TechnipFMC plc (NYSE:FTI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of TechnipFMC plc (NYSE:FTI) have been given a consensus rating of “Moderate Buy” by 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 issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $70.00.

FTI has been the topic of a number of analyst reports. UBS Group set a $80.00 price objective on shares of TechnipFMC in a research report on Wednesday, June 3rd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. Citigroup increased their price target on TechnipFMC from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, September 10th. Finally, Susquehanna decreased their price objective on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th.

TechnipFMC Price Performance

Shares of FTI stock opened at $71.96 on Monday. TechnipFMC has a twelve month low of $35.29 and a twelve month high of $80.70. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $74.89 and a two-hundred day simple moving average of $71.29. The stock has a market capitalization of $28.22 billion, a price-to-earnings ratio of 24.99, a P/E/G ratio of 1.45 and a beta of 0.74.

TechnipFMC (NYSE:FTI) last issued 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. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. TechnipFMC’s revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. On average, analysts predict that TechnipFMC will post 3.17 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, August 18th. TechnipFMC’s dividend payout ratio is presently 6.94%.

Insider Transactions at TechnipFMC

In other news, Director Eric Mullins bought 6,365 shares of TechnipFMC stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the purchase, the director directly owned 8,070 shares of the company’s stock, valued at approximately $633,898.50. The trade was a 373.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in TechnipFMC during the 2nd quarter valued at approximately $3,081,514,000. Geode Capital Management LLC raised its holdings in shares of TechnipFMC by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 7,577,261 shares of the oil and gas company’s stock worth $337,714,000 after purchasing an additional 193,244 shares during the last quarter. Amundi lifted its position in TechnipFMC by 72.6% during the second quarter. Amundi now owns 4,358,115 shares of the oil and gas company’s stock valued at $288,943,000 after purchasing an additional 1,832,581 shares during the period. Bank of America Corp DE purchased a new stake in TechnipFMC in the second quarter valued at $226,069,000. Finally, Norges Bank purchased a new stake in TechnipFMC in the fourth quarter valued at $205,468,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

About TechnipFMC

TechnipFMC plc (NYSE: FTI) is an energy technology company that provides systems, products and services for the development and production of oil and natural gas resources. Its business is organized primarily into Subsea and Surface Technologies, serving energy companies, contractors and other customers across the global energy industry.

The Subsea segment designs and delivers integrated offshore production systems, subsea equipment and related services. Its offerings include subsea trees, manifolds, controls, risers, flexible pipe and other technologies used to develop offshore fields.