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

StockNews.com upgraded shares of TechnipFMC (NYSE:FTI) from a hold rating to a buy rating in a research note published on Sunday morning.

A number of other analysts also recently issued reports on FTI. Bank of America lifted their price objective on TechnipFMC from $24.00 to $28.50 and gave the stock a buy rating in a research note on Monday, April 15th. Benchmark reiterated a buy rating and issued a $30.00 target price on shares of TechnipFMC in a report on Friday, April 26th. Barclays lifted their target price on TechnipFMC from $32.00 to $33.00 and gave the stock an overweight rating in a report on Tuesday, February 27th. HSBC cut TechnipFMC from a buy rating to a hold rating and set a $23.60 target price for the company. in a report on Friday, February 23rd. Finally, Susquehanna lifted their target price on TechnipFMC from $27.00 to $34.00 and gave the stock a positive rating in a report on Friday, April 26th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $26.14.

TechnipFMC Stock Performance

NYSE:FTI opened at $25.62 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 0.87. TechnipFMC has a 1 year low of $12.64 and a 1 year high of $27.26. The stock’s 50 day simple moving average is $24.35 and its two-hundred day simple moving average is $21.61. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 54.51 and a beta of 1.65.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. TechnipFMC had a return on equity of 9.60% and a net margin of 2.61%. The business had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.96 billion. The company’s revenue was up 18.9% on a year-over-year basis. As a group, equities analysts anticipate that TechnipFMC will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Monday, May 20th. TechnipFMC’s payout ratio is currently 42.55%.

Insider Activity at TechnipFMC

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the transaction, the director now owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On TechnipFMC

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Inceptionr LLC grew its position in shares of TechnipFMC by 2.2% during the 4th quarter. Inceptionr LLC now owns 24,612 shares of the oil and gas company’s stock worth $496,000 after buying an additional 540 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of TechnipFMC by 0.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company’s stock worth $2,571,000 after purchasing an additional 660 shares during the last quarter. Fulton Bank N.A. lifted its stake in shares of TechnipFMC by 6.8% during the 4th quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 683 shares during the last quarter. Janney Capital Management LLC lifted its stake in shares of TechnipFMC by 2.8% during the 3rd 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 lifted its stake in shares of 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 own 96.58% of the company’s stock.

TechnipFMC Company Profile

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.