TechnipFMC (NYSE:FTI - Get Free Report) had its price objective hoisted by investment analysts at Royal Bank Of Canada from $78.00 to $80.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an "outperform" rating on the oil and gas company's stock. Royal Bank Of Canada's price target suggests a potential upside of 6.42% from the stock's previous close.
A number of other equities analysts have also issued reports on FTI. TD Cowen reissued a "buy" rating on shares of TechnipFMC in a report on Friday, February 20th. UBS Group set a $70.00 price target on TechnipFMC in a report on Friday, February 20th. BMO Capital Markets raised their price target on TechnipFMC from $52.00 to $67.00 and gave the stock a "market perform" rating in a report on Monday, February 23rd. Evercore reissued an "outperform" rating and set a $83.00 price target on shares of TechnipFMC in a report on Friday. Finally, Weiss Ratings lowered TechnipFMC from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, TechnipFMC presently has a consensus rating of "Moderate Buy" and an average price target of $65.40.
Get Our Latest Stock Report on FTI
TechnipFMC Stock Down 0.5%
NYSE:FTI traded down $0.39 during trading hours on Friday, hitting $75.18. The company's stock had a trading volume of 2,932,665 shares, compared to its average volume of 3,918,435. The stock has a fifty day moving average of $69.08 and a 200-day moving average of $54.98. The stock has a market capitalization of $30.19 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 1.57 and a beta of 0.71. TechnipFMC has a 52-week low of $28.87 and a 52-week high of $77.78. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13.
TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.52 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The business's quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. On average, equities analysts forecast that TechnipFMC will post 2.92 earnings per share for the current year.
Insider Activity
In related news, insider Jonathan Landes sold 116,194 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.20, for a total transaction of $7,227,266.80. Following the completion of the sale, the insider directly owned 71,356 shares of the company's stock, valued at approximately $4,438,343.20. This represents a 61.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Luana Duffe sold 47,951 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.43, for a total transaction of $2,993,580.93. Following the sale, the executive vice president directly owned 78,871 shares of the company's stock, valued at approximately $4,923,916.53. This trade represents a 37.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,216,442 shares of company stock worth $75,762,414 in the last quarter. Insiders own 1.40% of the company's stock.
Hedge Funds Weigh In On TechnipFMC
Institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in TechnipFMC in the 1st quarter worth $26,000. Ascentis Independent Advisors acquired a new position in TechnipFMC in the 1st quarter worth $37,000. Blue Trust Inc. lifted its holdings in TechnipFMC by 5,475.0% in the 3rd quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company's stock worth $26,000 after buying an additional 657 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of TechnipFMC in the 4th quarter valued at about $32,000. Finally, First Pacific Financial acquired a new stake in shares of TechnipFMC in the 1st quarter valued at about $52,000. Institutional investors and hedge funds own 96.58% of the company's stock.
TechnipFMC News Summary
Here are the key news stories impacting TechnipFMC this week:
About TechnipFMC
(
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TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company's activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.
Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.
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