TechnipFMC plc (NYSE:FTI) Given Average Rating of “Moderate Buy” by Analysts

TechnipFMC plc (NYSE:FTI) has earned an average rating of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $48.5833.

Several analysts have commented on the stock. Susquehanna increased their price target on shares of TechnipFMC from $48.00 to $56.00 and gave the company a “positive” rating in a research report on Wednesday, January 7th. UBS Group reiterated an “outperform” rating on shares of TechnipFMC in a research note on Tuesday, October 28th. Weiss Ratings reissued a “buy (b)” rating on shares of TechnipFMC in a research report on Thursday, January 22nd. Jefferies Financial Group lifted their price target on shares of TechnipFMC from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, BNP Paribas Exane set a $47.00 price target on TechnipFMC and gave the stock an “outperform” rating in a research report on Friday, October 10th.

Institutional Investors Weigh In On TechnipFMC

Institutional investors have recently added to or reduced their stakes in the business. Focus Partners Wealth increased its holdings in shares of TechnipFMC by 27.2% during the first quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock valued at $764,000 after acquiring an additional 5,161 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in 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 purchasing an additional 340 shares in the last quarter. Sivia Capital Partners LLC grew its position in TechnipFMC by 76.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock worth $508,000 after purchasing an additional 6,381 shares during the last quarter. Farther Finance Advisors LLC increased its stake in TechnipFMC by 24.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,548 shares of the oil and gas company’s stock valued at $122,000 after purchasing an additional 689 shares in the last quarter. Finally, Truist Financial Corp increased its stake in TechnipFMC by 12.1% during the 2nd quarter. Truist Financial Corp now owns 48,819 shares of the oil and gas company’s stock valued at $1,681,000 after purchasing an additional 5,252 shares in the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Trading Down 0.4%

Shares of NYSE:FTI opened at $55.70 on Friday. The company has a market capitalization of $22.53 billion, a PE ratio of 24.87, a P/E/G ratio of 1.09 and a beta of 0.66. The company has a current ratio of 1.13, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. TechnipFMC has a 12-month low of $22.11 and a 12-month high of $56.93. The business’s fifty day simple moving average is $48.09 and its 200-day simple moving average is $41.68.

TechnipFMC declared that its Board of Directors has authorized a stock buyback program on Wednesday, October 22nd that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the oil and gas company to purchase up to 13.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.