TechnipFMC (NYSE:FTI) Price Target Raised to $45.00

TechnipFMC (NYSE:FTI - Get Free Report) had its target price lifted by Barclays from $43.00 to $45.00 in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm currently has an "overweight" rating on the oil and gas company's stock. Barclays's target price indicates a potential upside of 60.71% from the stock's current price.

A number of other research firms have also recently weighed in on FTI. Evercore ISI upped their price target on TechnipFMC from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Susquehanna decreased their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, StockNews.com cut TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, TechnipFMC presently has an average rating of "Moderate Buy" and an average price target of $36.83.

TechnipFMC Trading Down 2.8 %

Shares of NYSE:FTI traded down $0.80 during trading on Friday, reaching $28.00. 1,475,687 shares of the stock were exchanged, compared to its average volume of 3,978,031. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC has a 12-month low of $22.12 and a 12-month high of $33.45. The firm has a market cap of $11.78 billion, a price-to-earnings ratio of 18.42 and a beta of 1.11. The firm's 50-day moving average price is $27.45 and its 200 day moving average price is $28.92.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. On average, sell-side analysts anticipate that TechnipFMC will post 1.63 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the sale, the executive vice president now directly owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. This represents a 23.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This represents a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 61,706 shares of company stock valued at $1,651,665. Company insiders own 1.80% of the company's stock.

Institutional Trading of TechnipFMC

Institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System acquired a new stake in shares of TechnipFMC in the 1st quarter worth approximately $33,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of TechnipFMC in the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC raised its holdings in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after purchasing an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of TechnipFMC in the 4th quarter worth approximately $45,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of TechnipFMC by 393.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 1,338 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

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.