TechnipFMC’s (FTI) “Buy” Rating Reaffirmed at Benchmark

Benchmark reiterated their buy rating on shares of TechnipFMC (NYSE:FTI) in a report published on Friday, Benzinga reports. They currently have a $30.00 price objective on the oil and gas company’s stock.

Other research analysts also recently issued reports about the stock. TD Cowen boosted their price objective on shares of TechnipFMC from $26.00 to $28.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Bank of America boosted their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a buy rating in a report on Monday, April 15th. Susquehanna lifted their price objective on TechnipFMC from $27.00 to $34.00 and gave the company a positive rating in a research report on Friday. StockNews.com lowered TechnipFMC from a buy rating to a hold rating in a research report on Saturday, April 20th. Finally, Barclays lifted their price target on TechnipFMC from $32.00 to $33.00 and gave the company an overweight rating in a report on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $26.14.

TechnipFMC Price Performance

Shares of NYSE:FTI opened at $26.61 on Friday. The company’s fifty day moving average is $24.35 and its two-hundred day moving average is $21.61. The company has a market cap of $11.63 billion, a P/E ratio of 56.62 and a beta of 1.65. TechnipFMC has a 12-month low of $12.64 and a 12-month high of $27.26. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.30.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.96 billion. The firm’s revenue was up 18.9% compared to the same quarter last year. Equities analysts expect that TechnipFMC will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.75%. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Insider Transactions at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the transaction, the director now directly owns 103,982 shares in the company, valued at approximately $2,204,418.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.93% of the stock is owned by corporate insiders.

Institutional Trading of TechnipFMC

Several hedge funds have recently added to or reduced their stakes in FTI. Vanguard Group Inc. increased its position in TechnipFMC by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company’s stock worth $803,888,000 after buying an additional 126,247 shares during the period. Invesco Ltd. increased its position in TechnipFMC by 75.7% during the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock worth $263,809,000 after acquiring an additional 5,587,050 shares during the period. Massachusetts Financial Services Co. MA raised its stake in TechnipFMC by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,214,539 shares of the oil and gas company’s stock valued at $207,764,000 after purchasing an additional 593,828 shares during the last quarter. American Century Companies Inc. boosted its holdings in TechnipFMC by 161.9% in the 3rd quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock valued at $108,048,000 after purchasing an additional 3,283,972 shares during the period. Finally, Lord Abbett & CO. LLC grew its position in TechnipFMC by 68.7% in the 3rd quarter. Lord Abbett & CO. LLC now owns 4,000,978 shares of the oil and gas company’s stock worth $81,380,000 after purchasing an additional 1,629,170 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

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.