Wall Street Zen Downgrades TechnipFMC (NYSE:FTI) to Hold

TechnipFMC (NYSE:FTI - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Friday.

Other equities research analysts also recently issued reports about the company. Barclays increased their price objective on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a research note on Monday, April 28th. Susquehanna dropped their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. Sanford C. Bernstein downgraded shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a research report on Thursday, May 22nd. Finally, Piper Sandler raised their price target on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.46.

TechnipFMC Price Performance

Shares of FTI traded down $0.38 during trading hours on Friday, hitting $34.57. 8,381,909 shares of the company were exchanged, compared to its average volume of 4,108,391. The company has a market capitalization of $14.49 billion, a PE ratio of 18.19, a PEG ratio of 1.20 and a beta of 1.06. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.84. The firm has a fifty day simple moving average of $31.15 and a 200-day simple moving average of $29.94. TechnipFMC has a one year low of $22.12 and a one year high of $35.71.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The business's quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. As a group, sell-side analysts predict that TechnipFMC will post 1.63 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System acquired a new position in shares of TechnipFMC in the 1st quarter worth approximately $33,000. Geneos Wealth Management Inc. boosted its holdings in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 340 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of TechnipFMC by 55.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 525 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of TechnipFMC in the 4th quarter worth approximately $46,000. Finally, Financial Network Wealth Advisors LLC boosted its holdings in shares of TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock worth $48,000 after acquiring an additional 346 shares in the last quarter. 96.58% of the stock is 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.