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

Key Points

• TechnipFMC plc has a **consensus recommendation of "Moderate Buy"** from 15 brokerages, with an average 12-month target price of **$38.92**.
• Recent analysts' reports showed increased price targets, with **Susquehanna** raising it from **$40.00 to $45.00** and **Evercore ISI** from **$42.00 to $46.00**.
• The company recently declared a **quarterly dividend of $0.05**, resulting in an annualized yield of **0.5%**, while its dividend payout ratio stands at **9.43%**.

TechnipFMC plc (NYSE:FTI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen brokerages that are covering the stock, Marketbeat reports. Three research analysts have 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 twelve-month target price among analysts that have covered the stock in the last year is $38.9231.

A number of research firms have recently commented on FTI. Susquehanna boosted their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a "positive" 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 report on Monday, July 14th. Evercore ISI upped their price target on shares of TechnipFMC from $42.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Citigroup reaffirmed a "buy" rating and issued a $41.00 price target (up from $35.00) on shares of TechnipFMC in a report on Thursday, July 10th. Finally, Royal Bank Of Canada upped their price target on shares of TechnipFMC from $37.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, July 25th.

Insider Transactions at TechnipFMC

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director directly 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 legal filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of TechnipFMC

Institutional investors have recently added to or reduced their stakes in the stock. New York State Teachers Retirement System acquired a new stake in TechnipFMC in the first quarter valued at $33,000. Geneos Wealth Management Inc. increased 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 valued at $35,000 after purchasing an additional 340 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in TechnipFMC during the second quarter valued at $44,000. Financial Network Wealth Advisors LLC increased its stake in 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 purchasing an additional 346 shares during the last quarter. Finally, Ossiam increased its stake in TechnipFMC by 52.0% during the second quarter. Ossiam now owns 1,597 shares of the oil and gas company's stock valued at $55,000 after purchasing an additional 546 shares during the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Trading Up 2.0%

NYSE FTI opened at $38.29 on Thursday. The company's fifty day simple moving average is $35.31 and its 200-day simple moving average is $31.45. TechnipFMC has a 52 week low of $22.11 and a 52 week high of $39.06. 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 $15.74 billion, a P/E ratio of 18.06, a PEG ratio of 1.18 and a beta of 1.10.

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

TechnipFMC Dividend Announcement

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

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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