TechnipFMC plc (NYSE:FTI) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• TechnipFMC plc has received a consensus rating of "Moderate Buy" from fifteen rating firms, with a one-year price target averaging approximately $38.92.
• The stock of TechnipFMC is currently trading at $40.40 and has shown a twelve-month price range between $22.11 and $41.29.
• The company reported a quarterly earnings per share of $0.68, exceeding the consensus estimate and reflecting a 9.0% revenue increase compared to the previous year.

TechnipFMC plc (NYSE:FTI - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $38.9231.

Several research analysts have recently weighed in on the stock. Barclays boosted their price target on shares of TechnipFMC from $45.00 to $51.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. BTIG Research cut shares of TechnipFMC from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen cut shares of TechnipFMC from a "buy" rating to a "hold" rating in a research report on Friday. Susquehanna upped their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the company a "positive" rating in a research report on Friday, July 25th. Finally, Evercore ISI upped their target price on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, July 25th.

TechnipFMC Trading Up 1.2%

Shares of FTI stock opened at $40.40 on Monday. The company's 50-day moving average price is $37.04 and its 200-day moving average price is $32.87. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.29 and a beta of 1.10. TechnipFMC has a twelve month low of $22.11 and a twelve month high of $41.29.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.49 billion. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company's revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities analysts predict that TechnipFMC will post 1.63 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. TechnipFMC's dividend payout ratio is presently 9.43%.

Insider Activity at TechnipFMC

In other TechnipFMC news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the transaction, the director owned 62,978 shares of the company's stock, valued at $2,337,743.36. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Thierry Conti sold 50,000 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the completion of the transaction, the insider directly owned 56,352 shares in the company, valued at $2,177,441.28. The trade was a 47.01% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 885,984 shares of company stock worth $34,180,811. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of TechnipFMC

Several hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its position in shares of TechnipFMC by 9.0% during the first quarter. Ameriprise Financial Inc. now owns 18,030,976 shares of the oil and gas company's stock worth $571,583,000 after purchasing an additional 1,492,746 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TechnipFMC by 1.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,141,701 shares of the oil and gas company's stock worth $349,280,000 after purchasing an additional 189,637 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of TechnipFMC by 13.8% during the second quarter. AQR Capital Management LLC now owns 9,938,410 shares of the oil and gas company's stock worth $342,279,000 after purchasing an additional 1,202,713 shares in the last quarter. Boston Partners lifted its position in shares of TechnipFMC by 267.5% during the second quarter. Boston Partners now owns 9,669,433 shares of the oil and gas company's stock worth $333,041,000 after purchasing an additional 7,038,640 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of TechnipFMC by 18.0% during the first quarter. Invesco Ltd. now owns 7,458,847 shares of the oil and gas company's stock worth $236,371,000 after purchasing an additional 1,136,554 shares in 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.

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