TechnipFMC (NYSE:FTI) Stock Rating Upgraded by BNP Paribas Exane

TechnipFMC (NYSE:FTI) was upgraded by research analysts at BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has a $47.00 target price on the oil and gas company’s stock. BNP Paribas Exane’s price target indicates a potential upside of 31.40% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. BTIG Research cut shares of TechnipFMC from a “buy” rating to a “neutral” rating in a report on Monday, July 14th. Susquehanna upped their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a report on Friday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of TechnipFMC in a research report on Wednesday. Citigroup reiterated a “buy” rating and issued a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Finally, Evercore ISI upped their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.67.

TechnipFMC Stock Down 3.1%

Shares of FTI stock opened at $35.77 on Friday. TechnipFMC has a 12 month low of $22.11 and a 12 month high of $41.29. The stock has a market cap of $14.70 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.15 and a beta of 1.04. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $37.59 and a two-hundred day simple moving average of $33.48.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating 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 business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. On average, research analysts expect that TechnipFMC will post 1.63 earnings per share for the current year.

Insider Activity at TechnipFMC

In related news, CFO Alf Melin sold 113,760 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $38.61, for a total transaction of $4,392,273.60. Following the completion of the transaction, the chief financial officer owned 241,140 shares in the company, valued at approximately $9,310,415.40. This represents a 32.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company’s stock in a transaction on Friday, July 25th. The stock was 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 approximately $2,337,743.36. This represents a 12.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 885,984 shares of company stock worth $34,180,811 in the last three months. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its stake in TechnipFMC by 9.0% during the first quarter. Ameriprise Financial Inc. now owns 18,030,976 shares of the oil and gas company’s stock valued at $571,583,000 after purchasing an additional 1,492,746 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in TechnipFMC by 1.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,141,701 shares of the oil and gas company’s stock valued at $349,280,000 after purchasing an additional 189,637 shares in the last quarter. AQR Capital Management LLC raised its stake in TechnipFMC by 13.8% during the second quarter. AQR Capital Management LLC now owns 9,938,410 shares of the oil and gas company’s stock valued at $342,279,000 after purchasing an additional 1,202,713 shares in the last quarter. Boston Partners raised its stake in TechnipFMC by 267.5% during the second quarter. Boston Partners now owns 9,669,433 shares of the oil and gas company’s stock valued at $333,041,000 after purchasing an additional 7,038,640 shares in the last quarter. Finally, Invesco Ltd. raised its stake in TechnipFMC by 18.0% during the first quarter. Invesco Ltd. now owns 7,458,847 shares of the oil and gas company’s stock valued at $236,371,000 after purchasing an additional 1,136,554 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

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.