TechnipFMC plc (NYSE:FTI) Receives $25.34 Consensus PT from Brokerages

TechnipFMC plc (NYSE:FTI) has been assigned a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $25.34.

FTI has been the topic of a number of recent research reports. Barclays boosted their price objective on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. TD Cowen boosted their price target on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Benchmark reissued a “buy” rating and issued a $30.00 price target (up previously from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price on the stock. in a research report on Friday, February 23rd. Finally, StockNews.com downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th.

TechnipFMC Stock Performance

NYSE:FTI opened at $25.71 on Monday. The company has a market cap of $11.24 billion, a P/E ratio of 214.27 and a beta of 1.65. The firm’s 50 day moving average is $23.93 and its two-hundred day moving average is $21.46. TechnipFMC has a fifty-two week low of $12.64 and a fifty-two week high of $27.26. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The business’s quarterly revenue was up 22.6% on a year-over-year basis. During the same period last year, the company posted ($0.05) EPS. Analysts expect that TechnipFMC will post 1.15 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Monday, May 20th. TechnipFMC’s dividend payout ratio (DPR) is presently 166.68%.

Insider Activity at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the sale, the director now directly owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On TechnipFMC

Several hedge funds and other institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in shares of TechnipFMC during the third quarter worth approximately $2,633,000. Ballentine Partners LLC acquired a new stake in TechnipFMC in the third quarter worth approximately $203,000. Xponance Inc. boosted its stake in TechnipFMC by 128.1% during the 3rd quarter. Xponance Inc. now owns 34,638 shares of the oil and gas company’s stock valued at $705,000 after purchasing an additional 19,451 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of TechnipFMC by 14.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 12,994 shares of the oil and gas company’s stock valued at $264,000 after purchasing an additional 1,674 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TechnipFMC by 17.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,829 shares of the oil and gas company’s stock worth $1,820,000 after buying an additional 13,265 shares in the last quarter. Institutional investors and hedge funds 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.