TechnipFMC (NYSE:FTI) Reaches New 12-Month High - Time to Buy?

TechnipFMC plc (NYSE:FTI - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $35.76 and last traded at $35.22, with a volume of 5166 shares trading hands. The stock had previously closed at $35.15.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on FTI shares. Susquehanna reduced their target price on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research note on Monday, April 14th. Barclays upped their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. 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. Royal Bank Of Canada restated an "outperform" rating and set a $37.00 target price on shares of TechnipFMC in a report on Monday, April 28th. Finally, Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, TechnipFMC currently has a consensus rating of "Moderate Buy" and an average target price of $36.46.

TechnipFMC Stock Performance

The firm's 50 day moving average price is $30.79 and its 200-day moving average price is $29.87. The firm has a market cap of $14.64 billion, a price-to-earnings ratio of 18.38, a P/E/G ratio of 1.17 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.

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

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were paid a $0.05 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.57%. TechnipFMC's payout ratio is 10.53%.

Institutional Investors Weigh In On TechnipFMC

Institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its stake 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 valued at $35,000 after buying an additional 340 shares in the last quarter. Financial Network Wealth Advisors LLC raised its position in 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 worth $48,000 after purchasing an additional 346 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in TechnipFMC by 5.1% during the first quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company's stock worth $238,000 after purchasing an additional 362 shares during the period. Sigma Planning Corp boosted its holdings in TechnipFMC by 3.3% during the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock valued at $334,000 after purchasing an additional 363 shares in the last quarter. Finally, Acuitas Investments LLC grew its stake in shares of TechnipFMC by 13.4% in the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock valued at $108,000 after purchasing an additional 400 shares during the period. Institutional investors and hedge funds 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.