FMC Technologies Inc. (NYSE:FTI) shot up 3.7% during trading on Thursday . The company traded as high as $28.69 and last traded at $28.58, with a volume of 2,105,532 shares trading hands. The stock had previously closed at $27.55.

A number of research firms recently commented on FTI. Jefferies Group reissued a “hold” rating on shares of FMC Technologies in a research report on Sunday, July 10th. Barclays PLC lowered FMC Technologies to a “neutral” rating and set a $33.00 price target for the company. in a research report on Thursday, May 26th. Credit Suisse Group AG reissued a “hold” rating and issued a $26.00 price target on shares of FMC Technologies in a research report on Thursday, June 2nd. Howard Weil decreased their target price on FMC Technologies from $35.00 to $32.00 and set a “sector outperform” rating for the company in a research report on Monday, July 25th. Finally, FBR & Co reaffirmed a “hold” rating on shares of FMC Technologies in a research report on Wednesday, July 20th. Sixteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $31.90.

The company has a market cap of $6.44 billion and a price-to-earnings ratio of 40.84. The company has a 50-day moving average price of $26.28 and a 200 day moving average price of $26.71.

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

Several institutional investors have added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its position in FMC Technologies by 5.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 838,604 shares of the company’s stock worth $24,328,000 after buying an additional 46,747 shares during the period. Calvert Investment Management Inc. raised its position in FMC Technologies by 106.4% in the fourth quarter. Calvert Investment Management Inc. now owns 155,569 shares of the company’s stock worth $4,513,000 after buying an additional 80,196 shares during the period. Bridgewater Associates LP raised its position in FMC Technologies by 985.3% in the fourth quarter. Bridgewater Associates LP now owns 209,423 shares of the company’s stock worth $6,075,000 after buying an additional 190,127 shares during the period. Airain ltd acquired a new position in FMC Technologies during the fourth quarter worth $3,775,000. Finally, KBC Group NV raised its position in FMC Technologies by 59.1% in the fourth quarter. KBC Group NV now owns 86,312 shares of the company’s stock worth $2,504,000 after buying an additional 32,078 shares during the period.

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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