TechnipFMC plc (NYSE:FTI) to Issue $0.05 Quarterly Dividend

TechnipFMC plc (NYSE:FTI) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Stockholders of record on Tuesday, March 18th will be paid a dividend of 0.05 per share by the oil and gas company on Wednesday, April 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.72%.

TechnipFMC has a payout ratio of 8.0% meaning its dividend is sufficiently covered by earnings. Analysts expect TechnipFMC to earn $2.02 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 9.9%.

TechnipFMC Price Performance

NYSE FTI traded down $0.90 during trading hours on Tuesday, hitting $27.71. 5,685,980 shares of the company’s stock traded hands, compared to its average volume of 3,405,415. The company has a market capitalization of $11.79 billion, a PE ratio of 18.23 and a beta of 1.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC has a 52-week low of $21.28 and a 52-week high of $33.45. The firm’s 50-day moving average is $30.66 and its 200-day moving average is $28.55.

Analysts Set New Price Targets

A number of brokerages recently commented on FTI. TD Cowen restated a “buy” rating and set a $37.00 target price on shares of TechnipFMC in a report on Wednesday, November 27th. Hsbc Global Res raised shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Barclays raised their price target on shares of TechnipFMC from $37.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Citigroup upped their price objective on TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, HSBC upgraded TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $36.15.

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.