Analysts Set TechnipFMC plc (NYSE:FTI) Price Target at $25.34

Shares of TechnipFMC plc (NYSE:FTI) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $26.07.

Several equities analysts recently commented on FTI shares. Barclays boosted their target price on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. TD Cowen upped their price objective on shares of TechnipFMC from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Susquehanna increased their price target on shares of TechnipFMC from $27.00 to $34.00 and gave the stock a “positive” rating in a report on Friday. Finally, Benchmark reaffirmed a “buy” rating and set a $30.00 price objective on shares of TechnipFMC in a report on Friday.

TechnipFMC Stock Performance

NYSE FTI opened at $26.59 on Monday. The firm has a market cap of $11.62 billion, a P/E ratio of 221.58 and a beta of 1.65. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $24.21 and its 200-day moving average is $21.54. TechnipFMC has a 12-month low of $12.64 and a 12-month high of $27.26.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC’s revenue for the quarter was up 18.9% on a year-over-year basis. Sell-side analysts predict that TechnipFMC will post 1.15 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Monday, May 20th. TechnipFMC’s payout ratio is 166.67%.

Insiders Place Their Bets

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of TechnipFMC stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the sale, the director now directly owns 103,982 shares in the company, valued at $2,204,418.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.06% of the stock is currently owned by company insiders.

Institutional Trading of TechnipFMC

Hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust bought a new stake in TechnipFMC during the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. bought a new stake in shares of TechnipFMC during the fourth quarter valued at approximately $33,000. Quarry LP raised its holdings in TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock worth $36,000 after acquiring an additional 768 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in TechnipFMC in the 4th quarter valued at approximately $45,000. Finally, Systematic Alpha Investments LLC purchased a new stake in TechnipFMC during the 3rd quarter valued at $146,000. 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.