TechnipFMC plc (NYSE:FTI) Receives $58.47 Average PT from Analysts

Shares of TechnipFMC plc (NYSE:FTI) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $59.20.

A number of analysts have issued reports on FTI shares. Barclays reiterated an “overweight” rating and set a $69.00 price target on shares of TechnipFMC in a research note on Friday, February 20th. BMO Capital Markets lifted their price objective on shares of TechnipFMC from $52.00 to $67.00 and gave the company a “market perform” rating in a report on Monday, February 23rd. Susquehanna upped their target price on shares of TechnipFMC from $71.00 to $82.00 and gave the stock a “positive” rating in a research note on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of TechnipFMC in a report on Thursday, January 22nd. Finally, TD Cowen reissued a “buy” rating on shares of TechnipFMC in a research report on Friday, February 20th.

TechnipFMC Trading Up 1.0%

Shares of NYSE FTI opened at $70.83 on Monday. TechnipFMC has a twelve month low of $22.11 and a twelve month high of $71.49. The company has a current ratio of 1.13, a quick ratio of 0.89 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $61.13 and a 200-day simple moving average of $49.04. The stock has a market capitalization of $28.44 billion, a PE ratio of 30.66, a PEG ratio of 1.29 and a beta of 0.70.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, February 19th. The oil and gas company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.19. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. During the same quarter in the prior year, the company earned $0.54 EPS. TechnipFMC’s revenue was up 6.3% on a year-over-year basis. On average, equities analysts forecast that TechnipFMC will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Tuesday, March 17th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Tuesday, March 17th. TechnipFMC’s dividend payout ratio (DPR) is presently 8.66%.

Insider Transactions at TechnipFMC

In other TechnipFMC news, EVP Luana Duffe sold 47,951 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $62.43, for a total value of $2,993,580.93. Following the sale, the executive vice president owned 78,871 shares of the company’s stock, valued at $4,923,916.53. This trade represents a 37.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Alf Melin sold 83,721 shares of TechnipFMC stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $61.83, for a total value of $5,176,469.43. Following the completion of the transaction, the chief financial officer owned 282,537 shares of the company’s stock, valued at $17,469,262.71. The trade was a 22.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,216,442 shares of company stock valued at $75,762,414 in the last 90 days. Insiders own 1.80% of the company’s stock.

Institutional Trading of TechnipFMC

Large investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in TechnipFMC by 5,475.0% in the third quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 657 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of TechnipFMC in the 4th quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of TechnipFMC in the 3rd quarter valued at $32,000. Geneos Wealth Management Inc. raised its holdings in shares of TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 340 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of TechnipFMC during the 4th quarter worth $41,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.