Brokerages Set TechnipFMC plc (NYSE:FTI) Target Price at $36.46

Shares of TechnipFMC plc (NYSE:FTI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $36.46.

FTI has been the topic of several research analyst reports. Piper Sandler lifted their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Royal Bank Of Canada reiterated an "outperform" rating and set a $37.00 price objective on shares of TechnipFMC in a research note on Monday, April 28th. 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 target for the company. in a research report on Thursday, May 22nd. Finally, Barclays raised their price objective on TechnipFMC from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, April 25th.

Institutional Investors Weigh In On TechnipFMC

Hedge funds and other institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. grew its stake in shares of TechnipFMC by 0.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 42,166,132 shares of the oil and gas company's stock valued at $1,220,288,000 after purchasing an additional 365,527 shares during the last quarter. Vanguard Group Inc. boosted its holdings in TechnipFMC by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 40,793,925 shares of the oil and gas company's stock valued at $1,180,576,000 after purchasing an additional 1,623,864 shares in the last quarter. Ameriprise Financial Inc. increased its position in TechnipFMC by 9.0% during the 1st quarter. Ameriprise Financial Inc. now owns 18,030,976 shares of the oil and gas company's stock worth $571,583,000 after purchasing an additional 1,492,746 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of TechnipFMC by 2.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,952,064 shares of the oil and gas company's stock valued at $315,381,000 after buying an additional 202,599 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of TechnipFMC by 111.4% in the first quarter. AQR Capital Management LLC now owns 8,735,697 shares of the oil and gas company's stock valued at $273,078,000 after buying an additional 4,602,939 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Stock Down 0.4%

Shares of TechnipFMC stock traded down $0.12 during trading on Friday, hitting $34.02. 5,260,849 shares of the stock traded hands, compared to its average volume of 4,493,704. TechnipFMC has a 52-week low of $22.11 and a 52-week high of $35.71. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a market cap of $14.26 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. The stock's fifty day simple moving average is $30.42 and its 200 day simple moving average is $29.82.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a net margin of 8.93% and a return on equity of 27.01%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. On average, equities analysts predict that TechnipFMC will post 1.63 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.59%. The ex-dividend date was Tuesday, May 20th. TechnipFMC's dividend payout ratio (DPR) is presently 10.53%.

TechnipFMC Company Profile

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.