMC stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.64, for a total value of $1,932,000.00. Following the completion of the transaction, the insider owned 56,352 shares in the company, valued at approximately $2,177,441.28. This represents a 47.01% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 885,984 shares of company stock valued at $34,180,811. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On TechnipFMC

Several hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System purchased a new stake in TechnipFMC in the first quarter worth $33,000. Geneos Wealth Management Inc. boosted its stake in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after buying an additional 340 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of TechnipFMC in the second quarter worth approximately $44,000. 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 buying an additional 346 shares in the last quarter. Finally, Ossiam lifted its position in shares of TechnipFMC by 52.0% in the second quarter. Ossiam now owns 1,597 shares of the oil and gas company’s stock valued at $55,000 after acquiring an additional 546 shares in the last quarter. 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.