Griffin Securities reissued their buy rating on shares of TechnipFMC (NYSE:FTI) in a research report report published on Monday, Zacks.com reports. Griffin Securities also issued estimates for TechnipFMC’s Q4 2020 earnings at $0.16 EPS, Q1 2021 earnings at $0.09 EPS, Q2 2021 earnings at $0.16 EPS, Q3 2021 earnings at $0.20 EPS, Q4 2021 earnings at $0.22 EPS and FY2021 earnings at $0.65 EPS.
Other equities analysts also recently issued reports about the company. Societe Generale raised TechnipFMC from a hold rating to a buy rating and set a $8.89 price objective for the company in a research report on Monday. Kepler Capital Markets reaffirmed a hold rating on shares of TechnipFMC in a report on Friday, July 31st. Morgan Stanley upped their price target on TechnipFMC from $9.30 to $9.80 and gave the company an overweight rating in a report on Monday, August 31st. ValuEngine downgraded TechnipFMC from a buy rating to a hold rating in a report on Monday, August 3rd. Finally, Tudor Pickering raised TechnipFMC from a hold rating to a buy rating in a report on Wednesday, July 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $11.73.
NYSE FTI opened at $5.37 on Monday. TechnipFMC has a 1-year low of $4.49 and a 1-year high of $21.84. The company has a market cap of $2.41 billion, a P/E ratio of -0.43, a P/E/G ratio of 0.82 and a beta of 2.07. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.16 and a quick ratio of 1.02. The stock has a 50-day moving average of $6.70 and a two-hundred day moving average of $7.55.
TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Wednesday, October 21st. The oil and gas company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.04). TechnipFMC had a positive return on equity of 0.93% and a negative net margin of 42.22%. During the same period last year, the company earned $0.12 EPS. On average, analysts anticipate that TechnipFMC will post 0.38 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in FTI. Morgan Stanley grew its holdings in TechnipFMC by 308.4% during the first quarter. Morgan Stanley now owns 2,070,779 shares of the oil and gas company’s stock worth $13,956,000 after acquiring an additional 1,563,756 shares during the period. Advisor Group Holdings Inc. acquired a new position in TechnipFMC during the first quarter worth $64,000. FDx Advisors Inc. acquired a new position in TechnipFMC during the first quarter worth $228,000. The Manufacturers Life Insurance Company grew its holdings in TechnipFMC by 10.9% during the first quarter. The Manufacturers Life Insurance Company now owns 609,821 shares of the oil and gas company’s stock worth $4,110,000 after acquiring an additional 59,929 shares during the period. Finally, Public Employees Retirement Association of Colorado grew its holdings in TechnipFMC by 3.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 56,937 shares of the oil and gas company’s stock valued at $384,000 after purchasing an additional 2,132 shares during the last quarter. 76.29% of the stock is currently owned by hedge funds and other institutional investors.
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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