TechnipFMC (NYSE:FTI) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of TechnipFMC (NYSE:FTI) from a buy rating to a hold rating in a report released on Monday morning.

Several other brokerages have also recently weighed in on FTI. ATB Capital set a $30.00 price objective on shares of TechnipFMC and gave the stock an outperform rating in a research note on Friday, December 22nd. Susquehanna boosted their price target on TechnipFMC from $25.00 to $27.00 and gave the company a positive rating in a research note on Friday, February 23rd. Barclays raised their price objective on TechnipFMC from $32.00 to $33.00 and gave the stock an overweight rating in a research note on Tuesday, February 27th. TD Cowen upped their target price on TechnipFMC from $26.00 to $28.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Finally, HSBC lowered TechnipFMC from a buy rating to a hold rating and set a $23.60 target price on the stock. in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, TechnipFMC presently has a consensus rating of Moderate Buy and an average price target of $24.74.

TechnipFMC Stock Down 0.1 %

TechnipFMC stock opened at $25.33 on Monday. TechnipFMC has a twelve month low of $12.64 and a twelve month high of $25.71. The stock has a market cap of $11.07 billion, a P/E ratio of 211.08 and a beta of 1.64. The company’s 50-day moving average price is $21.35 and its two-hundred day moving average price is $20.71. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The firm’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) EPS. As a group, analysts expect that TechnipFMC will post 1.16 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Shareholders of record on Tuesday, March 19th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Monday, March 18th. TechnipFMC’s dividend payout ratio is presently 166.67%.

Insider Transactions at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the sale, the director now directly owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

Several hedge funds have recently modified their holdings of the company. Inceptionr LLC raised its holdings in TechnipFMC by 2.2% in the 4th quarter. Inceptionr LLC now owns 24,612 shares of the oil and gas company’s stock valued at $496,000 after buying an additional 540 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in TechnipFMC by 0.5% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company’s stock valued at $2,571,000 after acquiring an additional 660 shares during the period. Fulton Bank N.A. raised its stake in shares of TechnipFMC by 6.8% during the fourth quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company’s stock valued at $217,000 after acquiring an additional 683 shares during the last quarter. Janney Capital Management LLC grew its stake in shares of TechnipFMC by 2.8% in the third quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company’s stock worth $546,000 after purchasing an additional 722 shares during the last quarter. Finally, Dfpg Investments LLC raised its position in TechnipFMC by 2.4% during the 4th quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company’s stock worth $623,000 after purchasing an additional 738 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.