TechnipFMC's (FTI) Neutral Rating Reaffirmed at BTIG Research

TechnipFMC (NYSE:FTI - Get Free Report)'s stock had its "neutral" rating reissued by stock analysts at BTIG Research in a research note issued on Monday, MarketBeat Ratings reports.

Several other research analysts have also weighed in on the stock. Wall Street Zen lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Citigroup reissued a "buy" rating and set a $41.00 price target (up previously from $35.00) on shares of TechnipFMC in a research report on Thursday. Royal Bank Of Canada reissued an "outperform" rating and set a $37.00 price target on shares of TechnipFMC in a research report on Monday, April 28th. Susquehanna increased their price target on shares of TechnipFMC from $35.00 to $40.00 and gave the stock a "positive" rating in a research report on Tuesday, July 1st. Finally, Sanford C. Bernstein cut shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, TechnipFMC presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.31.

TechnipFMC Trading Down 1.6%

Shares of FTI traded down $0.58 during mid-day trading on Monday, reaching $35.08. The stock had a trading volume of 198,216 shares, compared to its average volume of 4,112,706. 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 has a 52-week low of $22.12 and a 52-week high of $35.86. The business's fifty day moving average is $32.64 and its 200 day moving average is $30.31. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.20 and a beta of 1.07.

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

Hedge Funds Weigh In On TechnipFMC

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in TechnipFMC by 24.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,548 shares of the oil and gas company's stock valued at $122,000 after buying an additional 689 shares during the last quarter. Diversified Trust Co grew its position in 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 buying an additional 306 shares during the last quarter. Fulton Bank N.A. lifted its holdings in TechnipFMC by 5.3% in the second quarter. Fulton Bank N.A. now owns 17,860 shares of the oil and gas company's stock valued at $615,000 after acquiring an additional 893 shares during the period. NorthCrest Asset Manangement LLC acquired a new stake in TechnipFMC in the second quarter valued at $254,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in TechnipFMC by 35.3% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 119,170 shares of the oil and gas company's stock valued at $4,159,000 after acquiring an additional 31,069 shares during the period. 96.58% of the stock is currently owned by hedge funds and other 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.