TechnipFMC plc (NYSE:FTI) Receives $69.64 Consensus PT from Brokerages

TechnipFMC plc (NYSE:FTI) has earned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $69.6429.

Several research analysts have weighed in on FTI shares. Citigroup boosted their price target on TechnipFMC from $76.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Susquehanna decreased their price objective on TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. Wall Street Zen lowered TechnipFMC from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Royal Bank Of Canada increased their target price on TechnipFMC from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st.

TechnipFMC Stock Performance

Shares of NYSE FTI opened at $77.62 on Thursday. The company has a market cap of $30.44 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.58 and a beta of 0.72. TechnipFMC has a 12 month low of $35.29 and a 12 month high of $80.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85. The company has a 50-day simple moving average of $71.14 and a 200-day simple moving average of $69.21.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that TechnipFMC will post 3.09 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 18th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC’s payout ratio is 6.94%.

Insider Activity at TechnipFMC

In related news, Director Eric D. Mullins acquired 6,365 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of $78.55 per share, for a total transaction of $499,970.75. Following the acquisition, the director directly owned 8,070 shares in the company, valued at approximately $633,898.50. The trade was a 373.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TechnipFMC

A number of hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in TechnipFMC in the first quarter valued at $26,000. Newbridge Financial Services Group Inc. purchased a new position in TechnipFMC in the 3rd quarter worth approximately $32,000. Coppell Advisory Solutions LLC purchased a new position in shares of TechnipFMC in the second quarter valued at $35,000. Geneos Wealth Management Inc. boosted its position in 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 valued at $35,000 after buying an additional 340 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new position in TechnipFMC in the first quarter valued at about $37,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

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.