Analysts Set TechnipFMC plc (NYSE:FTI) Target Price at $25.34

TechnipFMC plc (NYSE:FTI) has earned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $25.34.

Several research analysts have issued reports on FTI shares. TD Cowen upped their price objective on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Susquehanna reaffirmed a “positive” rating and set a $27.00 price target on shares of TechnipFMC in a research note on Monday, April 8th. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Benchmark restated a “buy” rating and set a $30.00 target price (up from $25.00) on shares of TechnipFMC in a research report on Monday, April 1st. Finally, HSBC lowered shares of 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 Down 0.5 %

Shares of NYSE FTI opened at $25.71 on Monday. TechnipFMC has a 12-month low of $12.64 and a 12-month high of $27.26. The firm’s 50-day simple moving average is $23.93 and its 200 day simple moving average is $21.46. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 214.27 and a beta of 1.65.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the firm posted ($0.05) earnings per share. The company’s revenue was up 22.6% on a year-over-year basis. On average, research analysts expect that TechnipFMC will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.78%. The ex-dividend date is Monday, May 20th. TechnipFMC’s payout ratio is presently 166.68%.

Insider Transactions at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction dated 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 directly owns 103,982 shares in the company, valued at $2,204,418.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds have recently modified their holdings of the business. Exchange Traded Concepts LLC acquired a new position in shares of TechnipFMC in the 3rd quarter valued at approximately $2,633,000. Ballentine Partners LLC bought a new position in TechnipFMC in the third quarter valued at approximately $203,000. Xponance Inc. boosted its holdings in shares of TechnipFMC by 128.1% in the third quarter. Xponance Inc. now owns 34,638 shares of the oil and gas company’s stock valued at $705,000 after buying an additional 19,451 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of TechnipFMC by 14.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 12,994 shares of the oil and gas company’s stock worth $264,000 after acquiring an additional 1,674 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of TechnipFMC by 17.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,829 shares of the oil and gas company’s stock worth $1,820,000 after acquiring an additional 13,265 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

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.