TechnipFMC plc (FTI) – What Are Brokerages Saying About This Stock?

TechnipFMC plc (NYSE:FTI) has received an average recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $78.18.

A number of research analysts have issued reports on the company. UBS Group started coverage on TechnipFMC in a report on Monday, October 12th. They set a “buy” rating and a $89.00 price objective for the company. Citigroup upped their target price on shares of TechnipFMC from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Zacks Research upgraded shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Piper Sandler lifted their price target on shares of TechnipFMC from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, November 3rd. Finally, Wall Street Zen downgraded shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, August 1st.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, insider Thierry Conti sold 6,000 shares of TechnipFMC stock in a transaction on Monday, September 21st. The shares were sold at an average price of $71.85, for a total transaction of $431,100.00. Following the completion of the sale, the insider owned 85,813 shares of the company’s stock, valued at approximately $6,165,664.05. The trade was a 6.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric D. Mullins bought 6,365 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were bought at an average price of $78.55 per share, with a total value of $499,970.75. Following the completion of the transaction, the director directly owned 8,070 shares in the company, valued at approximately $633,898.50. This trade represents a 373.31% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of TechnipFMC

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in TechnipFMC during the 2nd quarter worth approximately $3,081,514,000. Bank of America Corp DE acquired a new stake in shares of TechnipFMC in the second quarter valued at approximately $226,069,000. Aberdeen Group plc lifted its position in shares of TechnipFMC by 3,983.5% in the third quarter. Aberdeen Group plc now owns 2,682,761 shares of the oil and gas company’s stock worth $182,213,000 after purchasing an additional 2,617,064 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of TechnipFMC during the 2nd quarter worth about $173,262,000. Finally, Danske Bank A S acquired a new position in TechnipFMC during the second quarter valued at approximately $163,822,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Stock Up 0.6%

NYSE FTI opened at $63.92 on Tuesday. TechnipFMC has a 1-year low of $42.46 and a 1-year high of $80.70. The company has a market capitalization of $24.86 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.01 and a beta of 0.89. The stock’s 50 day moving average is $70.93 and its two-hundred day moving average is $69.36. The company has a current ratio of 1.09, a quick ratio of 0.86 and a debt-to-equity ratio of 0.10.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, October 29th. The oil and gas company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.17. The business had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.79 billion. TechnipFMC had a return on equity of 39.82% and a net margin of 12.04%. TechnipFMC’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 EPS. Equities analysts forecast that TechnipFMC will post 3.28 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Tuesday, November 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 17th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s payout ratio is currently 6.29%.

TechnipFMC Company Profile

TechnipFMC is a global technology and services company serving the energy industry. It designs and delivers equipment and solutions for offshore and onshore oil and gas projects, with a particular focus on subsea production and related services.

Its offerings include subsea production systems, subsea installation and project services, and surface wellhead and production equipment. TechnipFMC also provides engineering and project-management capabilities, working with customers to develop and operate energy projects.

The company was formed in 2017 through the combination of Technip and FMC Technologies.