TechnipFMC plc (NYSE:FTI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of TechnipFMC plc (NYSE:FTI) have been assigned an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $70.00.

A number of equities research analysts recently commented on the stock. Citigroup increased their target price on shares of TechnipFMC from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Wall Street Zen lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, September 10th. UBS Group set a $80.00 price objective on TechnipFMC in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of TechnipFMC in a research note on Wednesday, June 3rd.

TechnipFMC Price Performance

FTI opened at $71.96 on Monday. The firm has a market capitalization of $28.22 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.44 and a beta of 0.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85. The business’s 50-day moving average is $74.89 and its two-hundred day moving average is $71.32. TechnipFMC has a 1 year low of $35.29 and a 1 year high of $80.70.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Research analysts anticipate that TechnipFMC will post 3.17 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 18th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, August 18th. TechnipFMC’s dividend payout ratio (DPR) is currently 6.94%.

Insider Buying and Selling at TechnipFMC

In related news, Director Eric Mullins acquired 6,365 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were purchased at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the completion of the acquisition, the director directly owned 8,070 shares in the company, valued at $633,898.50. The trade was a 373.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FTI. Sequoia Financial Advisors LLC raised its holdings in shares of TechnipFMC by 2.7% in the second quarter. Sequoia Financial Advisors LLC now owns 14,808 shares of the oil and gas company’s stock worth $982,000 after buying an additional 386 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of TechnipFMC by 63.4% during the second quarter. Tidal Investments LLC now owns 30,475 shares of the oil and gas company’s stock valued at $2,020,000 after buying an additional 11,822 shares during the last quarter. National Pension Service acquired a new position in shares of TechnipFMC in the 2nd quarter valued at $40,511,000. WINTON GROUP Ltd purchased a new position in TechnipFMC in the 2nd quarter worth $325,000. Finally, Integrated Wealth Concepts LLC raised its stake in TechnipFMC by 36.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 76,883 shares of the oil and gas company’s stock worth $5,097,000 after acquiring an additional 20,406 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

About TechnipFMC

TechnipFMC plc (NYSE: FTI) is an energy technology company that provides systems, products and services for the development and production of oil and natural gas resources. Its business is organized primarily into Subsea and Surface Technologies, serving energy companies, contractors and other customers across the global energy industry.

The Subsea segment designs and delivers integrated offshore production systems, subsea equipment and related services. Its offerings include subsea trees, manifolds, controls, risers, flexible pipe and other technologies used to develop offshore fields.