TechnipFMC (NYSE:FTI) Hits New 1-Year High - Time to Buy?

TechnipFMC plc (NYSE:FTI - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $35.52 and last traded at $35.34, with a volume of 530599 shares trading hands. The stock had previously closed at $34.68.

Analyst Ratings Changes

Several equities analysts have commented on FTI shares. Barclays increased their price target on shares of TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Wall Street Zen upgraded shares of TechnipFMC from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a research note on Monday, April 28th. Piper Sandler increased their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, Sanford C. Bernstein lowered shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 target price on the stock. in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.46.

TechnipFMC Trading Down 1.0%

The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. The company has a fifty day moving average of $30.25 and a two-hundred day moving average of $29.82. The stock has a market capitalization of $14.67 billion, a price-to-earnings ratio of 18.41, a P/E/G ratio of 1.22 and a beta of 1.06.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business earned $0.22 earnings per share. TechnipFMC's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts expect that TechnipFMC plc will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Tuesday, May 20th. TechnipFMC's dividend payout ratio is presently 10.53%.

Insider Buying and Selling

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction 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 sale, the director now owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This trade represents a 8.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds and other institutional investors have recently bought and sold shares of FTI. Allspring Global Investments Holdings LLC lifted its holdings in TechnipFMC by 521.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 57,592 shares of the oil and gas company's stock valued at $1,703,000 after acquiring an additional 48,322 shares during the period. Truist Financial Corp lifted its holdings in TechnipFMC by 414.2% in the fourth quarter. Truist Financial Corp now owns 38,308 shares of the oil and gas company's stock valued at $1,109,000 after acquiring an additional 30,858 shares during the period. Venturi Wealth Management LLC acquired a new stake in TechnipFMC in the fourth quarter valued at $104,000. Atria Wealth Solutions Inc. acquired a new stake in TechnipFMC in the fourth quarter valued at $466,000. Finally, Convergence Investment Partners LLC acquired a new stake in TechnipFMC in the fourth quarter valued at $728,000. 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.