TechnipFMC plc (NYSE:FTI) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of TechnipFMC plc (NYSE:FTI - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, eleven have assigned 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 ratings on the stock in the last year is $36.46.

FTI has been the subject of several analyst reports. Piper Sandler upped their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Barclays upped their price target on TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, April 25th. Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Sanford C. Bernstein cut TechnipFMC from a "strong-buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a research report on Thursday, May 22nd. Finally, Susquehanna cut their price objective on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a research report on Monday, April 14th.

TechnipFMC Stock Performance

Shares of TechnipFMC stock remained flat at $31.17 during trading hours on Tuesday. The stock had a trading volume of 5,138,701 shares, compared to its average volume of 4,035,577. TechnipFMC has a twelve month low of $22.12 and a twelve month high of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. The firm has a 50-day simple moving average of $28.51 and a 200-day simple moving average of $29.46. The firm has a market capitalization of $13.07 billion, a PE ratio of 20.51 and a beta of 0.98.

TechnipFMC (NYSE:FTI - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter last year, the company earned $0.22 EPS. TechnipFMC's revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, research analysts anticipate that TechnipFMC will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Tuesday, May 20th. TechnipFMC's dividend payout ratio is currently 10.53%.

Insider Activity

In other news, CAO David Light sold 10,147 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $24.90, for a total value of $252,660.30. Following the completion of the transaction, the chief accounting officer now owns 7,529 shares in the company, valued at $187,472.10. This trade represents a 57.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Justin Rounce sold 42,178 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the transaction, the executive vice president now owns 140,207 shares of the company's stock, valued at approximately $3,722,495.85. This represents a 23.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 61,706 shares of company stock worth $1,651,665 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of TechnipFMC

A number of large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its stake in shares of TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 340 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its stake in shares of TechnipFMC by 29.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company's stock valued at $48,000 after acquiring an additional 346 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of TechnipFMC by 4.6% during 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 acquiring an additional 357 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in shares of TechnipFMC by 5.1% during the first quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company's stock valued at $238,000 after acquiring an additional 362 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in shares of TechnipFMC by 3.3% during the fourth quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock valued at $334,000 after acquiring an additional 363 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.