FMC Technologies Inc. (NYSE:FTI) shares were up 3.7% during mid-day 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 traded. The stock had previously closed at $27.55.

A number of research analysts have issued reports on FTI shares. 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. Cowen and Company reiterated an “outperform” rating and set a $35.00 price target (up previously from $29.00) on shares of FMC Technologies in a research report on Thursday, April 28th. Simmons reissued an “overweight” rating and issued a $29.00 price objective (up previously from $27.00) on shares of FMC Technologies in a research note on Monday, July 25th. Jefferies Group set a $29.00 price objective on FMC Technologies and gave the stock a “hold” rating in a research note on Wednesday, July 20th. Finally, Royal Bank Of Canada boosted their price objective on FMC Technologies from $29.00 to $32.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 28th. Sixteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.90.

The firm has a market capitalization of $6.50 billion and a price-to-earnings ratio of 41.24. The firm has a 50-day moving average of $26.41 and a 200-day moving average of $26.76.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in FMC Technologies during the fourth quarter valued at about $1,990,000. KBC Group NV increased 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 in the last quarter. Airain ltd purchased a new stake in FMC Technologies during the fourth quarter valued at about $3,775,000. Finally, Jennison Associates LLC increased its stake in FMC Technologies by 4.6% in the fourth quarter. Jennison Associates LLC now owns 1,729,825 shares of the company’s stock valued at $50,182,000 after buying an additional 76,423 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.