TechnipFMC (NYSE:FTI) was upgraded by equities research analysts at Kepler Capital Markets to a "buy" rating in a research report issued to clients and investors on Friday, AnalystRatings.com reports.
Several other analysts have also commented on the company. BMO Capital Markets began coverage on TechnipFMC in a report on Thursday, October 1st. They set a "market perform" rating and a $7.50 target price on the stock. Smith Barney Citigroup reissued a "buy" rating on shares of TechnipFMC in a report on Wednesday. Societe Generale raised TechnipFMC from a "hold" rating to a "buy" rating and set a $8.89 price objective on the stock in a report on Monday, October 26th. Jefferies Financial Group raised TechnipFMC from an "underperform" rating to a "hold" rating and raised their price objective for the company from $6.00 to $7.00 in a report on Tuesday, October 13th. Finally, Berenberg Bank reissued a "buy" rating on shares of TechnipFMC in a report on Tuesday, October 27th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Buy" and an average target price of $10.02.
TechnipFMC stock opened at $12.34 on Friday. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of -0.97, a price-to-earnings-growth ratio of 0.78 and a beta of 2.38. TechnipFMC has a 52 week low of $4.49 and a 52 week high of $20.60. The business's 50-day moving average price is $9.90 and its 200 day moving average price is $7.93. The company has a quick ratio of 0.97, a current ratio of 1.10 and a debt-to-equity ratio of 0.77.
TechnipFMC (NYSE:FTI) last posted its earnings results on Wednesday, October 21st. The oil and gas company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The company had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.29 billion. TechnipFMC had a positive return on equity of 1.56% and a negative net margin of 42.41%. During the same period last year, the business earned $0.12 earnings per share. Equities analysts expect that TechnipFMC will post 0.36 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Hawaiian Bank lifted its position in shares of TechnipFMC by 19.3% in the fourth quarter. First Hawaiian Bank now owns 29,608 shares of the oil and gas company's stock valued at $278,000 after acquiring an additional 4,781 shares in the last quarter. Kopion Asset Management LLC lifted its position in TechnipFMC by 79.8% during the fourth quarter. Kopion Asset Management LLC now owns 668,442 shares of the oil and gas company's stock worth $6,283,000 after buying an additional 296,604 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in TechnipFMC by 22.4% during the fourth quarter. Louisiana State Employees Retirement System now owns 26,200 shares of the oil and gas company's stock worth $246,000 after buying an additional 4,800 shares in the last quarter. Perpetual Ltd purchased a new position in TechnipFMC during the third quarter worth approximately $467,000. Finally, Townsquare Capital LLC lifted its position in TechnipFMC by 24.1% during the third quarter. Townsquare Capital LLC now owns 66,482 shares of the oil and gas company's stock worth $434,000 after buying an additional 12,926 shares in the last quarter. Institutional investors and hedge funds own 77.53% of the company's stock.
TechnipFMC Company Profile
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Technip Energies, and Surface Technologies. The Subsea segment designs and manufactures products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas.
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