TechnipFMC (NYSE:FTI) Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of TechnipFMC (NYSE:FTI - Free Report) from a hold rating to a buy rating in a report released on Saturday morning.

A number of other equities research analysts have also recently weighed in on FTI. Piper Sandler lifted their price objective on TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Barclays lifted their target price on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th. Sanford C. Bernstein lowered TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price for the company. in a report on Thursday, May 22nd. Susquehanna decreased their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 target price on shares of TechnipFMC in a report on Monday, April 28th. Two investment 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 company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $36.46.

TechnipFMC Trading Up 1.8%

Shares of NYSE FTI traded up $0.53 during trading on Friday, reaching $30.22. The stock had a trading volume of 4,453,724 shares, compared to its average volume of 4,007,227. TechnipFMC has a fifty-two week low of $22.12 and a fifty-two week high of $33.45. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The business's 50-day moving average price is $28.42 and its 200-day moving average price is $29.41. The company has a market cap of $12.67 billion, a P/E ratio of 19.88 and a beta of 0.98.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the previous year, the firm posted $0.22 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that TechnipFMC will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.

Insiders Place Their Bets

In other TechnipFMC news, CAO David Light sold 10,147 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now owns 7,529 shares in the company, valued at approximately $187,472.10. The trade was a 57.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $29.76, for a total value of $279,178.56. Following the transaction, the director now owns 100,951 shares in the company, valued at $3,004,301.76. The trade was a 8.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,706 shares of company stock worth $1,651,665. Company insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On TechnipFMC

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTI. New York State Teachers Retirement System purchased a new stake in shares of TechnipFMC during the 1st quarter worth approximately $33,000. Geneos Wealth Management Inc. boosted its stake in shares of TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 340 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of TechnipFMC during the 4th quarter worth approximately $46,000. Smartleaf Asset Management LLC boosted its stake in shares of TechnipFMC by 55.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock worth $43,000 after acquiring an additional 525 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC boosted its stake in shares of TechnipFMC by 29.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock worth $48,000 after acquiring an additional 346 shares in the last quarter. 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.