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

Shares of TechnipFMC plc (NYSE:FTI) have received an average recommendation of “Buy” from the fourteen analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.31.

A number of brokerages recently weighed in on FTI. Jefferies Financial Group upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and increased their price objective for the company from $29.00 to $40.00 in a research report on Friday, December 6th. Royal Bank of Canada initiated coverage on shares of TechnipFMC in a research report on Monday, November 18th. They issued an “outperform” rating and a $37.00 price target on the stock. Piper Sandler increased their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 28th. TD Cowen reiterated a “buy” rating and issued a $37.00 price target on shares of TechnipFMC in a research report on Wednesday, November 27th. Finally, Barclays increased their price target on shares of TechnipFMC from $42.00 to $43.00 and gave the stock an “overweight” rating in a research report on Monday, March 3rd.

Insider Activity at TechnipFMC

In other TechnipFMC news, EVP Justin Rounce sold 42,178 shares of the stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $26.55, for a total transaction of $1,119,825.90. Following the completion of the transaction, the executive vice president now owns 140,207 shares in the company, valued at $3,722,495.85. This trade represents a 23.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO David Light sold 10,147 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $24.90, for a total transaction of $252,660.30. Following the transaction, the chief accounting officer now owns 7,529 shares of the company’s stock, valued at $187,472.10. This trade represents a 57.41 % decrease in their position. The disclosure for this sale can be found here. 1.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TechnipFMC

Several institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. bought a new stake in shares of TechnipFMC in the 3rd quarter worth about $185,643,000. Ameriprise Financial Inc. lifted its holdings in shares of TechnipFMC by 31.5% in the 4th quarter. Ameriprise Financial Inc. now owns 16,538,230 shares of the oil and gas company’s stock worth $478,620,000 after acquiring an additional 3,962,315 shares during the last quarter. Norges Bank bought a new stake in shares of TechnipFMC in the 4th quarter worth about $96,808,000. Anomaly Capital Management LP lifted its holdings in TechnipFMC by 46.5% during the 4th quarter. Anomaly Capital Management LP now owns 7,266,580 shares of the oil and gas company’s stock valued at $210,295,000 after buying an additional 2,306,342 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in TechnipFMC during the 3rd quarter valued at about $49,273,000. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Up 3.8 %

Shares of TechnipFMC stock opened at $28.27 on Thursday. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 18.60 and a beta of 1.54. The company’s 50 day moving average is $30.00 and its 200 day moving average is $28.62. TechnipFMC has a twelve month low of $22.99 and a twelve month high of $33.45. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.71%. TechnipFMC’s payout ratio is 10.42%.

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.