TechnipFMC plc (NYSE:FTI) Short Interest Update

TechnipFMC plc (NYSE:FTI) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 8,840,000 shares, a decline of 10.3% from the September 15th total of 9,850,000 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,030,000 shares, the days-to-cover ratio is currently 2.2 days.

Institutional Investors Weigh In On TechnipFMC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oak Thistle LLC increased its holdings in TechnipFMC by 3.2% during the 2nd quarter. Oak Thistle LLC now owns 13,705 shares of the oil and gas company’s stock valued at $358,000 after purchasing an additional 421 shares during the period. Pallas Capital Advisors LLC increased its stake in shares of TechnipFMC by 5.1% during the second quarter. Pallas Capital Advisors LLC now owns 8,901 shares of the oil and gas company’s stock valued at $246,000 after buying an additional 433 shares during the period. GAMMA Investing LLC increased its stake in shares of TechnipFMC by 73.1% during the second quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock valued at $30,000 after buying an additional 492 shares during the period. Creative Planning raised its holdings in shares of TechnipFMC by 3.2% during the second quarter. Creative Planning now owns 17,392 shares of the oil and gas company’s stock valued at $455,000 after acquiring an additional 546 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in TechnipFMC by 2.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,963 shares of the oil and gas company’s stock worth $702,000 after acquiring an additional 616 shares during the period. 96.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FTI has been the topic of several research analyst reports. StockNews.com cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Bank of America increased their price target on shares of TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Monday. Citigroup lifted their price objective on shares of TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. BMO Capital Markets upped their target price on shares of TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a research report on Thursday, October 10th. Finally, Susquehanna raised their price target on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.74.

TechnipFMC Trading Up 0.1 %

NYSE FTI traded up $0.03 during trading on Thursday, hitting $26.52. 2,165,424 shares of the company’s stock traded hands, compared to its average volume of 4,060,831. The stock has a fifty day moving average of $26.22 and a two-hundred day moving average of $26.21. TechnipFMC has a 12-month low of $18.33 and a 12-month high of $29.85. The firm has a market cap of $11.43 billion, a P/E ratio of 56.43 and a beta of 1.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.23 billion. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. TechnipFMC’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.10 EPS. As a group, sell-side analysts expect that TechnipFMC will post 1.37 EPS for the current year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, August 20th. TechnipFMC’s payout ratio is 42.55%.

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.