TechnipFMC (NYSE:FTI) Price Target Raised to $43.00

TechnipFMC (NYSE:FTI) had its target price upped by JPMorgan Chase & Co. from $41.00 to $43.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

Other equities analysts have also issued reports about the company. Barclays upped their target price on TechnipFMC from $45.00 to $51.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Evercore ISI lifted their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Citigroup reiterated a “buy” rating and set a $41.00 price objective (up from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Wall Street Zen lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Susquehanna boosted their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.21.

TechnipFMC Stock Down 1.0%

Shares of TechnipFMC stock opened at $38.02 on Thursday. The business has a 50-day moving average of $37.51 and a 200-day moving average of $33.22. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86. The company has a market capitalization of $15.63 billion, a PE ratio of 17.94, a P/E/G ratio of 1.22 and a beta of 1.04. TechnipFMC has a 1-year low of $22.11 and a 1-year high of $41.29.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.57 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that TechnipFMC will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Tuesday, August 19th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. TechnipFMC’s payout ratio is 9.43%.

Insider Buying and Selling at TechnipFMC

In other news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $37.12, for a total transaction of $348,222.72. Following the completion of the transaction, the director directly owned 62,978 shares of the company’s stock, valued at approximately $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alf Melin sold 113,760 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.61, for a total value of $4,392,273.60. Following the sale, the chief financial officer owned 241,140 shares in the company, valued at $9,310,415.40. The trade was a 32.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 885,984 shares of company stock worth $34,180,811 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FTI. Diversified Trust Co lifted its stake in TechnipFMC by 0.8% in the second quarter. Diversified Trust Co now owns 40,830 shares of the oil and gas company’s stock valued at $1,406,000 after buying an additional 306 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of 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 acquiring an additional 340 shares during the period. Financial Network Wealth Advisors LLC increased its holdings in shares of TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 346 shares during the period. Diversify Advisory Services LLC lifted its position in TechnipFMC by 5.1% in the 1st quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company’s stock valued at $238,000 after purchasing an additional 362 shares during the last quarter. Finally, Acuitas Investments LLC boosted its stake in TechnipFMC by 13.4% during the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 400 shares during the period. 96.58% of the stock is currently owned by institutional investors.

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.