TechnipFMC (FTI) Stock Rating Upgraded by DNB Markets
DNB Markets upgraded shares of TechnipFMC (NYSE:FTI) from a hold rating to a buy rating in a research report report published on Friday, MarketBeat Ratings reports.
Several other research analysts have also issued reports on FTI. Susquehanna Bancshares set a $39.00 target price on TechnipFMC and gave the company a buy rating in a research report on Friday, January 12th. Societe Generale lowered TechnipFMC from a buy rating to a hold rating in a research report on Monday, January 29th. ValuEngine lowered TechnipFMC from a buy rating to a hold rating in a research report on Friday, February 2nd. Royal Bank of Canada set a $36.00 target price on TechnipFMC and gave the company a buy rating in a research report on Friday, February 23rd. Finally, Barclays reaffirmed a hold rating and set a $32.00 target price on shares of TechnipFMC in a research report on Tuesday, February 27th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. TechnipFMC has an average rating of Hold and an average target price of $33.36.
Shares of TechnipFMC opened at $32.01 on Friday, MarketBeat Ratings reports. TechnipFMC has a 1 year low of $24.53 and a 1 year high of $35.00. The stock has a market cap of $14.94 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 8.10 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.18 and a debt-to-equity ratio of 0.28.
TechnipFMC (NYSE:FTI) last announced its earnings results on Wednesday, May 9th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.04). TechnipFMC had a net margin of 1.54% and a return on equity of 4.58%. The business had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the company earned $0.26 earnings per share. The company’s quarterly revenue was down 7.8% on a year-over-year basis. research analysts expect that TechnipFMC will post 1.32 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 6th. Investors of record on Tuesday, May 22nd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, May 21st. TechnipFMC’s dividend payout ratio (DPR) is 40.31%.
In related news, Director Richard A. Pattarozzi sold 18,500 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $30.83, for a total transaction of $570,355.00. Following the sale, the director now directly owns 80,581 shares of the company’s stock, valued at $2,484,312.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dianne B. Ralston sold 16,650 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $29.99, for a total value of $499,333.50. Following the sale, the executive vice president now directly owns 105,105 shares in the company, valued at $3,152,098.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,150 shares of company stock worth $1,429,809. 0.86% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement Association of Colorado grew its holdings in TechnipFMC by 2.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 54,805 shares of the oil and gas company’s stock worth $1,716,000 after acquiring an additional 1,567 shares during the period. Envestnet Asset Management Inc. boosted its position in TechnipFMC by 5.0% during the first quarter. Envestnet Asset Management Inc. now owns 33,737 shares of the oil and gas company’s stock worth $995,000 after purchasing an additional 1,615 shares in the last quarter. AMG Funds LLC boosted its position in TechnipFMC by 4.8% during the first quarter. AMG Funds LLC now owns 40,922 shares of the oil and gas company’s stock worth $1,205,000 after purchasing an additional 1,857 shares in the last quarter. Arizona State Retirement System boosted its position in TechnipFMC by 2.0% during the fourth quarter. Arizona State Retirement System now owns 111,086 shares of the oil and gas company’s stock worth $3,478,000 after purchasing an additional 2,186 shares in the last quarter. Finally, Norinchukin Bank The boosted its position in TechnipFMC by 7.2% during the fourth quarter. Norinchukin Bank The now owns 35,056 shares of the oil and gas company’s stock worth $1,098,000 after purchasing an additional 2,366 shares in the last quarter. 66.51% of the stock is currently owned by hedge funds and other institutional investors.
TechnipFMC Company Profile
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.