Barclays Raises TechnipFMC (NYSE:FTI) Price Target to $34.00

TechnipFMC (NYSE:FTI - Get Free Report) had its target price upped by analysts at Barclays from $33.00 to $34.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an "overweight" rating on the oil and gas company's stock. Barclays's target price points to a potential upside of 27.77% from the company's previous close.

A number of other equities analysts have also recently issued reports on FTI. HSBC cut shares of TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 price objective for the company. in a research note on Friday, February 23rd. StockNews.com upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a research note on Sunday. TD Cowen increased their price objective on shares of TechnipFMC from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Friday. Bank of America increased their price objective on shares of TechnipFMC from $24.00 to $28.50 and gave the company a "buy" rating in a research note on Monday, April 15th. Finally, Benchmark restated a "buy" rating and issued a $30.00 price objective on shares of TechnipFMC in a research note on Friday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $26.14.

TechnipFMC Stock Performance

NYSE:FTI traded up $0.02 during trading hours on Monday, hitting $26.61. 4,052,759 shares of the company traded hands, compared to its average volume of 4,709,603. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 56.62 and a beta of 1.65. TechnipFMC has a twelve month low of $12.64 and a twelve month high of $27.26. The firm has a 50-day moving average of $24.35 and a 200 day moving average of $21.61. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.30.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. TechnipFMC had a net margin of 2.61% and a return on equity of 9.60%. The firm had revenue of $2.04 billion during the quarter, compared to analysts' expectations of $1.96 billion. The firm's revenue was up 18.9% on a year-over-year basis. On average, analysts forecast that TechnipFMC will post 1.15 EPS for the current year.

Insiders Place Their Bets

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the sale, the director now owns 103,982 shares of the company's stock, valued at approximately $2,204,418.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.93% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. bought a new position in shares of TechnipFMC in the 4th quarter valued at about $37,976,000. Cerity Partners LLC bought a new position in shares of TechnipFMC in the 4th quarter valued at about $6,836,000. SG Americas Securities LLC raised its position in shares of TechnipFMC by 71.1% in the 4th quarter. SG Americas Securities LLC now owns 152,526 shares of the oil and gas company's stock valued at $3,072,000 after acquiring an additional 63,378 shares during the period. Syntal Capital Partners LLC acquired a new stake in shares of TechnipFMC in the 3rd quarter valued at approximately $665,000. Finally, Vanguard Group Inc. raised its position in shares of TechnipFMC by 320.3% in the 3rd quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company's stock valued at $809,303,000 after acquiring an additional 30,323,011 shares during the period. Institutional investors own 96.58% of the company's stock.

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.