TechnipFMC (NYSE:FTI) Downgraded by Sanford C. Bernstein to Hold

Sanford C. Bernstein cut shares of TechnipFMC (NYSE:FTI - Free Report) from a strong-buy rating to a hold rating in a report published on Thursday morning, Marketbeat reports. Sanford C. Bernstein currently has $32.00 price target on the oil and gas company's stock.

A number of other research analysts have also commented on FTI. Susquehanna lowered their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $37.00 target price on shares of TechnipFMC in a report on Monday, April 28th. Wall Street Zen lowered TechnipFMC from a "hold" rating to a "sell" rating in a report on Friday, May 16th. Piper Sandler lifted their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Finally, Barclays lifted their target price on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $36.46.

TechnipFMC Stock Performance

Shares of FTI traded up $0.35 during trading hours on Thursday, reaching $30.04. 2,646,997 shares of the company's stock traded hands, compared to its average volume of 3,999,754. The firm has a market capitalization of $12.59 billion, a price-to-earnings ratio of 19.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. TechnipFMC has a twelve month low of $22.12 and a twelve month high of $33.45. The business's fifty day simple moving average is $28.42 and its two-hundred day simple moving average is $29.41.

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

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.67%. TechnipFMC's payout ratio is presently 10.53%.

Insiders Place Their Bets

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the completion of the sale, the director now directly owns 100,951 shares in the company, valued at approximately $3,004,301.76. This trade represents a 8.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the sale, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. The trade was a 23.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,706 shares of company stock worth $1,651,665. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TechnipFMC

Institutional investors have recently made changes to their positions in the company. Avantax Advisory Services Inc. lifted its holdings in shares of TechnipFMC by 24.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 21,921 shares of the oil and gas company's stock valued at $634,000 after buying an additional 4,314 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of TechnipFMC during the 4th quarter valued at about $519,000. Raymond James Financial Inc. acquired a new stake in shares of TechnipFMC during the 4th quarter valued at about $9,152,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of TechnipFMC by 7.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,649,541 shares of the oil and gas company's stock valued at $105,618,000 after buying an additional 249,719 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of TechnipFMC by 1,024.4% during the 4th quarter. Jones Financial Companies Lllp now owns 14,347 shares of the oil and gas company's stock valued at $415,000 after buying an additional 13,071 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

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.