TechnipFMC (NYSE:FTI) Sets New 52-Week Low - Should You Sell?

TechnipFMC plc (NYSE:FTI - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $27.71 and last traded at $28.21, with a volume of 4173666 shares trading hands. The stock had previously closed at $28.80.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FTI. Piper Sandler upped their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. Royal Bank of Canada restated an "outperform" rating and issued a $37.00 price target on shares of TechnipFMC in a research note on Monday, April 28th. StockNews.com lowered TechnipFMC from a "buy" rating to a "hold" rating in a research report on Thursday, March 27th. Barclays boosted 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. Finally, Susquehanna reduced their price target on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.83.

TechnipFMC Stock Up 2.3 %

The company's 50 day simple moving average is $27.48 and its 200-day simple moving average is $28.97. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The firm has a market cap of $12.49 billion, a P/E ratio of 19.53 and a beta of 1.11.

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). The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.22 EPS. Research analysts forecast that TechnipFMC plc will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's payout ratio is currently 10.53%.

Insider Buying and Selling at TechnipFMC

In other news, EVP Justin Rounce sold 42,178 shares of the company's stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 140,207 shares in the company, valued at $3,722,495.85. This represents a 23.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of TechnipFMC stock in a transaction on Monday, March 24th. The shares were 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. This trade represents a 8.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 61,706 shares of company stock valued at $1,651,665. 1.80% of the stock is owned by company insiders.

Institutional Trading of TechnipFMC

A number of hedge funds and other institutional investors have recently bought and sold shares of FTI. Franklin Resources Inc. increased its holdings in TechnipFMC by 23.0% in the 3rd quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company's stock worth $98,838,000 after acquiring an additional 679,748 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of TechnipFMC by 22.3% in the fourth quarter. GAMMA Investing LLC now owns 2,272 shares of the oil and gas company's stock worth $66,000 after purchasing an additional 414 shares during the period. Insight Wealth Strategies LLC purchased a new stake in shares of TechnipFMC in the fourth quarter worth $4,088,000. Diversified Trust Co raised its position in shares of TechnipFMC by 68.9% during the 4th quarter. Diversified Trust Co now owns 61,281 shares of the oil and gas company's stock valued at $1,773,000 after purchasing an additional 24,989 shares during the period. Finally, Baker Tilly Wealth Management LLC lifted its stake in shares of TechnipFMC by 4.1% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company's stock valued at $248,000 after buying an additional 338 shares in the last quarter. Hedge funds and other institutional investors 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.