TechnipFMC plc (NYSE:FTI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

TechnipFMC plc (NYSE:FTI) has been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $58.4667.

A number of analysts have commented on the stock. The Goldman Sachs Group upped their target price on shares of TechnipFMC from $55.00 to $66.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. BMO Capital Markets lifted their price target on shares of TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a research note on Monday, February 23rd. Susquehanna upped their price objective on TechnipFMC from $56.00 to $71.00 and gave the stock a “positive” rating in a research note on Friday, February 20th. UBS Group set a $70.00 target price on TechnipFMC in a report on Friday, February 20th. Finally, TD Cowen reiterated a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th.

TechnipFMC Trading Down 1.2%

TechnipFMC stock opened at $65.40 on Monday. The business has a 50-day simple moving average of $60.00 and a two-hundred day simple moving average of $48.46. The company has a market cap of $26.26 billion, a P/E ratio of 28.31, a P/E/G ratio of 1.20 and a beta of 0.70. TechnipFMC has a 52-week low of $22.11 and a 52-week high of $68.29. The company has a quick ratio of 0.89, a current ratio of 1.13 and a debt-to-equity ratio of 0.13.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.19. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.54 billion. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. Analysts predict that TechnipFMC will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is 8.66%.

Insider Activity

In other TechnipFMC news, EVP Luana Duffe sold 47,951 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the sale, the executive vice president owned 78,871 shares in the company, valued at approximately $4,923,916.53. This trade represents a 37.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas J. Pferdehirt sold 733,424 shares of TechnipFMC stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $62.24, for a total transaction of $45,648,309.76. Following the transaction, the chief executive officer directly owned 2,411,852 shares in the company, valued at $150,113,668.48. This represents a 23.32% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,210,092 shares of company stock worth $75,322,232. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of TechnipFMC

Several institutional investors and hedge funds have recently modified their holdings of the company. Focus Partners Wealth boosted its holdings in TechnipFMC by 27.2% in the 1st quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock worth $764,000 after buying an additional 5,161 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of TechnipFMC by 45.3% in the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 340 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of TechnipFMC by 76.1% in the second quarter. Sivia Capital Partners LLC now owns 14,764 shares of the oil and gas company’s stock valued at $508,000 after acquiring an additional 6,381 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of TechnipFMC in the second quarter worth about $486,000. Finally, Creative Planning grew its position in shares of TechnipFMC by 50.5% during the second quarter. Creative Planning now owns 36,492 shares of the oil and gas company’s stock worth $1,257,000 after purchasing an additional 12,240 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Company Profile

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.