Brokerages Set TechnipFMC plc (NYSE:FTI) Price Target at $25.34

TechnipFMC plc (NYSE:FTI) has been assigned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $26.07.

A number of research firms recently issued reports on FTI. Benchmark reiterated a “buy” rating and issued a $30.00 target price on shares of TechnipFMC in a research note on Friday. Susquehanna raised their price target on TechnipFMC from $27.00 to $34.00 and gave the company a “positive” rating in a research report on Friday. Barclays boosted their price objective on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. StockNews.com raised TechnipFMC from a “hold” rating to a “buy” rating in a report on Sunday. Finally, HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price target on the stock. in a research report on Friday, February 23rd.

Insider Transactions at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $264,809.20. Following the sale, the director now owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.06% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TechnipFMC

A number of large investors have recently bought and sold shares of FTI. Parkside Financial Bank & Trust acquired a new stake in shares of TechnipFMC in the 3rd quarter valued at $29,000. Johnson Financial Group Inc. bought a new position in TechnipFMC in the fourth quarter valued at approximately $33,000. Quarry LP grew its holdings in TechnipFMC by 76.6% during the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 768 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of TechnipFMC during the 4th quarter valued at $45,000. Finally, Systematic Alpha Investments LLC acquired a new position in shares of TechnipFMC in the 3rd quarter valued at $146,000. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Price Performance

NYSE FTI opened at $26.59 on Monday. TechnipFMC has a fifty-two week low of $12.64 and a fifty-two week high of $27.26. The stock’s 50-day moving average is $24.21 and its two-hundred day moving average is $21.57. The firm has a market cap of $11.62 billion, a P/E ratio of 56.57 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 0.92.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 9.60% and a net margin of 2.61%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.96 billion. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, analysts anticipate that TechnipFMC will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Monday, May 20th. TechnipFMC’s payout ratio is 42.55%.

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.