TechnipFMC (FTI) Cut to “Sell” at ValuEngine

Share on StockTwits

TechnipFMC (NYSE:FTI) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other research firms have also recently commented on FTI. Societe Generale raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, October 10th. JPMorgan Chase & Co. lifted their price objective on shares of TechnipFMC from $36.00 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, September 17th. Cowen reaffirmed a “buy” rating and set a $37.00 price objective on shares of TechnipFMC in a research report on Friday, October 12th. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Thursday, August 16th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of TechnipFMC in a research report on Tuesday, November 6th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.24.

NYSE:FTI opened at $21.00 on Thursday. TechnipFMC has a 1-year low of $20.98 and a 1-year high of $35.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.33 and a quick ratio of 1.19. The firm has a market capitalization of $10.12 billion, a P/E ratio of 20.27, a PEG ratio of 1.44 and a beta of 1.08.

TechnipFMC (NYSE:FTI) last released its earnings results on Wednesday, October 24th. The oil and gas company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.07). TechnipFMC had a net margin of 1.42% and a return on equity of 3.76%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.22 billion. As a group, sell-side analysts anticipate that TechnipFMC will post 1.31 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of TechnipFMC by 0.9% during the third quarter. Vanguard Group Inc. now owns 28,028,435 shares of the oil and gas company’s stock worth $875,888,000 after buying an additional 240,890 shares in the last quarter. Platinum Investment Management Ltd. lifted its holdings in shares of TechnipFMC by 1.2% during the third quarter. Platinum Investment Management Ltd. now owns 8,455,185 shares of the oil and gas company’s stock worth $264,225,000 after buying an additional 103,085 shares in the last quarter. Aviva PLC lifted its holdings in shares of TechnipFMC by 1.0% during the third quarter. Aviva PLC now owns 4,867,270 shares of the oil and gas company’s stock worth $153,192,000 after buying an additional 47,769 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of TechnipFMC by 8.8% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,636,187 shares of the oil and gas company’s stock worth $147,153,000 after buying an additional 374,400 shares in the last quarter. Finally, AXA lifted its holdings in shares of TechnipFMC by 2.5% during the third quarter. AXA now owns 4,523,245 shares of the oil and gas company’s stock worth $141,351,000 after buying an additional 112,235 shares in the last quarter. 64.83% of the stock is owned by institutional investors.

About TechnipFMC

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.

Featured Story: Is it better to buy a fund with a higher or lower NAV?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for TechnipFMC (NYSE:FTI)

Receive News & Ratings for TechnipFMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.