TechnipFMC's (FTI) Positive Rating Reiterated at Susquehanna

TechnipFMC (NYSE:FTI - Get Free Report)'s stock had its "positive" rating reissued by research analysts at Susquehanna in a report issued on Monday, Benzinga reports. They currently have a $27.00 price target on the oil and gas company's stock. Susquehanna's target price points to a potential upside of 1.39% from the stock's current price.

Several other equities analysts also recently weighed in on the stock. TD Cowen increased their price target on shares of TechnipFMC from $26.00 to $28.00 and gave the stock an "outperform" rating in a report on Friday, February 23rd. Benchmark reiterated a "buy" rating and issued a $30.00 price target (up previously from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. ATB Capital set a $30.00 price target on shares of TechnipFMC and gave the stock an "outperform" rating in a report on Friday, December 22nd. StockNews.com upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a report on Tuesday, April 2nd. Finally, Barclays increased their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, TechnipFMC has an average rating of "Moderate Buy" and a consensus price target of $25.11.

TechnipFMC Stock Down 1.1 %

Shares of FTI stock traded down $0.30 during mid-day trading on Monday, hitting $26.63. 3,633,828 shares of the stock traded hands, compared to its average volume of 4,819,023. TechnipFMC has a 52-week low of $12.64 and a 52-week high of $27.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92. The stock has a market cap of $11.64 billion, a P/E ratio of 224.60 and a beta of 1.65. The stock's fifty day moving average is $22.23 and its two-hundred day moving average is $20.96.

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

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the transaction, the director now owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.93% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Harbour Investments Inc. lifted its holdings in TechnipFMC by 366.7% in the 3rd quarter. Harbour Investments Inc. now owns 1,400 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 1,100 shares in the last quarter. Parkside Financial Bank & Trust purchased a new position in TechnipFMC in the 3rd quarter valued at $29,000. Johnson Financial Group Inc. purchased a new position in TechnipFMC in the 4th quarter valued at $33,000. Quarry LP lifted its holdings in TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company's stock valued at $36,000 after purchasing an additional 768 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in TechnipFMC in the 4th quarter valued at $45,000. Hedge funds and other 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.