TechnipFMC (NYSE:FTI) Given New $43.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for TechnipFMC from $41.00 to $43.00, suggesting a potential upside of 10.29% from the current price.
• TechnipFMC's earnings report showed an EPS of $0.68 for the quarter, surpassing estimates and reflecting a 9.0% revenue increase compared to the same period last year.
• Multiple analysts have upgraded their target prices for TechnipFMC, with Barclays setting a new high target of $51.00 and most analysts rating the stock as a "Moderate Buy."

TechnipFMC (NYSE:FTI - Get Free Report) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from $41.00 to $43.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "overweight" rating on the oil and gas company's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 10.29% from the company's current price.

FTI has been the topic of several other reports. Susquehanna raised their target price on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Evercore ISI upped their price objective on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. Barclays raised their target price on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Citigroup reiterated a "buy" rating and set a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. Finally, BTIG Research lowered TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $39.21.

TechnipFMC Stock Performance

FTI traded down $0.77 on Thursday, hitting $38.99. 430,547 shares of the company's stock were exchanged, compared to its average volume of 4,750,586. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average of $37.46 and a two-hundred day moving average of $33.05. TechnipFMC has a twelve month low of $22.11 and a twelve month high of $41.29. The firm has a market cap of $16.02 billion, a PE ratio of 18.41, a P/E/G ratio of 1.26 and a beta of 1.04.

TechnipFMC (NYSE:FTI - Get Free Report) last posted its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.57 by $0.11. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The business's revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. On average, research analysts anticipate that TechnipFMC will post 1.63 earnings per share for the current fiscal year.

Insider Transactions at TechnipFMC

In related news, CFO Alf Melin sold 113,760 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.61, for a total value of $4,392,273.60. Following the transaction, the chief financial officer owned 241,140 shares in the company, valued at approximately $9,310,415.40. This represents a 32.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Pferdehirt sold 632,539 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $38.62, for a total transaction of $24,428,656.18. Following the transaction, the chief executive officer owned 2,917,054 shares in the company, valued at approximately $112,656,625.48. This trade represents a 17.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 885,984 shares of company stock valued at $34,180,811. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of TechnipFMC

Several large investors have recently modified their holdings of the company. Diversified Trust Co lifted its stake in shares of TechnipFMC by 0.8% in the 2nd quarter. Diversified Trust Co now owns 40,830 shares of the oil and gas company's stock valued at $1,406,000 after acquiring an additional 306 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 340 shares during the last quarter. Financial Network Wealth Advisors LLC increased its stake in shares of TechnipFMC by 29.7% in the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock valued at $48,000 after buying an additional 346 shares during the period. Diversify Advisory Services LLC raised its holdings in TechnipFMC by 5.1% in the 1st quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company's stock valued at $238,000 after buying an additional 362 shares during the last quarter. Finally, Acuitas Investments LLC boosted its position in TechnipFMC by 13.4% during the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock worth $108,000 after buying an additional 400 shares during the period. 96.58% of the stock is owned by institutional investors.

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.

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