TechnipFMC (NYSE:FTI) Stock Rating Upgraded by Wall Street Zen

Key Points

• TechnipFMC has been upgraded from a "hold" rating to a "buy" rating by analysts at Wall Street Zen, signaling increased confidence in the stock's performance.
• Multiple analysts have raised their price targets for TechnipFMC, with estimates now ranging from $40.00 to $46.00, showing positive sentiment around the company's growth prospects.
• The company reported a quarterly earnings per share of $0.68, exceeding consensus estimates of $0.57, and revenue increased by 9.0% year-over-year to $2.53 billion.

TechnipFMC (NYSE:FTI - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

A number of other analysts have also commented on FTI. Susquehanna upped their price objective on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research note on Friday. Evercore ISI upped their price objective on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday. Royal Bank Of Canada upped their price objective on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday. BTIG Research lowered shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Finally, Sanford C. Bernstein lowered shares of TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, TechnipFMC currently has an average rating of "Moderate Buy" and a consensus price target of $38.92.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $36.48 on Friday. TechnipFMC has a twelve month low of $22.11 and a twelve month high of $38.05. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $15.29 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.27 and a beta of 1.07. The firm has a 50-day moving average of $33.36 and a two-hundred day moving average of $30.57.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the prior year, the company earned $0.43 EPS. TechnipFMC's revenue was up 9.0% on a year-over-year basis. As a group, analysts expect that TechnipFMC will post 1.63 earnings per share for the current fiscal year.

Institutional Trading of TechnipFMC

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its position in TechnipFMC by 49.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 14,206 shares of the oil and gas company's stock valued at $411,000 after acquiring an additional 4,684 shares in the last quarter. Virtu Financial LLC bought a new position in TechnipFMC during the fourth quarter valued at approximately $207,000. LPL Financial LLC raised its position in TechnipFMC by 9.8% during the fourth quarter. LPL Financial LLC now owns 409,621 shares of the oil and gas company's stock valued at $12,482,000 after acquiring an additional 36,652 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in TechnipFMC by 1.1% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 93,396 shares of the oil and gas company's stock valued at $2,703,000 after acquiring an additional 997 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its position in TechnipFMC by 1,944.0% during the fourth quarter. Loomis Sayles & Co. L P now owns 386,427 shares of the oil and gas company's stock valued at $11,183,000 after acquiring an additional 367,522 shares in the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

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.

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