Barclays Boosts TechnipFMC (NYSE:FTI) Price Target to $34.00

TechnipFMC (NYSE:FTI) had its price target raised by Barclays from $33.00 to $34.00 in a research note published on Monday, Benzinga reports. Barclays currently has an overweight rating on the oil and gas company’s stock.

A number of other analysts also recently issued reports on the company. StockNews.com raised TechnipFMC from a hold rating to a buy rating in a research note on Sunday. Benchmark reaffirmed a buy rating and set a $30.00 target price on shares of TechnipFMC in a research note on Friday, April 26th. HSBC lowered shares of TechnipFMC from a buy rating to a hold rating and set a $23.60 target price on the stock. in a report on Friday, February 23rd. Bank of America raised their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the stock a buy rating in a report on Monday, April 15th. Finally, TD Cowen increased their price objective on TechnipFMC from $30.00 to $32.00 and gave the stock a buy rating in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $26.72.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $25.35 on Monday. The stock has a market capitalization of $10.93 billion, a price-to-earnings ratio of 53.94 and a beta of 1.65. TechnipFMC has a 52 week low of $12.64 and a 52 week high of $27.26. The firm has a 50-day simple moving average of $24.46 and a 200-day simple moving average of $21.65. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.31.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The company’s revenue was up 18.9% on a year-over-year basis. On average, equities analysts predict that TechnipFMC will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Monday, May 20th. TechnipFMC’s payout ratio is 42.55%.

Insider Activity at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the 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 document filed with the SEC, which is available through this link. Company insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

Large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust purchased a new stake in shares of TechnipFMC during the third quarter worth approximately $29,000. Johnson Financial Group Inc. purchased a new stake in shares of TechnipFMC in the 4th quarter valued at approximately $33,000. Quarry LP raised its holdings in shares of TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 768 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of TechnipFMC during the 4th quarter worth $45,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of TechnipFMC by 367.6% during the first 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 in the last quarter. Hedge funds and other 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.