Benchmark Reaffirms Buy Rating for TechnipFMC (NYSE:FTI)

Benchmark restated their buy rating on shares of TechnipFMC (NYSE:FTI - Free Report) in a research note published on Friday, Benzinga reports. They currently have a $30.00 price target on the oil and gas company's stock.

Several other research firms have also recently commented on FTI. HSBC cut TechnipFMC from a buy rating to a hold rating and set a $23.60 price target for the company. in a report on Friday, February 23rd. TD Cowen raised their price objective on TechnipFMC from $26.00 to $28.00 and gave the stock an outperform rating in a research note on Friday, February 23rd. StockNews.com downgraded TechnipFMC from a buy rating to a hold rating in a research note on Saturday, April 20th. Susquehanna lifted their target price on TechnipFMC from $27.00 to $34.00 and gave the company a positive rating in a research report on Friday. Finally, Barclays lifted their price target on TechnipFMC from $32.00 to $33.00 and gave the stock an overweight rating in a report on Tuesday, February 27th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, TechnipFMC presently has an average rating of Moderate Buy and a consensus target price of $26.07.

TechnipFMC Price Performance

FTI stock remained flat at $26.59 during trading on Friday. The company's stock had a trading volume of 3,542,472 shares, compared to its average volume of 4,720,067. TechnipFMC has a one year low of $12.64 and a one year high of $27.26. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $24.21 and a two-hundred day simple moving average of $21.54. The stock has a market capitalization of $11.62 billion, a price-to-earnings ratio of 221.58 and a beta of 1.65.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The firm had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.96 billion. The firm's revenue was up 18.9% compared to the same quarter last year. As a group, sell-side analysts expect that TechnipFMC will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. TechnipFMC's dividend payout ratio (DPR) is presently 166.67%.

Insider Activity at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the sale, the director now owns 103,982 shares in the company, valued at $2,204,418.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TechnipFMC

Institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust purchased a new position in TechnipFMC in the third quarter worth approximately $29,000. Johnson Financial Group Inc. acquired a new stake in shares of TechnipFMC during the 4th quarter worth about $33,000. Quarry LP boosted its stake in shares of TechnipFMC by 76.6% during the 4th 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 last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of TechnipFMC in the fourth quarter worth approximately $45,000. Finally, Systematic Alpha Investments LLC purchased a new position in TechnipFMC in the third quarter valued at approximately $146,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

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.