TechnipFMC plc (NYSE:FTI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of TechnipFMC plc (NYSE:FTIGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $37.31.

Several equities analysts have commented on FTI shares. Sanford C. Bernstein downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 target price for the company. in a research report on Thursday, May 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 target price on shares of TechnipFMC in a research report on Monday, April 28th. BTIG Research downgraded TechnipFMC from a “buy” rating to a “neutral” rating in a research report on Monday. Citigroup reiterated a “buy” rating and issued a $41.00 target price (up from $35.00) on shares of TechnipFMC in a research report on Thursday, July 10th. Finally, Susquehanna increased their target price on TechnipFMC from $35.00 to $40.00 and gave the company a “positive” rating in a research report on Tuesday, July 1st.

Check Out Our Latest Stock Analysis on FTI

Hedge Funds Weigh In On TechnipFMC

Hedge funds have recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new position in shares of TechnipFMC during the first quarter worth about $33,000. Geneos Wealth Management Inc. grew its stake in TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 340 shares during the period. Financial Network Wealth Advisors LLC grew its stake in TechnipFMC by 29.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock worth $48,000 after purchasing an additional 346 shares during the period. EverSource Wealth Advisors LLC grew its stake in 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 worth $49,000 after purchasing an additional 1,338 shares during the period. Finally, Westpac Banking Corp acquired a new stake in TechnipFMC during the fourth quarter worth approximately $55,000. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Price Performance

Shares of FTI stock opened at $34.19 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.17. TechnipFMC has a twelve month low of $22.12 and a twelve month high of $35.86. The company has a market cap of $14.33 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.16 and a beta of 1.07. The business has a fifty day simple moving average of $32.84 and a 200 day simple moving average of $30.37.

TechnipFMC (NYSE:FTIGet Free Report) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The business had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the company earned $0.22 earnings per share. TechnipFMC’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, sell-side analysts forecast that TechnipFMC will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Tuesday, May 20th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.59%. TechnipFMC’s dividend payout ratio (DPR) is 10.53%.

TechnipFMC Company Profile

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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.

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Analyst Recommendations for TechnipFMC (NYSE:FTI)

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