TechnipFMC plc (NYSE:FTI) Given Average Rating of “Buy” by Analysts

Shares of TechnipFMC plc (NYSE:FTI) have earned an average recommendation of “Buy” from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $36.31.

FTI has been the topic of a number of research analyst reports. Barclays boosted their price target on TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a report on Monday, March 3rd. Evercore ISI upped their target price on TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Piper Sandler raised their price target on TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and boosted their price objective for the company from $29.00 to $40.00 in a research report on Friday, December 6th. Finally, The Goldman Sachs Group started coverage on shares of TechnipFMC in a research report on Friday, December 13th. They issued a “buy” rating and a $38.00 target price for the company.

TechnipFMC Price Performance

Shares of TechnipFMC stock opened at $26.38 on Thursday. The firm has a market cap of $11.09 billion, a PE ratio of 17.35 and a beta of 1.54. The company’s fifty day simple moving average is $30.21 and its two-hundred day simple moving average is $28.60. The company has a quick ratio of 0.89, a current ratio of 1.14 and a debt-to-equity ratio of 0.22. TechnipFMC has a 12-month low of $22.33 and a 12-month high of $33.45.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.76%. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

Institutional Investors Weigh In On TechnipFMC

A number of institutional investors have recently made changes to their positions in the company. Smartleaf Asset Management LLC increased its position in shares of TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 525 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new stake in shares of TechnipFMC during the fourth quarter valued at approximately $45,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of TechnipFMC during the fourth quarter valued at approximately $46,000. EverSource Wealth Advisors LLC increased its position in shares of TechnipFMC by 393.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock valued at $49,000 after acquiring an additional 1,338 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock valued at $50,000 after acquiring an additional 563 shares in the last quarter. Hedge funds and other institutional investors 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.