TechnipFMC plc (NYSE:FTI) Receives Average Recommendation of "Buy" from Brokerages

Shares of TechnipFMC plc (NYSE:FTI - Get Free Report) have been given an average rating of "Buy" by the thirteen analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $36.83.

Several research analysts have weighed in on FTI shares. Barclays upped their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Susquehanna decreased their price objective on TechnipFMC from $41.00 to $35.00 and set a "positive" rating for the company in a report on Monday, April 14th. StockNews.com cut TechnipFMC from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Royal Bank of Canada reiterated an "outperform" rating and set a $37.00 target price on shares of TechnipFMC in a research note on Monday, April 28th. Finally, Piper Sandler boosted their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, February 28th.

Insider Activity at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $29.76, for a total value of $279,178.56. Following the completion of the transaction, the director now directly owns 100,951 shares of the company's stock, valued at $3,004,301.76. This trade represents a 8.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Justin Rounce sold 42,178 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the transaction, the executive vice president now owns 140,207 shares of the company's stock, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,706 shares of company stock worth $1,651,665. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On TechnipFMC

Several large investors have recently added to or reduced their stakes in the business. Baker Tilly Wealth Management LLC grew its stake in TechnipFMC by 4.1% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 8,581 shares of the oil and gas company's stock worth $248,000 after buying an additional 338 shares in the last quarter. Yousif Capital Management LLC raised its holdings in TechnipFMC by 4.6% during the 4th quarter. Yousif Capital Management LLC now owns 8,172 shares of the oil and gas company's stock valued at $236,000 after buying an additional 357 shares during the last quarter. Diversify Advisory Services LLC raised 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. Sigma Planning Corp raised its position in TechnipFMC by 3.3% during the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company's stock valued at $334,000 after purchasing an additional 363 shares during the last quarter. Finally, Acuitas Investments LLC raised its stake in TechnipFMC by 13.4% in the first quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company's stock worth $108,000 after buying an additional 400 shares in the last quarter. Institutional investors own 96.58% of the company's stock.

TechnipFMC Stock Down 0.1 %

Shares of FTI stock traded down $0.02 on Friday, reaching $29.13. 2,344,729 shares of the company were exchanged, compared to its average volume of 3,993,125. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The company has a 50-day moving average of $27.51 and a 200-day moving average of $29.01. The company has a market cap of $12.21 billion, a price-to-earnings ratio of 19.16 and a beta of 0.98. TechnipFMC has a one year low of $22.12 and a one year high of $33.45.

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

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Tuesday, May 20th. TechnipFMC's 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.