TechnipFMC (NYSE:FTI) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of TechnipFMC (NYSE:FTI) from a hold rating to a buy rating in a report published on Sunday morning.

A number of other research firms have also commented on FTI. Susquehanna raised their price target on shares of TechnipFMC from $27.00 to $34.00 and gave the stock a positive rating in a research report on Friday, April 26th. HSBC lowered shares of 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. Benchmark reaffirmed a buy rating and set a $30.00 price target on shares of TechnipFMC in a research report on Friday, April 26th. Barclays raised their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. Finally, TD Cowen increased their price objective on shares of TechnipFMC from $30.00 to $32.00 and gave the stock a buy rating in a research note on Friday, April 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $26.14.

TechnipFMC Price Performance

Shares of FTI opened at $25.62 on Friday. The firm has a market capitalization of $11.20 billion, a PE ratio of 54.51 and a beta of 1.65. The company’s 50-day moving average is $24.35 and its 200-day moving average is $21.61. TechnipFMC has a fifty-two week low of $12.64 and a fifty-two week high of $27.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 0.87.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data 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. The company had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.60%. The firm’s revenue was up 18.9% compared to the same quarter last year. Equities analysts forecast that TechnipFMC will post 1.15 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be given 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 0.78%. TechnipFMC’s dividend payout ratio is presently 42.55%.

Insider Buying and Selling

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

Institutional Investors Weigh In On TechnipFMC

Several hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust bought a new position in TechnipFMC during the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. bought a new position in TechnipFMC during the 4th quarter worth approximately $33,000. Quarry LP raised 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 purchasing an additional 768 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in TechnipFMC during the 4th quarter worth approximately $45,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in TechnipFMC by 367.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas company’s stock worth $89,000 after purchasing an additional 2,790 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

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.