TechnipFMC (NYSE:FTI) Lowered to Hold Rating by Wall Street Zen

Key Points

• TechnipFMC has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in market sentiment regarding the stock.
• Despite the downgrade, some analysts like Susquehanna and Evercore ISI have increased their target prices for shares of TechnipFMC, indicating differing views on the company's prospects.
• TechnipFMC reported earnings of $0.68 per share for the last quarter, exceeding analysts' estimates, with revenues rising by 9% year-over-year to $2.53 billion.

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 analysts also recently issued research reports about the stock. Susquehanna raised their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Friday, July 25th. Evercore ISI raised their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. BTIG Research downgraded shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. 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. Finally, Citigroup reaffirmed a "buy" rating and set a $41.00 target price (up previously from $35.00) on shares of TechnipFMC in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, TechnipFMC currently has a consensus rating of "Moderate Buy" and a consensus price target of $38.92.

TechnipFMC Trading Up 1.2%

FTI stock traded up $0.47 during trading on Friday, reaching $40.40. The company had a trading volume of 3,817,462 shares, compared to its average volume of 8,501,790. TechnipFMC has a 52 week low of $22.11 and a 52 week high of $41.29. The company has a market cap of $16.60 billion, a P/E ratio of 19.06, a PEG ratio of 1.28 and a beta of 1.10. The business has a 50 day moving average of $37.04 and a 200 day moving average of $32.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86.

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

Insider Activity

In other news, CEO Douglas J. Pferdehirt sold 80,304 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $38.35, for a total transaction of $3,079,658.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thierry Conti sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the completion of the sale, the insider owned 56,352 shares in the company, valued at $2,177,441.28. This represents a 47.01% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 885,984 shares of company stock worth $34,180,811. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On TechnipFMC

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in TechnipFMC by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 1,462,924 shares of the oil and gas company's stock worth $46,360,000 after purchasing an additional 8,823 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in TechnipFMC in the first quarter worth approximately $205,000. Credit Agricole S A boosted its holdings in TechnipFMC by 170.3% in the first quarter. Credit Agricole S A now owns 94,097 shares of the oil and gas company's stock worth $2,982,000 after purchasing an additional 59,281 shares during the last quarter. Stephens Investment Management Group LLC boosted its holdings in TechnipFMC by 0.8% in the first quarter. Stephens Investment Management Group LLC now owns 3,439,595 shares of the oil and gas company's stock worth $109,001,000 after purchasing an additional 27,884 shares during the last quarter. Finally, OMNI 360 Wealth Inc. purchased a new stake in TechnipFMC in the second quarter worth approximately $226,000. Hedge funds and other institutional investors own 96.58% of the company's stock.

About TechnipFMC

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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