FMC Technologies Inc. (NYSE:FTI) gapped down prior to trading on Friday . The stock had previously closed at $26.54, but opened at $26.55. FMC Technologies shares last traded at $26.70, with a volume of 2,435,540 shares changing hands.

Several equities research analysts have issued reports on the stock. Jefferies Group reissued a “hold” rating on shares of FMC Technologies in a report on Friday, August 5th. FBR & Co lowered their price target on shares of FMC Technologies from $28.00 to $27.00 and set a “mkt perform” rating on the stock in a report on Wednesday, July 27th. Scotiabank reaffirmed a “sector outperform” rating and issued a $32.00 target price (down previously from $35.00) on shares of FMC Technologies in a report on Tuesday, July 26th. Simmons reaffirmed an “overweight” rating and issued a $29.00 target price (up previously from $27.00) on shares of FMC Technologies in a report on Monday, July 25th. Finally, Howard Weil lowered their target price on shares of FMC Technologies from $35.00 to $32.00 and set a “sector outperform” rating on the stock in a report on Monday, July 25th. Sixteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.90.

The stock has a 50 day moving average price of $26.09 and a 200-day moving average price of $26.63. The firm has a market capitalization of $6.04 billion and a price-to-earnings ratio of 38.30.

FMC Technologies (NYSE:FTI) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.08. The firm earned $1.20 billion during the quarter, compared to the consensus estimate of $1.26 billion. The company’s revenue was down 32.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. Equities analysts anticipate that FMC Technologies Inc. will post $0.93 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in FTI. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in 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 valued at $1,707,000 after buying an additional 338 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in FMC Technologies by 2.5% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 131,530 shares of the company’s stock valued at $3,816,000 after buying an additional 3,210 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in FMC Technologies by 53.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 58,316 shares of the company’s stock valued at $1,908,000 after buying an additional 20,359 shares during the period. KBC Group NV boosted its stake in FMC Technologies by 59.1% in the fourth quarter. KBC Group NV now owns 86,312 shares of the company’s stock valued at $2,504,000 after buying an additional 32,078 shares during the period. Finally, Marshall Wace LLP purchased a new stake in FMC Technologies during the fourth quarter valued at $1,990,000.

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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