TechnipFMC plc (NYSE:FTI) Given Average Rating of “Moderate Buy” by Brokerages

Shares of TechnipFMC plc (NYSE:FTI) have earned an average rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $61.7333.

Several equities analysts have commented on FTI shares. TD Cowen restated a “buy” rating on shares of TechnipFMC in a research note on Friday, February 20th. Weiss Ratings cut TechnipFMC from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. Royal Bank Of Canada upped their price target on TechnipFMC from $47.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Wall Street Zen lowered TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Finally, UBS Group set a $70.00 price objective on TechnipFMC in a research note on Friday, February 20th.

Insider Activity at TechnipFMC

In other news, CFO Alf Melin sold 83,721 shares of TechnipFMC stock in a transaction on Monday, March 9th. The shares were sold at an average price of $61.83, for a total transaction of $5,176,469.43. Following the completion of the sale, the chief financial officer directly owned 282,537 shares of the company’s stock, valued at approximately $17,469,262.71. The trade was a 22.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Justin Rounce sold 172,276 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.10, for a total transaction of $10,698,339.60. Following the transaction, the executive vice president owned 119,667 shares of the company’s stock, valued at approximately $7,431,320.70. The trade was a 59.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,216,442 shares of company stock worth $75,762,414 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Institutional Trading of TechnipFMC

A number of hedge funds and other institutional investors have recently bought and sold shares of FTI. AE Wealth Management LLC increased its stake in TechnipFMC by 38.0% in the third quarter. AE Wealth Management LLC now owns 183,603 shares of the oil and gas company’s stock valued at $7,243,000 after purchasing an additional 50,593 shares during the last quarter. Lingohr Asset Management GmbH lifted its position in shares of TechnipFMC by 461.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 212,295 shares of the oil and gas company’s stock worth $8,375,000 after buying an additional 174,500 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of TechnipFMC by 80.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,172,213 shares of the oil and gas company’s stock valued at $125,144,000 after buying an additional 1,415,621 shares during the last quarter. Rothschild Investment LLC grew its position in shares of TechnipFMC by 25,468.9% in the 3rd quarter. Rothschild Investment LLC now owns 11,506 shares of the oil and gas company’s stock valued at $454,000 after buying an additional 11,461 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in TechnipFMC by 8.4% during the 3rd quarter. New York State Common Retirement Fund now owns 305,535 shares of the oil and gas company’s stock worth $12,053,000 after acquiring an additional 23,600 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Trading Up 0.3%

NYSE FTI opened at $72.42 on Friday. The firm has a 50 day simple moving average of $67.67 and a 200-day simple moving average of $53.65. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.89 and a current ratio of 1.13. TechnipFMC has a one year low of $25.70 and a one year high of $75.52. The firm has a market cap of $29.08 billion, a price-to-earnings ratio of 31.35, a PEG ratio of 1.47 and a beta of 0.71.

TechnipFMC (NYSE:FTI) last announced its earnings results on Saturday, February 14th. The oil and gas company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.19. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.54 billion. TechnipFMC had a net margin of 9.70% and a return on equity of 31.14%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Equities research analysts anticipate that TechnipFMC will post 2.92 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Tuesday, March 17th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC’s payout ratio is currently 8.66%.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.