TechnipFMC (NYSE:FTI) Raised to Outperform at BNP Paribas Exane

Key Points

• TechnipFMC has been upgraded from "neutral" to "outperform" by BNP Paribas Exane, with a target price set at $47.00, indicating a potential upside of 27.37% from its previous close.
• Other brokerages have also raised their target prices, with Barclays setting it at $51.00 and Susquehanna at $45.00, contributing to a consensus rating of "Moderate Buy" based on the average target price of $40.67.
• Recent insider trades show significant stock sales, including a sale of 50,000 shares by insider Thierry Conti, which raises questions about insider sentiment amid positive analyst ratings.

TechnipFMC (NYSE:FTI - Get Free Report) was upgraded by investment analysts at BNP Paribas Exane from a "neutral" rating to an "outperform" rating in a note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has a $47.00 target price on the oil and gas company's stock. BNP Paribas Exane's price objective would indicate a potential upside of 27.37% from the stock's previous close.

Several other brokerages also recently commented on FTI. Barclays raised their target price on TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Susquehanna boosted their price objective on TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a report on Friday, July 25th. JPMorgan Chase & Co. increased their target price on TechnipFMC from $41.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, October 2nd. Royal Bank Of Canada lifted their price target on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Citigroup restated a "buy" rating and set a $41.00 price objective (up previously from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.67.

TechnipFMC Stock Performance

Shares of FTI opened at $36.90 on Friday. 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 firm's fifty day simple moving average is $37.59 and its two-hundred day simple moving average is $33.42. TechnipFMC has a 12 month low of $22.11 and a 12 month high of $41.29. The stock has a market capitalization of $15.17 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

TechnipFMC (NYSE:FTI - Get Free Report) last posted 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. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The company's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. As a group, analysts predict that TechnipFMC will post 1.63 EPS for the current year.

Insiders Place Their Bets

In related news, insider Thierry Conti sold 50,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were 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 approximately $2,177,441.28. This trade represents a 47.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Alf Melin sold 113,760 shares of the business's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.61, for a total transaction of $4,392,273.60. Following the completion of the transaction, the chief financial officer owned 241,140 shares in the company, valued at approximately $9,310,415.40. The trade was a 32.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 885,984 shares of company stock worth $34,180,811 over the last 90 days. Company insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On TechnipFMC

Institutional investors have recently bought and sold shares of the company. Diversified Trust Co increased its position in TechnipFMC by 0.8% in the second quarter. Diversified Trust Co now owns 40,830 shares of the oil and gas company's stock worth $1,406,000 after buying an additional 306 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in 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 acquiring an additional 340 shares during the period. 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 worth $48,000 after purchasing an additional 346 shares in the last quarter. Diversify Advisory Services LLC boosted 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 worth $238,000 after buying an additional 362 shares during the period. Finally, Acuitas Investments LLC lifted its position in shares of TechnipFMC by 13.4% during the first quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock worth $108,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other 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.

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