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

TechnipFMC plc (NYSE:FTI) has been assigned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.51.

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a research note on Thursday. Citigroup lifted their price target on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Susquehanna boosted their price target on TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a report on Friday, July 26th.

Institutional Trading of TechnipFMC

Several hedge funds and other institutional investors have recently made changes to their positions in FTI. Brown Advisory Inc. acquired a new stake in TechnipFMC during the 4th quarter worth approximately $830,000. Norden Group LLC grew its stake in shares of TechnipFMC by 2,899.1% in the first quarter. Norden Group LLC now owns 378,900 shares of the oil and gas company’s stock worth $9,514,000 after purchasing an additional 366,266 shares during the last quarter. Vanguard Group Inc. increased its holdings in TechnipFMC by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company’s stock valued at $803,888,000 after purchasing an additional 126,247 shares during the period. Edgestream Partners L.P. bought a new position in TechnipFMC during the 1st quarter worth $965,000. Finally, Balyasny Asset Management L.P. lifted its holdings in TechnipFMC by 868.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock worth $63,082,000 after buying an additional 2,808,618 shares during the period. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $26.84 on Thursday. The business has a fifty day moving average price of $26.49 and a two-hundred day moving average price of $25.97. The stock has a market capitalization of $11.50 billion, a PE ratio of 57.10 and a beta of 1.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84. TechnipFMC has a fifty-two week low of $18.33 and a fifty-two week high of $29.85.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.12. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter in the prior year, the business posted $0.10 earnings per share. TechnipFMC’s revenue was up 17.9% compared to the same quarter last year. As a group, equities analysts predict that TechnipFMC will post 1.34 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were given a $0.05 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $0.20 annualized dividend and a yield of 0.75%. TechnipFMC’s dividend payout ratio is presently 42.55%.

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.