TechnipFMC (NYSE:FTI) Price Target Raised to $40.00

TechnipFMC (NYSE:FTI - Get Free Report) had its price objective hoisted by Susquehanna from $35.00 to $40.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a "positive" rating on the oil and gas company's stock. Susquehanna's price target indicates a potential upside of 14.60% from the stock's previous close.

FTI has been the topic of several other reports. Barclays increased their target price on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Friday, April 25th. Sanford C. Bernstein downgraded TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a report on Thursday, May 22nd. Royal Bank Of Canada reiterated 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 lowered shares of TechnipFMC from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Three 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 company. According to MarketBeat.com, TechnipFMC has an average rating of "Moderate Buy" and a consensus price target of $36.85.

TechnipFMC Trading Up 0.8%

FTI traded up $0.27 during midday trading on Tuesday, hitting $34.91. The company's stock had a trading volume of 2,377,050 shares, compared to its average volume of 4,115,111. TechnipFMC has a 52-week low of $22.12 and a 52-week high of $35.71. The firm has a 50-day moving average price of $31.88 and a two-hundred day moving average price of $30.04. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market cap of $14.63 billion, a P/E ratio of 18.37, a PEG ratio of 1.19 and a beta of 1.07.

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

Institutional Investors Weigh In On TechnipFMC

A number of institutional investors have recently modified their holdings of FTI. Bank of New York Mellon Corp boosted its stake in TechnipFMC by 11.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,454,101 shares of the oil and gas company's stock valued at $42,082,000 after purchasing an additional 152,161 shares during the period. Fisher Asset Management LLC lifted its stake in shares of TechnipFMC by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 550,127 shares of the oil and gas company's stock worth $15,921,000 after acquiring an additional 16,520 shares during the period. US Bancorp DE boosted its holdings in shares of TechnipFMC by 6.1% in the fourth quarter. US Bancorp DE now owns 86,550 shares of the oil and gas company's stock valued at $2,505,000 after acquiring an additional 4,965 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 525 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in TechnipFMC by 1,024.4% in the fourth quarter. Jones Financial Companies Lllp now owns 14,347 shares of the oil and gas company's stock worth $415,000 after purchasing an additional 13,071 shares during the period. Institutional investors 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.