TechnipFMC (NYSE:FTI) Hits New 12-Month High - Should You Buy?

Shares of TechnipFMC plc (NYSE:FTI - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $33.54 and last traded at $33.43, with a volume of 719184 shares. The stock had previously closed at $32.96.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Barclays lifted their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, April 25th. Susquehanna cut their target price on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research 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. Finally, Sanford C. Bernstein downgraded shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price for the company. in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.46.

TechnipFMC Trading Up 4.1%

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The company has a market capitalization of $14.39 billion, a P/E ratio of 22.58 and a beta of 1.06. The stock's 50 day moving average is $28.79 and its 200-day moving average is $29.63.

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 (EPS) 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 business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm earned $0.22 EPS. The company's revenue was up 9.4% on a year-over-year basis. As a group, equities research analysts anticipate that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were issued a $0.05 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.58%. TechnipFMC's dividend payout ratio is currently 10.53%.

Insider Activity at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 9,381 shares of the 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 completion of the transaction, the director now directly owns 100,951 shares in the company, valued at approximately $3,004,301.76. This represents a 8.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by insiders.

Institutional Trading of TechnipFMC

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTI. Yousif Capital Management LLC increased its position in shares of TechnipFMC by 4.6% in the fourth quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock valued at $236,000 after buying an additional 357 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of TechnipFMC by 1.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 413,754 shares of the oil and gas company's stock valued at $11,974,000 after purchasing an additional 6,116 shares during the period. Stephens Inc. AR purchased a new position in shares of TechnipFMC during the 4th quarter valued at approximately $408,000. Savant Capital LLC lifted its position in shares of TechnipFMC by 4.9% during the fourth quarter. Savant Capital LLC now owns 41,156 shares of the oil and gas company's stock worth $1,191,000 after purchasing an additional 1,906 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of TechnipFMC by 521.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 57,592 shares of the oil and gas company's stock worth $1,703,000 after buying an additional 48,322 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company's stock.

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.