TechnipFMC (NYSE:FTI) Reaches New 12-Month High - What's Next?

TechnipFMC plc (NYSE:FTI - Get Free Report)'s stock price hit a new 52-week high on Thursday . The company traded as high as $80.55 and last traded at $77.0740, with a volume of 3037501 shares traded. The stock had previously closed at $78.29.

Analyst Upgrades and Downgrades

FTI has been the subject of a number of research reports. Evercore reaffirmed an "outperform" rating and set a $83.00 price target on shares of TechnipFMC in a research note on Friday, May 1st. Wall Street Zen lowered TechnipFMC from a "buy" rating to a "hold" rating in a report on Saturday, August 1st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of TechnipFMC in a research note on Wednesday, June 3rd. Zacks Research cut shares of TechnipFMC from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Finally, UBS Group set a $80.00 price target on shares of TechnipFMC in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, TechnipFMC presently has an average rating of "Moderate Buy" and an average price target of $69.64.

TechnipFMC Stock Performance

The firm's fifty day moving average is $70.86 and its 200 day moving average is $68.99. The firm has a market capitalization of $30.23 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 1.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.11. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.67 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The company's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 EPS. On average, analysts predict that TechnipFMC plc will post 3.08 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC's payout ratio is presently 6.94%.

Insider Buying and Selling

In other TechnipFMC news, Director Eric D. Mullins acquired 6,365 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average price of $78.55 per share, with a total value of $499,970.75. Following the completion of the transaction, the director owned 8,070 shares in the company, valued at $633,898.50. The trade was a 373.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC bought a new stake in TechnipFMC in the first quarter worth $26,000. Newbridge Financial Services Group Inc. bought a new position in TechnipFMC during the third quarter valued at about $32,000. Geneos Wealth Management Inc. raised its holdings in TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock valued at $35,000 after buying an additional 340 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of TechnipFMC in the first quarter worth about $37,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of TechnipFMC in the second quarter worth about $37,000. Institutional investors own 96.58% of the company's stock.

TechnipFMC Company Profile

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company's activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.

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