ValuEngine downgraded shares of TechnipFMC (NYSE:FTI) from a hold rating to a sell rating in a research report report published on Thursday morning.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group raised TechnipFMC from a hold rating to a buy rating and set a $37.00 target price on the stock in a research note on Thursday, August 16th. Barclays reduced their target price on TechnipFMC from $35.00 to $33.00 and set a hold rating on the stock in a research note on Tuesday, October 30th. Royal Bank of Canada set a $32.00 target price on TechnipFMC and gave the company a buy rating in a research note on Friday, October 26th. Credit Suisse Group reduced their target price on TechnipFMC from $38.00 to $29.00 and set a buy rating on the stock in a research note on Monday, October 29th. Finally, Piper Jaffray Companies restated a buy rating on shares of TechnipFMC in a research report on Monday, October 29th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $36.24.

FTI opened at $21.00 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.19 and a current ratio of 1.33. TechnipFMC has a 52-week low of $20.98 and a 52-week high of $35.00. The company has a market cap of $9.80 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.39 and a beta of 1.08.

TechnipFMC (NYSE:FTI) last posted its earnings results on Wednesday, October 24th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.07). TechnipFMC had a net margin of 1.42% and a return on equity of 3.76%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $3.22 billion. As a group, equities analysts anticipate that TechnipFMC will post 1.31 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 5th. Investors of record on Tuesday, November 20th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, November 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.48%. TechnipFMC’s dividend payout ratio is presently 10.08%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. bought a new stake in TechnipFMC in the third quarter worth $25,005,000. Vanguard Group Inc. boosted its holdings in TechnipFMC by 0.9% in the third quarter. Vanguard Group Inc. now owns 28,028,435 shares of the oil and gas company’s stock worth $875,888,000 after acquiring an additional 240,890 shares in the last quarter. Morgan Stanley boosted its holdings in TechnipFMC by 49.0% in the third quarter. Morgan Stanley now owns 723,689 shares of the oil and gas company’s stock worth $22,616,000 after acquiring an additional 238,055 shares in the last quarter. Nordea Investment Management AB bought a new stake in TechnipFMC in the third quarter worth $804,000. Finally, Platinum Investment Management Ltd. boosted its holdings in TechnipFMC by 1.2% in the third quarter. Platinum Investment Management Ltd. now owns 8,455,185 shares of the oil and gas company’s stock worth $264,225,000 after acquiring an additional 103,085 shares in the last quarter. Institutional investors own 64.83% of the company’s stock.

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.

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Analyst Recommendations for TechnipFMC (NYSE:FTI)

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