Susquehanna Forecasts Strong Price Appreciation for TechnipFMC (NYSE:FTI) Stock

TechnipFMC (NYSE:FTIGet Free Report) had its price target upped by stock analysts at Susquehanna from $56.00 to $71.00 in a report issued on Friday, MarketBeat reports. The firm currently has a “positive” rating on the oil and gas company’s stock. Susquehanna’s price target would indicate a potential upside of 12.01% from the company’s current price.

Other equities analysts have also issued research reports about the stock. HSBC lowered shares of TechnipFMC from a “buy” rating to a “hold” rating and lifted their target price for the company from $49.00 to $62.00 in a report on Friday. Citigroup raised their price objective on TechnipFMC from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Zacks Research raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of TechnipFMC in a report on Thursday, January 22nd. Finally, Jefferies Financial Group upped their price target on TechnipFMC from $47.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $55.08.

View Our Latest Stock Analysis on TechnipFMC

TechnipFMC Stock Performance

Shares of NYSE:FTI opened at $63.39 on Friday. The business has a 50-day moving average of $52.38 and a two-hundred day moving average of $44.30. The firm has a market capitalization of $25.64 billion, a PE ratio of 27.44, a P/E/G ratio of 1.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.13 and a quick ratio of 0.90. TechnipFMC has a 12 month low of $22.11 and a 12 month high of $63.51.

TechnipFMC (NYSE:FTIGet Free Report) last released its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.19. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The company’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. As a group, research analysts forecast that TechnipFMC will post 1.63 earnings per share for the current year.

Institutional Trading of TechnipFMC

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in TechnipFMC by 26.7% during the 4th quarter. AQR Capital Management LLC now owns 16,866,408 shares of the oil and gas company’s stock valued at $751,567,000 after acquiring an additional 3,549,839 shares during the last quarter. State Street Corp lifted its position in shares of TechnipFMC by 62.2% during the third quarter. State Street Corp now owns 12,884,052 shares of the oil and gas company’s stock worth $508,276,000 after purchasing an additional 4,938,498 shares during the last quarter. Invesco Ltd. lifted its position in shares of TechnipFMC by 64.9% during the fourth quarter. Invesco Ltd. now owns 11,272,089 shares of the oil and gas company’s stock worth $502,284,000 after purchasing an additional 4,437,960 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in TechnipFMC by 2.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,374,192 shares of the oil and gas company’s stock worth $409,262,000 after purchasing an additional 232,491 shares in the last quarter. Finally, Boston Partners increased its holdings in TechnipFMC by 2.0% in the third quarter. Boston Partners now owns 9,861,982 shares of the oil and gas company’s stock valued at $389,018,000 after buying an additional 192,549 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

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TechnipFMC Company Profile

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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.

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Analyst Recommendations for TechnipFMC (NYSE:FTI)

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