TechnipFMC plc (NYSE:FTI) Receives $27.21 Consensus PT from Brokerages

TechnipFMC plc (NYSE:FTI) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $27.21.

Several equities research analysts have recently issued reports on FTI shares. StockNews.com raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research report on Sunday, April 28th. Barclays lifted their price target on TechnipFMC from $33.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, April 29th. Bank of America upped their price objective on TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. Benchmark reissued a “buy” rating and issued a $30.00 target price on shares of TechnipFMC in a research report on Friday, April 26th. Finally, HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price on the stock. in a research note on Friday, February 23rd.

TechnipFMC Stock Performance

FTI stock opened at $24.35 on Tuesday. TechnipFMC has a 1-year low of $14.60 and a 1-year high of $27.30. The business’s 50-day moving average price is $25.79 and its two-hundred day moving average price is $22.72. The firm has a market cap of $10.49 billion, a PE ratio of 51.81 and a beta of 1.58. The company has a current ratio of 1.16, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 9.57% and a net margin of 2.61%. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.96 billion. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. As a group, research analysts forecast that TechnipFMC will post 1.18 earnings per share for the current year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.82%. The ex-dividend date was Monday, May 20th. TechnipFMC’s dividend payout ratio (DPR) is 42.55%.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in TechnipFMC by 8.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company’s stock valued at $1,019,337,000 after acquiring an additional 3,259,348 shares in the last quarter. Vanguard Group Inc. lifted its position in TechnipFMC by 0.3% during the first quarter. Vanguard Group Inc. now owns 40,049,860 shares of the oil and gas company’s stock worth $1,005,652,000 after purchasing an additional 134,880 shares during the period. Invesco Ltd. increased its holdings in TechnipFMC by 75.7% in the 3rd quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock valued at $263,809,000 after buying an additional 5,587,050 shares during the period. American Century Companies Inc. lifted its holdings in shares of TechnipFMC by 161.9% during the 3rd quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock worth $108,048,000 after acquiring an additional 3,283,972 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in shares of TechnipFMC by 68.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 4,000,978 shares of the oil and gas company’s stock worth $81,380,000 after acquiring an additional 1,629,170 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

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.