TechnipFMC (NYSE:FTI) Downgraded by StockNews.com to “Hold”

TechnipFMC (NYSE:FTI) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other equities research analysts have also commented on FTI. Susquehanna increased their price target on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. Citigroup increased their target price on shares of TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $29.51.

TechnipFMC Stock Performance

NYSE FTI opened at $25.55 on Thursday. The company has a market cap of $11.01 billion, a P/E ratio of 54.36 and a beta of 1.50. The company has a fifty day simple moving average of $26.39 and a 200 day simple moving average of $25.98. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.23. TechnipFMC has a 12-month low of $18.33 and a 12-month high of $29.85.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The firm had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the company earned $0.10 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. Sell-side analysts predict that TechnipFMC will post 1.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new position in shares of TechnipFMC in the second quarter worth $210,000. Point72 Asset Management L.P. boosted its position in shares of TechnipFMC by 217.0% in the second quarter. Point72 Asset Management L.P. now owns 706,918 shares of the oil and gas company’s stock valued at $18,486,000 after acquiring an additional 483,918 shares during the period. Quarry LP grew its stake in TechnipFMC by 73.0% during the second quarter. Quarry LP now owns 2,706 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 1,142 shares in the last quarter. Creative Planning increased its holdings in TechnipFMC by 3.2% during the 2nd quarter. Creative Planning now owns 17,392 shares of the oil and gas company’s stock worth $455,000 after acquiring an additional 546 shares during the period. Finally, Algert Global LLC grew its position in TechnipFMC by 16.0% during the second quarter. Algert Global LLC now owns 470,773 shares of the oil and gas company’s stock worth $12,311,000 after buying an additional 64,831 shares in the last quarter. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

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.