TechnipFMC plc (NYSE:FTI) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts maintain a bullish outlook: TechnipFMC has a consensus “Moderate Buy” rating, with 12 buy, three hold and one strong-buy recommendation. The average 12-month price target is $69.64.
• Quarterly results exceeded expectations: The company reported adjusted earnings of $0.91 per share versus the $0.80 consensus estimate, while revenue rose 9% year over year to $2.76 billion.
• Institutional ownership remains high: Hedge funds and other institutions own 96.58% of TechnipFMC shares, while a company director recently purchased nearly $500,000 worth of stock.

TechnipFMC plc (NYSE:FTI - Get Free Report) has been given an average rating of "Moderate Buy" by the sixteen ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $69.6429.

A number of equities analysts have issued reports on the company. Jefferies Financial Group restated a "buy" rating on shares of TechnipFMC in a report on Sunday, May 31st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TechnipFMC in a research report on Wednesday, June 3rd. Citigroup boosted their price target on shares of TechnipFMC from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Thursday, June 18th. Wall Street Zen downgraded shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Susquehanna dropped their price target on TechnipFMC from $90.00 to $85.00 and set a "positive" rating on the stock in a research note on Wednesday, July 8th.

TechnipFMC Stock Up 0.0%

Shares of NYSE FTI opened at $76.37 on Monday. TechnipFMC has a 1 year low of $35.29 and a 1 year high of $80.70. The firm's 50-day moving average is $74.55 and its 200-day moving average is $71.09. 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 firm has a market capitalization of $29.95 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share 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 for the quarter, compared to analyst estimates of $2.67 billion. During the same period in the prior year, the business posted $0.68 earnings per share. TechnipFMC's revenue was up 9.0% compared to the same quarter last year. Equities analysts expect that TechnipFMC will post 3.17 EPS for the current year.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th were paid a $0.05 dividend. The ex-dividend date was Tuesday, August 18th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC's payout ratio is 6.94%.

Insider Activity at TechnipFMC

In other TechnipFMC news, Director Eric Mullins purchased 6,365 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $78.55 per share, with a total value of $499,970.75. Following the completion of the transaction, the director 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On TechnipFMC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTI. V Square Quantitative Management LLC bought a new stake in shares of TechnipFMC during the 1st quarter worth approximately $26,000. Newbridge Financial Services Group Inc. acquired a new position in shares of TechnipFMC during the 3rd quarter valued at $32,000. Coppell Advisory Solutions LLC bought a new stake in TechnipFMC in the 2nd quarter valued at about $35,000. Geneos Wealth Management Inc. lifted its holdings in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 340 shares in the last quarter. Finally, Ascentis Independent Advisors acquired a new position in shares of TechnipFMC during the first quarter valued at about $37,000. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Company Profile

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.

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