TheStreet cut shares of TechnipFMC (NYSE:FTI) from a b- rating to a c rating in a research report released on Monday, TheStreetRatingsTable reports.
Several other equities analysts have also commented on the stock. AltaCorp Capital reiterated an outperform rating on shares of TechnipFMC in a research report on Thursday, June 20th. Piper Jaffray Companies reiterated a buy rating and set a $29.00 price objective on shares of TechnipFMC in a research report on Monday, April 29th. BMO Capital Markets set a $32.00 price objective on shares of TechnipFMC and gave the company a buy rating in a research report on Friday, July 26th. Citigroup increased their price objective on shares of TechnipFMC from $27.40 to $29.50 and gave the company a neutral rating in a research report on Tuesday, July 30th. Finally, Barclays lowered their price objective on shares of TechnipFMC from $29.00 to $27.00 and set an equal weight rating for the company in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $30.84.
FTI stock opened at $23.99 on Monday. TechnipFMC has a 52 week low of $18.20 and a 52 week high of $32.91. The company has a quick ratio of 1.04, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The company has a fifty day simple moving average of $25.34 and a two-hundred day simple moving average of $23.81. The firm has a market capitalization of $10.89 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 3.08 and a beta of 1.47.
TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Wednesday, July 24th. The oil and gas company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. TechnipFMC had a negative net margin of 15.64% and a positive return on equity of 2.76%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter last year, the business earned $0.28 earnings per share. TechnipFMC’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, analysts anticipate that TechnipFMC will post 1.29 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th will be issued a $0.13 dividend. The ex-dividend date is Monday, August 19th. This represents a $0.52 annualized dividend and a dividend yield of 2.17%.
Several institutional investors have recently added to or reduced their stakes in the company. NEXT Financial Group Inc lifted its holdings in shares of TechnipFMC by 13.0% in the 2nd quarter. NEXT Financial Group Inc now owns 3,624 shares of the oil and gas company’s stock worth $94,000 after acquiring an additional 416 shares during the last quarter. World Asset Management Inc lifted its holdings in TechnipFMC by 1.9% during the 2nd quarter. World Asset Management Inc now owns 23,149 shares of the oil and gas company’s stock valued at $600,000 after buying an additional 426 shares in the last quarter. LS Investment Advisors LLC lifted its holdings in TechnipFMC by 1.4% during the 2nd quarter. LS Investment Advisors LLC now owns 30,264 shares of the oil and gas company’s stock valued at $785,000 after buying an additional 430 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in TechnipFMC by 6.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 8,400 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 514 shares in the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in TechnipFMC by 1.2% during the 1st quarter. Mason Street Advisors LLC now owns 60,700 shares of the oil and gas company’s stock valued at $1,428,000 after buying an additional 715 shares in the last quarter. Hedge funds and other institutional investors own 73.75% of the company’s stock.
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.
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