TechnipFMC (NYSE:FTI) Stock Price Up 4.2%

TechnipFMC plc (NYSE:FTI - Get Free Report)'s stock price was up 4.2% during mid-day trading on Thursday . The company traded as high as $26.85 and last traded at $26.79. Approximately 2,581,604 shares changed hands during trading, a decline of 45% from the average daily volume of 4,653,382 shares. The stock had previously closed at $25.72.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on FTI shares. TD Cowen lifted their price target on TechnipFMC from $26.00 to $28.00 and gave the stock an "outperform" rating in a research report on Friday, February 23rd. StockNews.com lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Saturday, April 20th. Bank of America raised their target price on TechnipFMC from $24.00 to $28.50 and gave the stock a "buy" rating in a report on Monday, April 15th. Benchmark reissued a "buy" rating and issued a $30.00 target price (up from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. Finally, HSBC lowered TechnipFMC from a "buy" rating to a "hold" rating and set a $23.60 price target for the company. in a research note on Friday, February 23rd. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $25.34.

TechnipFMC Stock Up 3.5 %

The firm has a market cap of $11.64 billion, a PE ratio of 221.94 and a beta of 1.65. The business has a 50-day moving average price of $24.07 and a two-hundred day moving average price of $21.50. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company earned ($0.05) EPS. TechnipFMC's revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities research analysts expect that TechnipFMC plc will post 1.15 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Monday, May 20th. TechnipFMC's dividend payout ratio (DPR) is 166.68%.

Insider Transactions at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction on 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 directly 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 through this hyperlink. Corporate insiders own 1.06% of the company's stock.

Hedge Funds Weigh In On TechnipFMC

Large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust acquired a new stake in TechnipFMC during the 3rd quarter worth $29,000. Johnson Financial Group Inc. acquired a new stake in shares of TechnipFMC during the fourth quarter worth $33,000. Quarry LP lifted its holdings in shares of TechnipFMC by 76.6% during the fourth quarter. Quarry LP now owns 1,770 shares of the oil and gas company's stock worth $36,000 after purchasing an additional 768 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of TechnipFMC during the 4th quarter valued at approximately $45,000. Finally, Systematic Alpha Investments LLC acquired a new stake in shares of TechnipFMC during the 3rd quarter valued at approximately $146,000. Institutional investors and hedge funds own 96.58% of the company's stock.

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.