TechnipFMC (NYSE:FTI) Cut to Hold at StockNews.com

StockNews.com downgraded shares of TechnipFMC (NYSE:FTI) from a buy rating to a hold rating in a research report report published on Thursday morning.

Other equities analysts have also issued reports about the stock. Citigroup increased their price target on shares of TechnipFMC from $31.00 to $32.00 and gave the company a buy rating in a research note on Wednesday, July 10th. Susquehanna upped their price objective on TechnipFMC from $34.00 to $35.00 and gave the company a positive rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, TechnipFMC currently has an average rating of Moderate Buy and a consensus target price of $29.51.

TechnipFMC Stock Up 1.2 %

FTI stock opened at $25.56 on Thursday. TechnipFMC has a one year low of $18.33 and a one year high of $29.85. The firm has a market cap of $11.02 billion, a PE ratio of 54.38 and a beta of 1.50. The firm’s 50 day moving average price is $26.39 and its 200-day moving average price is $26.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.84 and a current ratio of 1.10.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.12. The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. On average, equities research analysts anticipate that TechnipFMC will post 1.34 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, August 20th were issued a dividend of $0.05 per share. 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 payout ratio is 42.55%.

Hedge Funds Weigh In On TechnipFMC

Institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of TechnipFMC by 8.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 40,594,774 shares of the oil and gas company’s stock worth $1,019,337,000 after purchasing an additional 3,259,348 shares during the last quarter. Balyasny Asset Management L.P. grew its position in shares of TechnipFMC by 868.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock valued at $63,082,000 after buying an additional 2,808,618 shares during the last quarter. Anomaly Capital Management LP grew its position in shares of TechnipFMC by 50.3% during the 2nd quarter. Anomaly Capital Management LP now owns 3,419,833 shares of the oil and gas company’s stock valued at $89,429,000 after buying an additional 1,144,087 shares during the last quarter. TD Asset Management Inc grew its position in shares of TechnipFMC by 182.8% during the 4th quarter. TD Asset Management Inc now owns 1,680,716 shares of the oil and gas company’s stock valued at $33,850,000 after buying an additional 1,086,400 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of TechnipFMC by 56.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,954,356 shares of the oil and gas company’s stock valued at $74,184,000 after buying an additional 1,068,788 shares during the last quarter. 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.