TechnipFMC plc (NYSE:FTI – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Investors of record on Tuesday, November 17th will be given a dividend of $0.05 per share by the oil and gas company on Wednesday, December 2nd. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date is Tuesday, November 17th.
TechnipFMC has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 1 years. TechnipFMC has a payout ratio of 8.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TechnipFMC to earn $3.72 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 5.4%.
TechnipFMC Trading Up 1.6%
Shares of FTI stock opened at $71.55 on Wednesday. TechnipFMC has a 12 month low of $40.52 and a 12 month high of $80.70. The stock has a 50-day moving average price of $72.84 and a 200 day moving average price of $68.70.
TechnipFMC (NYSE:FTI – Get Free Report) last released its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.67 billion. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. Equities analysts forecast that TechnipFMC will post 3.20 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have issued reports on FTI. Weiss Ratings raised shares of TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. Susquehanna dropped their target price 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. Citigroup upped their target price on shares of TechnipFMC from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Zacks Research raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Finally, UBS Group began coverage on TechnipFMC in a research report on Monday, October 12th. They issued a “buy” rating and a $89.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, TechnipFMC has a consensus rating of “Buy” and an average target price of $74.83.
Check Out Our Latest Report on FTI
About TechnipFMC
TechnipFMC plc (NYSE: FTI) is an energy technology and services company that designs, manufactures and delivers equipment and integrated solutions for the exploration, development and production of oil and natural gas resources. The company serves energy operators, engineering and construction firms, and other participants across the global energy industry.
TechnipFMC operates through two principal areas: Subsea and Surface Technologies. Its subsea business provides subsea production systems, subsea services, installation solutions and related technologies used to develop offshore fields.
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