TechnipFMC plc (NYSE:FTI) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of TechnipFMC plc (NYSE:FTI - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.74.

FTI has been the topic of a number of research reports. ATB Capital set a $30.00 price objective on TechnipFMC and gave the stock an "outperform" rating in a research report on Friday, December 22nd. Barclays lifted their target price on TechnipFMC from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. Susquehanna lifted their target price on TechnipFMC from $25.00 to $27.00 and gave the stock a "positive" rating in a report on Friday, February 23rd. HSBC downgraded TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 price objective on the stock. in a research note on Friday, February 23rd. Finally, TD Cowen upped their price target on TechnipFMC from $26.00 to $28.00 and gave the stock an "outperform" rating in a research note on Friday, February 23rd.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $264,809.20. Following the completion of the sale, the director now owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.06% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FTI. Inceptionr LLC raised its position in TechnipFMC by 2.2% in the 4th quarter. Inceptionr LLC now owns 24,612 shares of the oil and gas company's stock worth $496,000 after purchasing an additional 540 shares during the period. State Board of Administration of Florida Retirement System lifted its position in TechnipFMC by 0.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company's stock valued at $2,571,000 after purchasing an additional 660 shares during the period. Fulton Bank N.A. lifted its position in TechnipFMC by 6.8% during the fourth quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company's stock valued at $217,000 after purchasing an additional 683 shares during the period. Janney Capital Management LLC lifted its position in TechnipFMC by 2.8% during the third quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company's stock valued at $546,000 after purchasing an additional 722 shares during the period. Finally, Dfpg Investments LLC increased its holdings in TechnipFMC by 2.4% in the fourth quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company's stock valued at $623,000 after buying an additional 738 shares in the last quarter. Institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Performance

NYSE:FTI traded down $0.22 during mid-day trading on Thursday, hitting $25.11. 5,005,021 shares of the stock were exchanged, compared to its average volume of 4,869,030. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 210.85 and a beta of 1.64. The firm's 50-day simple moving average is $21.35 and its 200 day simple moving average is $20.71. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16. TechnipFMC has a fifty-two week low of $12.64 and a fifty-two week high of $25.71.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $2.08 billion during the quarter, compared to analysts' expectations of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The company's quarterly revenue was up 22.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) EPS. As a group, equities analysts anticipate that TechnipFMC will post 1.16 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $0.20 dividend on an annualized basis and a yield of 0.80%. TechnipFMC's dividend payout ratio is presently 166.68%.

About TechnipFMC

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.