FMC Technologies (FTI) Receives Daily News Impact Rating of 0.14
News stories about FMC Technologies (NYSE:FTI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. FMC Technologies earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.8767087601962 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- FTI INVESTOR ALERT: The Law Offices of Vincent Wong Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of TechnipFMC plc (FTI) (finance.yahoo.com)
- IMPORTANT INVESTOR ALERT: Khang & Khang LLP Announces a Securities Class Action Lawsuit against TechnipFMC plc and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- IMPORTANT SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against TechnipFMC plc and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- FTI SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notifies Investors of an Investigation Involving Possible Securities Fraud Violations by the Board of Directors of TechnipFMC plc (finance.yahoo.com)
- IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces a Securities Class Action Lawsuit against TechnipFMC plc and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
Several analysts have recently commented on FTI shares. ValuEngine lowered FMC Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BMO Capital Markets set a $37.00 price objective on FMC Technologies and gave the company a “hold” rating in a report on Wednesday, April 12th. Scotiabank set a $37.00 price objective on FMC Technologies and gave the company a “buy” rating in a report on Monday, May 1st. Seaport Global Securities upgraded FMC Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $35.00 to $40.00 in a report on Thursday, April 20th. Finally, Sanford C. Bernstein upgraded FMC Technologies from an “underperform” rating to a “market perform” rating and set a $29.00 price objective for the company in a report on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $34.78.
Shares of FMC Technologies (NYSE:FTI) traded down 1.07% during midday trading on Thursday, reaching $26.87. The company’s stock had a trading volume of 3,380,891 shares. The company has a 50 day moving average of $27.60 and a 200-day moving average of $30.55. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 32.49 and a beta of 0.92. FMC Technologies has a 52 week low of $26.25 and a 52 week high of $37.09.
FMC Technologies (NYSE:FTI) last announced its earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.08. The business had revenue of $3.85 billion during the quarter, compared to analysts’ expectations of $3.80 billion. Equities research analysts predict that FMC Technologies will post $1.06 earnings per share for the current year.
FMC Technologies announced that its Board of Directors has approved a share repurchase plan on Wednesday, April 26th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the oil and gas company to repurchase up to 135% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
In other news, CFO Maryann T. Mannen sold 6,500 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $29.20, for a total value of $189,800.00. Following the completion of the sale, the chief financial officer now directly owns 309,261 shares of the company’s stock, valued at $9,030,421.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Bradley D. Beitler sold 12,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $32.00, for a total transaction of $384,000.00. Following the completion of the sale, the executive vice president now directly owns 87,886 shares of the company’s stock, valued at $2,812,352. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.
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FMC Technologies Company Profile
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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