TechnipFMC plc (NYSE:FTI) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of TechnipFMC plc (NYSE:FTI) have been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $69.6429.

Several brokerages recently issued reports on FTI. UBS Group set a $80.00 price objective on shares of TechnipFMC in a research note on Wednesday, June 3rd. Susquehanna lowered their target price on TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Zacks Research lowered TechnipFMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Barclays increased their price target on TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on TechnipFMC from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st.

Insider Activity at TechnipFMC

In related news, Director Eric D. Mullins purchased 6,365 shares of TechnipFMC stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $78.55 per share, for a total transaction of $499,970.75. Following the acquisition, the director directly owned 8,070 shares in the company, valued at approximately $633,898.50. The trade was a 373.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TechnipFMC

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amundi raised its stake in TechnipFMC by 72.6% during the second quarter. Amundi now owns 4,358,115 shares of the oil and gas company’s stock worth $288,943,000 after purchasing an additional 1,832,581 shares during the period. HighTower Advisors LLC grew its stake in shares of TechnipFMC by 14.0% in the 2nd quarter. HighTower Advisors LLC now owns 90,950 shares of the oil and gas company’s stock valued at $6,030,000 after buying an additional 11,163 shares during the period. California State Teachers Retirement System grew its stake in shares of TechnipFMC by 19,380.5% in the 2nd quarter. California State Teachers Retirement System now owns 91,624,346 shares of the oil and gas company’s stock valued at $6,074,694,000 after buying an additional 91,154,007 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of TechnipFMC during the 2nd quarter worth approximately $44,000. Finally, Wedmont Private Capital increased its holdings in shares of TechnipFMC by 9.5% during the 2nd quarter. Wedmont Private Capital now owns 4,418 shares of the oil and gas company’s stock worth $317,000 after buying an additional 382 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Trading Up 0.7%

Shares of FTI opened at $75.71 on Thursday. TechnipFMC has a 52-week low of $35.29 and a 52-week high of $80.55. The stock has a market cap of $29.69 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 1.54 and a beta of 0.72. The firm’s fifty day moving average is $71.62 and its two-hundred day moving average is $69.70. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.10.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.67 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. Research analysts forecast that TechnipFMC will post 3.09 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 18th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is 6.94%.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.