TechnipFMC (NYSE:FTI) PT Raised to $32.00

TechnipFMC (NYSE:FTI) had its target price raised by research analysts at TD Cowen from $30.00 to $32.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s target price indicates a potential upside of 20.35% from the stock’s current price.

Other research analysts have also issued reports about the company. Bank of America raised their price target on TechnipFMC from $24.00 to $28.50 and gave the stock a “buy” rating in a research report on Monday, April 15th. 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 issued a $30.00 price target on shares of TechnipFMC in a research report on Friday. Susquehanna raised their price target on TechnipFMC from $27.00 to $34.00 and gave the stock a “positive” rating in a research report on Friday. Finally, HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price on the stock. in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.07.

TechnipFMC Price Performance

NYSE FTI opened at $26.59 on Friday. The stock has a fifty day moving average of $24.21 and a 200-day moving average of $21.56. The stock has a market capitalization of $11.62 billion, a P/E ratio of 56.57 and a beta of 1.65. TechnipFMC has a 52 week low of $12.64 and a 52 week high of $27.26. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.16.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 9.60% and a net margin of 2.61%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, equities research analysts forecast that TechnipFMC will post 1.15 EPS for the current year.

Insider Buying and Selling 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 value of $264,809.20. Following the sale, the director now owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.

Institutional Trading of TechnipFMC

Hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust acquired a new stake in shares of TechnipFMC in the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. acquired a new stake in shares of TechnipFMC in the fourth quarter valued at about $33,000. Quarry LP increased its position in shares of TechnipFMC by 76.6% in the fourth quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 768 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of TechnipFMC in the fourth quarter valued at about $45,000. Finally, Systematic Alpha Investments LLC acquired a new stake in shares of TechnipFMC in the third quarter valued at about $146,000. 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.