TechnipFMC plc (NYSE:FTI) Receives $27.21 Average PT from Brokerages

TechnipFMC plc (NYSE:FTI) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $27.21.

FTI has been the topic of several recent research reports. Bank of America upped their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday, April 15th. HSBC cut shares of TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price target on the stock. in a research note on Friday, February 23rd. TD Cowen lifted their price objective on shares of TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, April 26th. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research report on Sunday, April 28th. Finally, Susquehanna lifted their price target on TechnipFMC from $27.00 to $34.00 and gave the company a “positive” rating in a research report on Friday, April 26th.

Institutional Investors Weigh In On TechnipFMC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brown Advisory Inc. purchased a new position in shares of TechnipFMC in the fourth quarter valued at $830,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of TechnipFMC in the 4th quarter worth about $37,976,000. Cerity Partners LLC purchased a new stake in shares of TechnipFMC during the 4th quarter valued at about $6,836,000. Natixis Advisors L.P. lifted its holdings in shares of TechnipFMC by 198.2% in the 4th quarter. Natixis Advisors L.P. now owns 160,804 shares of the oil and gas company’s stock valued at $3,238,000 after acquiring an additional 106,884 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in TechnipFMC by 71.1% in the fourth quarter. SG Americas Securities LLC now owns 152,526 shares of the oil and gas company’s stock worth $3,072,000 after acquiring an additional 63,378 shares in the last quarter. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Performance

Shares of TechnipFMC stock opened at $24.25 on Tuesday. The firm has a market capitalization of $10.45 billion, a P/E ratio of 51.60 and a beta of 1.58. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $25.79 and its 200 day simple moving average is $22.69. TechnipFMC has a 12 month low of $14.59 and a 12 month high of $27.30.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The business’s revenue was up 18.9% on a year-over-year basis. As a group, analysts anticipate that TechnipFMC will post 1.18 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, May 20th. TechnipFMC’s dividend payout ratio is presently 42.55%.

About TechnipFMC

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.