TechnipFMC PLC (NYSE:FTI) shares gapped up prior to trading on Thursday . The stock had previously closed at $7.86, but opened at $7.49. TechnipFMC shares last traded at $7.25, with a volume of 2,985,832 shares changing hands.

Several research firms have weighed in on FTI. Sanford C. Bernstein raised shares of TechnipFMC from an “underperform” rating to an “outperform” rating in a research note on Monday, April 6th. Piper Sandler downgraded shares of TechnipFMC from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $31.00 to $8.00 in a research note on Friday, March 27th. ValuEngine raised shares of TechnipFMC from a “sell” rating to a “hold” rating in a research note on Thursday, April 23rd. Wells Fargo & Co decreased their price target on shares of TechnipFMC from $18.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Finally, Cfra decreased their price target on shares of TechnipFMC from $16.00 to $8.50 and set a “hold” rating for the company in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.34.

The company has a market capitalization of $3.25 billion, a P/E ratio of 16.88, a P/E/G ratio of 0.60 and a beta of 2.00. The firm’s 50-day moving average price is $7.78 and its 200 day moving average price is $14.73. The company has a quick ratio of 1.01, a current ratio of 1.14 and a debt-to-equity ratio of 1.09.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.33). TechnipFMC had a positive return on equity of 2.41% and a negative net margin of 40.74%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts expect that TechnipFMC PLC will post 0.54 EPS for the current year.

In other news, Director Olivier Piou purchased 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average cost of $5.41 per share, for a total transaction of $108,200.00. Following the completion of the acquisition, the director now owns 65,965 shares in the company, valued at $356,870.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in FTI. Nisa Investment Advisors LLC boosted its stake in TechnipFMC by 1,129.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 103,300 shares of the oil and gas company’s stock valued at $2,215,000 after acquiring an additional 94,900 shares during the last quarter. CWM Advisors LLC boosted its stake in TechnipFMC by 42.2% in the fourth quarter. CWM Advisors LLC now owns 44,292 shares of the oil and gas company’s stock valued at $950,000 after acquiring an additional 13,147 shares during the last quarter. State of Michigan Retirement System boosted its stake in TechnipFMC by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 101,600 shares of the oil and gas company’s stock valued at $2,178,000 after acquiring an additional 700 shares during the last quarter. Everence Capital Management Inc. boosted its stake in TechnipFMC by 48.4% in the fourth quarter. Everence Capital Management Inc. now owns 37,210 shares of the oil and gas company’s stock valued at $798,000 after acquiring an additional 12,140 shares during the last quarter. Finally, M&G Investment Management Ltd. purchased a new position in TechnipFMC in the fourth quarter valued at about $3,349,000. Institutional investors and hedge funds own 83.25% of the company’s stock.

TechnipFMC Company Profile (NYSE:FTI)

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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