FMC Technologies Inc. (NYSE:FTI) shares traded down 3.6% during 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. The stock had previously closed at $27.17.

A number of research analysts recently commented on the company. Jefferies Group set a $29.00 price target on FMC Technologies and gave the stock a “hold” rating in a report on Wednesday. FBR & Co reissued a “hold” rating on shares of FMC Technologies in a report on Wednesday. Citigroup Inc. reissued a “neutral” rating and issued a $29.00 price target on shares of FMC Technologies in a report on Saturday, June 25th. Credit Suisse Group AG reissued a “hold” rating and issued a $26.00 price target on shares of FMC Technologies in a report on Thursday, June 2nd. Finally, Barclays PLC cut FMC Technologies to a “neutral” rating and set a $33.00 price target on the stock. in a report on Thursday, May 26th. Nineteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. FMC Technologies has an average rating of “Hold” and a consensus target price of $32.82.

The firm has a 50 day moving average of $26.92 and a 200 day moving average of $26.61. The stock has a market capitalization of $5.91 billion and a price-to-earnings ratio of 37.31.

FMC Technologies (NYSE:FTI) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.08. During the same quarter last year, the firm posted $0.52 EPS. The company earned $1.20 billion during the quarter, compared to analysts’ expectations of $1.26 billion. The business’s quarterly revenue was down 32.2% compared to the same quarter last year. On average, equities analysts predict that FMC Technologies Inc. will post $0.97 earnings per share for the current fiscal year.

A number of institutional investors recently made changes to their positions in FTI. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of FMC Technologies by 0.6% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 58,859 shares of the company’s stock worth $1,707,000 after buying an additional 338 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of FMC Technologies by 0.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 68,084 shares of the company’s stock worth $1,975,000 after buying an additional 500 shares during the last quarter. TrimTabs Asset Management LLC increased its position in shares of FMC Technologies by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 70,358 shares of the company’s stock worth $2,041,000 after buying an additional 1,311 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of FMC Technologies by 0.7% in the fourth quarter. OppenheimerFunds Inc. now owns 217,579 shares of the company’s stock worth $6,314,000 after buying an additional 1,609 shares during the last quarter. Finally, ProShare Advisors LLC increased 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 worth $1,481,000 after buying an additional 2,450 shares during 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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