JPMorgan Chase & Co. Boosts TechnipFMC (NYSE:FTI) Price Target to $43.00

TechnipFMC (NYSE:FTI) had its target price boosted by JPMorgan Chase & Co. from $41.00 to $43.00 in a research note issued to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and gas company’s stock.

Several other equities analysts have also recently commented on the stock. Barclays raised their target price on shares of TechnipFMC from $45.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, July 25th. Royal Bank Of Canada raised their price objective on shares of TechnipFMC from $37.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. Evercore ISI boosted their target price on TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Wall Street Zen downgraded TechnipFMC from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Citigroup reiterated a “buy” rating and set a $41.00 price target (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.21.

TechnipFMC Trading Down 1.0%

Shares of FTI stock opened at $38.02 on Thursday. TechnipFMC has a 1 year low of $22.11 and a 1 year high of $41.29. The firm has a market capitalization of $15.63 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04. The stock has a fifty day moving average of $37.51 and a two-hundred day moving average of $33.22. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.86 and a current ratio of 1.10.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, research analysts expect that TechnipFMC will post 1.63 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.5%. TechnipFMC’s dividend payout ratio is currently 9.43%.

Insider Buying and Selling

In other news, insider Thierry Conti sold 50,000 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the sale, the insider directly owned 56,352 shares of the company’s stock, valued at $2,177,441.28. The trade was a 47.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director directly owned 62,978 shares of the company’s stock, valued at approximately $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 885,984 shares of company stock worth $34,180,811 over the last quarter. 1.80% of the stock is currently owned by insiders.

Institutional Trading of TechnipFMC

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its holdings in shares of TechnipFMC by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 1,462,924 shares of the oil and gas company’s stock valued at $46,360,000 after acquiring an additional 8,823 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of TechnipFMC in the first quarter valued at $205,000. Credit Agricole S A boosted its position in shares of TechnipFMC by 170.3% in the first quarter. Credit Agricole S A now owns 94,097 shares of the oil and gas company’s stock worth $2,982,000 after buying an additional 59,281 shares during the period. Stephens Investment Management Group LLC grew its holdings in shares of TechnipFMC by 0.8% during the first quarter. Stephens Investment Management Group LLC now owns 3,439,595 shares of the oil and gas company’s stock valued at $109,001,000 after buying an additional 27,884 shares in the last quarter. Finally, OMNI 360 Wealth Inc. acquired a new position in TechnipFMC during the second quarter valued at $226,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.