TechnipFMC (NYSE:FTI) Given New $80.00 Price Target at Royal Bank Of Canada

TechnipFMC (NYSE:FTI) had its price target lifted by Royal Bank Of Canada from $78.00 to $80.00 in a report published on Friday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the oil and gas company’s stock.

Several other research firms also recently commented on FTI. Evercore reiterated an “outperform” rating and issued a $83.00 price objective on shares of TechnipFMC in a report on Friday. Weiss Ratings cut shares of TechnipFMC from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, April 21st. Wall Street Zen lowered TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, April 4th. Barclays upped their price objective on TechnipFMC from $69.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday. Finally, TD Cowen reissued a “buy” rating on shares of TechnipFMC in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.40.

TechnipFMC Stock Up 0.3%

FTI traded up $0.20 during trading on Friday, hitting $75.77. 5,761,633 shares of the company’s stock traded hands, compared to its average volume of 3,339,472. The stock has a market capitalization of $30.43 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.54 and a beta of 0.74. The company’s 50 day simple moving average is $69.08 and its two-hundred day simple moving average is $54.98. TechnipFMC has a 12-month low of $28.87 and a 12-month high of $77.78. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.52 billion. TechnipFMC had a return on equity of 34.08% and a net margin of 10.62%.The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. Analysts predict that TechnipFMC will post 2.92 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Stockholders of record on Tuesday, May 19th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is 7.63%.

Insider Activity at TechnipFMC

In related news, EVP Luana Duffe sold 47,951 shares of TechnipFMC stock in a transaction 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 transaction, the executive vice president owned 78,871 shares in the company, valued at approximately $4,923,916.53. The trade was a 37.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Rousset Sophie Zurquiyah sold 6,350 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $69.32, for a total value of $440,182.00. Following the completion of the sale, the director owned 59,887 shares of the company’s stock, valued at $4,151,366.84. The trade was a 9.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,216,442 shares of company stock worth $75,762,414 in the last 90 days. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

A number of institutional investors have recently added to or reduced their stakes in FTI. AE Wealth Management LLC grew its position in shares of TechnipFMC by 38.0% during the third quarter. AE Wealth Management LLC now owns 183,603 shares of the oil and gas company’s stock valued at $7,243,000 after purchasing an additional 50,593 shares in the last quarter. Lingohr Asset Management GmbH grew its position in TechnipFMC by 461.7% in the third quarter. Lingohr Asset Management GmbH now owns 212,295 shares of the oil and gas company’s stock worth $8,375,000 after acquiring an additional 174,500 shares in the last quarter. Bank of New York Mellon Corp grew its position in TechnipFMC by 80.6% in the third quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company’s stock worth $125,144,000 after acquiring an additional 1,415,621 shares in the last quarter. Rothschild Investment LLC increased its stake in TechnipFMC by 25,468.9% during the third quarter. Rothschild Investment LLC now owns 11,506 shares of the oil and gas company’s stock worth $454,000 after acquiring an additional 11,461 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in TechnipFMC by 8.4% during the third quarter. New York State Common Retirement Fund now owns 305,535 shares of the oil and gas company’s stock worth $12,053,000 after acquiring an additional 23,600 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting TechnipFMC

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Major brokerages raised targets and ratings — Susquehanna bumped its target to $90 (positive rating) and RBC raised its target to $80 with an “outperform” call; those upgrades support further upside and helped lift sentiment. Benzinga The Fly
• Positive Sentiment: Q1 EPS topped estimates — TechnipFMC reported $0.64 EPS vs. $0.57 consensus, showing margin improvement and stronger profitability versus last year; that beat is a clear near-term positive for the stock. Zacks EPS Beat
• Positive Sentiment: Momentum and growth narrative — Coverage noting a 52‑week high and a bullish growth case (better-than-average financial growth) supports momentum trading and longer-term conviction. Zacks 52‑week high Zacks growth note
• Neutral Sentiment: FY revenue guidance is a mixed/tepid signal — management reiterated a FY revenue range (~$10.4B–$10.9B) roughly centered on consensus, which tempers both upside surprise and downside risk; investors will watch execution against that band. Slide deck
• Neutral Sentiment: Analyst and press coverage increases visibility — multiple writeups and the earnings presentation raise investor attention (can amplify moves in either direction). Seeking Alpha
• Negative Sentiment: Revenue narrowly missed expectations — Q1 sales were $2.49B vs. $2.52B consensus, which offsets some of the positive EPS reaction and keeps focus on backlog and order flow. Yahoo Finance
• Negative Sentiment: Short-term volatility possible after the print — despite outperforming peers in some coverage, mixed top-line and guidance breadth mean profit-taking or rotation could occur even as brokers raise targets. MarketWatch

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.