TechnipFMC (NYSE:FTI) Stock Breaks Below 200 Day Moving Average – Should You Sell?

TechnipFMC plc (NYSE:FTI) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $68.90 and traded as low as $66.30. TechnipFMC shares last traded at $66.9960, with a volume of 4,496,975 shares traded.

Trending Headlines about TechnipFMC

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: The results reinforce TechnipFMC’s earnings momentum, with profitability and revenue both ahead of expectations. Management’s commentary also highlighted a potentially extended deepwater investment cycle and continued subsea demand. TechnipFMC Third-Quarter Earnings Results
• Positive Sentiment: Investors continue to view TechnipFMC as a growth-at-a-reasonable-price and momentum candidate, supported by subsea contract wins, backlog growth and exposure to deepwater projects. GARP Stocks Article
• Neutral Sentiment: The company declared a quarterly dividend of $0.05 per share, equivalent to $0.20 annually. The modest 0.3% yield provides some shareholder return but is unlikely to be a major driver of the stock.
• Negative Sentiment: Near-term concerns may be offsetting the earnings beat. Reports point to delays in Middle East project restarts and a softer short-term outlook, creating uncertainty around the timing of backlog conversion and future growth. TechnipFMC Deepwater Demand Analysis
• Negative Sentiment: The market reaction indicates that investors may have expected stronger guidance or additional upside beyond the already favorable quarterly numbers. The stock remains below its 50-day moving average, which could add technical pressure after the results.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FTI. Citigroup upped their target price on TechnipFMC from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, September 15th. Weiss Ratings raised TechnipFMC from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. Zacks Research raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Susquehanna dropped their price objective on TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a report on Wednesday, July 8th. Finally, Wall Street Zen downgraded TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $74.83.

TechnipFMC Trading Down 6.2%

The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $26.27 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 1.14 and a beta of 0.83. The company has a 50-day moving average price of $72.50 and a 200 day moving average price of $68.90.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, October 29th. The oil and gas company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.88 by $0.17. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.79 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share. On average, research analysts forecast that TechnipFMC plc will post 3.20 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Tuesday, November 17th will be 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 is Tuesday, November 17th. TechnipFMC’s dividend payout ratio (DPR) is currently 6.94%.

Insider Activity at TechnipFMC

In other news, insider Thierry Conti sold 6,000 shares of TechnipFMC stock in a transaction on Monday, September 21st. The shares were sold at an average price of $71.85, for a total transaction of $431,100.00. Following the completion of the sale, the insider directly owned 85,813 shares in the company, valued at approximately $6,165,664.05. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Mullins bought 6,365 shares of TechnipFMC stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of $78.55 per share, with a total value of $499,970.75. Following the purchase, the director directly owned 8,070 shares in the company, valued at $633,898.50. The trade was a 373.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

Several hedge funds have recently added to or reduced their stakes in the business. Virtue Capital Management LLC acquired a new stake in shares of TechnipFMC during the 3rd quarter worth approximately $384,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of TechnipFMC by 195.5% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,791,873 shares of the oil and gas company’s stock valued at $189,624,000 after purchasing an additional 1,847,158 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in TechnipFMC during the third quarter worth $633,000. MGO One Seven LLC boosted its holdings in TechnipFMC by 8.1% during the third quarter. MGO One Seven LLC now owns 24,284 shares of the oil and gas company’s stock worth $1,649,000 after buying an additional 1,821 shares in the last quarter. Finally, Soltis Investment Advisors LLC grew its position in TechnipFMC by 5.9% during the third quarter. Soltis Investment Advisors LLC now owns 6,761 shares of the oil and gas company’s stock valued at $459,000 after buying an additional 375 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Company Profile

TechnipFMC plc (NYSE: FTI) is an energy technology and services company that designs, manufactures and delivers equipment and integrated solutions for the exploration, development and production of oil and natural gas resources. The company serves energy operators, engineering and construction firms, and other participants across the global energy industry.

TechnipFMC operates through two principal areas: Subsea and Surface Technologies. Its subsea business provides subsea production systems, subsea services, installation solutions and related technologies used to develop offshore fields.