TechnipFMC (NYSE:FTI) Earns “Buy (B)” Rating from Weiss Ratings

TechnipFMC (NYSE:FTI)‘s stock had its “buy (b)” rating reaffirmed by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities analysts have also issued reports on the stock. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Barclays lifted their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. BTIG Research downgraded shares of TechnipFMC from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. JPMorgan Chase & Co. lifted their price objective on shares of TechnipFMC from $41.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Finally, Susquehanna lifted their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, thirteen 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 a consensus price target of $39.21.

TechnipFMC Price Performance

NYSE FTI opened at $37.94 on Wednesday. The firm’s fifty day simple moving average is $37.57 and its two-hundred day simple moving average is $33.37. 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 firm has a market capitalization of $15.59 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.22 and a beta of 1.04.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. During the same period in the previous year, the company earned $0.43 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. Analysts forecast that TechnipFMC will post 1.63 EPS for the current fiscal year.

Insider Buying and Selling at TechnipFMC

In related news, insider Thierry Conti sold 50,000 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the completion of the transaction, the insider directly owned 56,352 shares in the company, valued at $2,177,441.28. The trade was a 47.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $37.12, for a total transaction of $348,222.72. Following the transaction, the director owned 62,978 shares of the company’s stock, valued at $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 885,984 shares of company stock valued at $34,180,811. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sheets Smith Investment Management acquired a new position in TechnipFMC during the third quarter valued at $957,000. GAMMA Investing LLC increased its holdings in TechnipFMC by 23.9% in the third quarter. GAMMA Investing LLC now owns 3,294 shares of the oil and gas company’s stock valued at $130,000 after buying an additional 635 shares in the last quarter. Osaic Holdings Inc. increased its holdings in TechnipFMC by 3.9% in the second quarter. Osaic Holdings Inc. now owns 46,246 shares of the oil and gas company’s stock valued at $1,592,000 after buying an additional 1,720 shares in the last quarter. State of Wyoming increased its holdings in TechnipFMC by 20.0% in the second quarter. State of Wyoming now owns 13,063 shares of the oil and gas company’s stock valued at $450,000 after buying an additional 2,174 shares in the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in TechnipFMC in the second quarter valued at $207,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

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.