TechnipFMC plc (NYSE:FTI - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, thirteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $61.7333.
Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of TechnipFMC from $52.00 to $67.00 and gave the company a "market perform" rating in a research note on Monday, February 23rd. Citigroup lifted their price objective on shares of TechnipFMC from $48.00 to $76.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. TD Cowen restated a "buy" rating on shares of TechnipFMC in a research report on Friday, February 20th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TechnipFMC in a report on Thursday, January 22nd. Finally, Zacks Research upgraded shares of TechnipFMC from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 23rd.
View Our Latest Analysis on TechnipFMC
TechnipFMC Stock Performance
NYSE:FTI opened at $72.73 on Friday. The stock has a 50 day simple moving average of $66.56 and a 200 day simple moving average of $52.53. The stock has a market cap of $29.21 billion, a P/E ratio of 31.48, a PEG ratio of 1.47 and a beta of 0.71. TechnipFMC has a 1-year low of $24.36 and a 1-year high of $75.52. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13.
TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.19. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same period in the prior year, the firm posted $0.54 EPS. The company's revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts anticipate that TechnipFMC will post 1.63 earnings per share for the current year.
TechnipFMC Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Tuesday, March 17th. TechnipFMC's dividend payout ratio (DPR) is 8.66%.
Insider Transactions at TechnipFMC
In related news, insider Jonathan Landes sold 116,194 shares of the firm's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $62.20, for a total value of $7,227,266.80. Following the transaction, the insider owned 71,356 shares in the company, valued at approximately $4,438,343.20. This trade represents a 61.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Justin Rounce sold 172,276 shares of the business's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $62.10, for a total value of $10,698,339.60. Following the completion of the transaction, the executive vice president directly owned 119,667 shares of the company's stock, valued at approximately $7,431,320.70. This trade represents a 59.01% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,216,442 shares of company stock worth $75,762,414. Corporate insiders own 1.40% of the company's stock.
Hedge Funds Weigh In On TechnipFMC
Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its position in TechnipFMC by 5,475.0% during the third quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company's stock valued at $26,000 after purchasing an additional 657 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in TechnipFMC in the fourth quarter valued at about $32,000. Newbridge Financial Services Group Inc. bought a new position in TechnipFMC in the third quarter valued at about $32,000. Geneos Wealth Management Inc. raised its stake in 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 worth $35,000 after acquiring an additional 340 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in TechnipFMC during the 4th quarter worth approximately $41,000. 96.58% of the stock is owned by institutional investors.
About TechnipFMC
(
Get Free Report)
TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company's activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.
Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.
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