TechnipFMC (NYSE:FTI) Sets New 12-Month High – Here’s Why

Shares of TechnipFMC plc (NYSE:FTI) reached a new 52-week high on Tuesday . The stock traded as high as $39.97 and last traded at $39.67, with a volume of 124236 shares traded. The stock had previously closed at $39.28.

Analysts Set New Price Targets

Several research firms recently weighed in on FTI. Evercore ISI boosted their price objective on shares of TechnipFMC from $42.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Susquehanna lifted their target price on shares of TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a report on Friday, July 25th. BTIG Research lowered shares of TechnipFMC from a “buy” rating to a “neutral” rating in a report on Monday, July 14th. Wall Street Zen raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Finally, Barclays lifted their target price on shares of TechnipFMC from $45.00 to $51.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.92.

TechnipFMC Stock Up 1.2%

The company has a market cap of $16.34 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 1.24 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The firm’s fifty day moving average price is $35.59 and its 200-day moving average price is $31.65.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. TechnipFMC had a net margin of 9.60% and a return on equity of 29.42%. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same quarter in the previous year, the business earned $0.43 EPS. The firm’s revenue was up 9.0% on a year-over-year basis. TechnipFMC has set its FY 2025 guidance at EPS. Sell-side analysts predict that TechnipFMC plc will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, August 19th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, August 19th. TechnipFMC’s payout ratio is currently 9.43%.

Insider Buying and Selling

In related news, Director Rousset Sophie Zurquiyah sold 9,381 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director directly owned 62,978 shares of the company’s stock, valued at approximately $2,337,743.36. The trade was a 12.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTI. New York State Teachers Retirement System bought a new stake in TechnipFMC during the 1st quarter worth about $33,000. Geneos Wealth Management Inc. lifted its position in TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after buying an additional 340 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in TechnipFMC during the 2nd quarter worth about $44,000. Financial Network Wealth Advisors LLC lifted its position in TechnipFMC by 29.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock worth $48,000 after buying an additional 346 shares in the last quarter. Finally, Ossiam lifted its position in TechnipFMC by 52.0% during the 2nd quarter. Ossiam now owns 1,597 shares of the oil and gas company’s stock worth $55,000 after buying an additional 546 shares in the last quarter. 96.58% of the stock is owned by institutional investors.

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.