TechnipFMC PLC (NYSE:FTI) has earned an average rating of “Buy” from the twenty-six ratings firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eighteen have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.05.
A number of research firms recently commented on FTI. Wells Fargo & Co lifted their price objective on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. ValuEngine raised TechnipFMC from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Morgan Stanley set a $31.00 price target on TechnipFMC and gave the company a “buy” rating in a research note on Tuesday, February 26th. Exane BNP Paribas raised TechnipFMC from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 22nd. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of TechnipFMC in a research note on Friday, February 22nd.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Moody National Bank Trust Division raised its position in shares of TechnipFMC by 802.0% during the first quarter. Moody National Bank Trust Division now owns 1,353 shares of the oil and gas company’s stock worth $32,000 after purchasing an additional 1,203 shares during the period. CSat Investment Advisory L.P. raised its position in shares of TechnipFMC by 149.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,447 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 868 shares during the period. Shine Investment Advisory Services Inc. raised its position in shares of TechnipFMC by 64.2% during the fourth quarter. Shine Investment Advisory Services Inc. now owns 2,070 shares of the oil and gas company’s stock worth $41,000 after purchasing an additional 809 shares during the period. Penserra Capital Management LLC acquired a new position in shares of TechnipFMC during the fourth quarter worth approximately $121,000. Finally, First Mercantile Trust Co. raised its position in shares of TechnipFMC by 84.3% during the fourth quarter. First Mercantile Trust Co. now owns 7,008 shares of the oil and gas company’s stock worth $137,000 after purchasing an additional 3,206 shares during the period. 70.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of TechnipFMC stock traded down $0.25 during midday trading on Wednesday, reaching $24.42. The company had a trading volume of 3,152,541 shares, compared to its average volume of 4,093,092. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.29 and a quick ratio of 1.15. The firm has a market cap of $11.53 billion, a P/E ratio of 29.78, a P/E/G ratio of 3.08 and a beta of 1.24. TechnipFMC has a fifty-two week low of $18.20 and a fifty-two week high of $34.39.
TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Wednesday, February 20th. The oil and gas company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.46). The company had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.40 billion. TechnipFMC had a positive return on equity of 2.94% and a negative net margin of 15.31%. TechnipFMC’s revenue was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. Equities analysts anticipate that TechnipFMC will post 1.34 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 2.13%. The ex-dividend date was Monday, March 18th.
TechnipFMC Company Profile
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.
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