TechnipFMC plc (NYSE:FTI) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of TechnipFMC plc (NYSE:FTI - Get Free Report) have received an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $36.46.

A number of equities research analysts recently weighed in on FTI shares. 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 report on Thursday, May 22nd. 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 report on Friday, April 25th. Piper Sandler boosted their target price on TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Susquehanna decreased their price target on shares of TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. Finally, Wall Street Zen upgraded TechnipFMC from a "hold" rating to a "buy" rating in a research report on Saturday.

Insider Buying and Selling

In related news, CAO David Light sold 10,147 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now directly owns 7,529 shares in the company, valued at approximately $187,472.10. The trade was a 57.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carvalho Filho Eleazar De sold 9,381 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $29.76, for a total transaction of $279,178.56. Following the sale, the director now directly owns 100,951 shares of the company's stock, valued at approximately $3,004,301.76. This represents a 8.50% 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 in the last 90 days. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FTI. New York State Teachers Retirement System acquired a new stake in shares of TechnipFMC in the first quarter valued at approximately $33,000. Geneos Wealth Management Inc. increased its stake in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 340 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of TechnipFMC during the 4th quarter valued at about $46,000. Smartleaf Asset Management LLC boosted its position in shares of TechnipFMC by 55.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company's stock valued at $43,000 after acquiring an additional 525 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC grew its holdings in shares of TechnipFMC by 29.7% in 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 purchasing an additional 346 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

TechnipFMC Trading Up 1.3%

Shares of NYSE:FTI traded up $0.40 during trading on Tuesday, reaching $30.65. The company's stock had a trading volume of 7,486,187 shares, compared to its average volume of 4,026,757. The stock has a market capitalization of $12.85 billion, a PE ratio of 20.17 and a beta of 0.98. 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's 50 day simple moving average is $28.46 and its two-hundred day simple moving average is $29.42. TechnipFMC has a 12 month low of $22.12 and a 12 month high of $33.45.

TechnipFMC (NYSE:FTI - Get Free Report) last issued 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 net margin of 7.63% and a return on equity of 20.11%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $0.22 earnings per share. The business's revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts predict that TechnipFMC will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.65%. TechnipFMC's dividend payout ratio is currently 10.53%.

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.