FMC Technologies Inc. (NYSE:FTI) traded down 3.6% during mid-day trading on Friday . The company traded as low as $26.18 and last traded at $26.20, with a volume of 2,866,749 shares trading hands. The stock had previously closed at $27.17.

A number of equities research analysts have recently issued reports on the company. Jefferies Group set a $29.00 target price on FMC Technologies and gave the company a “hold” rating in a research note on Wednesday. FBR & Co reiterated a “hold” rating on shares of FMC Technologies in a research note on Wednesday. Citigroup Inc. restated a “neutral” rating and set a $29.00 price objective on shares of FMC Technologies in a research note on Saturday, June 25th. Credit Suisse Group AG restated a “hold” rating and set a $26.00 price objective on shares of FMC Technologies in a research note on Thursday, June 2nd. Finally, Barclays PLC lowered FMC Technologies to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Thursday, May 26th. Twenty analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $32.82.

The firm’s 50 day moving average is $26.93 and its 200 day moving average is $26.63. The firm has a market cap of $5.91 billion and a PE ratio of 37.31.

FMC Technologies (NYSE:FTI) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.08. During the same period in the previous year, the company earned $0.52 earnings per share. The company earned $1.20 billion during the quarter, compared to analyst estimates of $1.26 billion. The business’s revenue was down 32.2% compared to the same quarter last year. On average, analysts expect that FMC Technologies Inc. will post $1.03 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Sei Investments Co. raised its position in shares of FMC Technologies by 146.3% in the fourth quarter. Sei Investments Co. now owns 45,936 shares of the company’s stock valued at $1,332,000 after buying an additional 27,282 shares in the last quarter. California Public Employees Retirement System raised its position in shares of FMC Technologies by 1.8% in the fourth quarter. California Public Employees Retirement System now owns 618,100 shares of the company’s stock valued at $17,931,000 after buying an additional 11,000 shares in the last quarter. ProShare Advisors LLC raised its position in shares of FMC Technologies by 5.0% in the fourth quarter. ProShare Advisors LLC now owns 51,039 shares of the company’s stock valued at $1,481,000 after buying an additional 2,450 shares in the last quarter. Comerica Bank raised its position in shares of FMC Technologies by 23.4% in the fourth quarter. Comerica Bank now owns 141,144 shares of the company’s stock valued at $3,670,000 after buying an additional 26,810 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of FMC Technologies by 7.5% in the fourth quarter. New York State Common Retirement Fund now owns 569,500 shares of the company’s stock valued at $16,521,000 after buying an additional 39,600 shares in the last quarter.

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

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