TechnipFMC plc (NYSE:FTI) Receives $30.51 Average PT from Brokerages

TechnipFMC plc (NYSE:FTI) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.74.

A number of research firms have recently weighed in on FTI. BMO Capital Markets increased their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a research note on Thursday, October 10th. Bank of America raised their price target on shares of TechnipFMC from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Susquehanna raised their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a research report on Friday, July 26th. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Finally, Citigroup raised their price target on shares of TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th.

TechnipFMC Stock Down 3.5 %

NYSE:FTI opened at $25.61 on Monday. The firm has a market capitalization of $11.04 billion, a P/E ratio of 54.49 and a beta of 1.50. TechnipFMC has a 1-year low of $18.33 and a 1-year high of $29.85. The company’s fifty day moving average price is $26.21 and its 200-day moving average price is $26.21. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.23 billion. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. As a group, equities research analysts anticipate that TechnipFMC will post 1.37 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. TechnipFMC’s dividend payout ratio (DPR) is 42.55%.

Hedge Funds Weigh In On TechnipFMC

Several hedge funds and other institutional investors have recently modified their holdings of FTI. Whittier Trust Co. purchased a new position in shares of TechnipFMC in the first quarter worth about $29,000. Blue Trust Inc. lifted its stake in shares of TechnipFMC by 203.6% in the third quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock worth $29,000 after buying an additional 735 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of TechnipFMC by 73.1% in the second quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock worth $30,000 after buying an additional 492 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of TechnipFMC in the third quarter worth about $30,000. Finally, ORG Partners LLC purchased a new position in shares of TechnipFMC in the second quarter worth about $33,000. 96.58% of the stock is 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.