TechnipFMC (NYSE:FTI) PT Raised to $34.00 at Barclays

TechnipFMC (NYSE:FTI) had its price target hoisted by Barclays from $33.00 to $34.00 in a research report released on Monday morning, Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

A number of other equities analysts have also commented on the stock. Bank of America boosted their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a buy rating in a research report on Monday, April 15th. TD Cowen boosted their target price on TechnipFMC from $30.00 to $32.00 and gave the stock a buy rating in a report on Friday. StockNews.com raised TechnipFMC from a hold rating to a buy rating in a report on Sunday. Benchmark reissued a buy rating and issued a $30.00 price objective on shares of TechnipFMC in a research note on Friday. Finally, Susquehanna increased their target price on TechnipFMC from $27.00 to $34.00 and gave the stock a positive rating in a report on Friday. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $26.14.

TechnipFMC Price Performance

TechnipFMC stock opened at $26.61 on Monday. The business has a 50 day simple moving average of $24.35 and a 200 day simple moving average of $21.61. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 0.87. The company has a market capitalization of $11.63 billion, a PE ratio of 56.62 and a beta of 1.65. TechnipFMC has a one year low of $12.64 and a one year high of $27.26.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. TechnipFMC had a return on equity of 9.60% and a net margin of 2.61%. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC’s revenue was up 18.9% on a year-over-year basis. On average, sell-side analysts forecast that TechnipFMC will post 1.15 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm 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 $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Monday, May 20th. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Insider Buying and Selling

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the transaction, the director now directly owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TechnipFMC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTI. Vanguard Group Inc. boosted its stake in TechnipFMC by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company’s stock worth $803,888,000 after acquiring an additional 126,247 shares during the last quarter. Invesco Ltd. lifted its position in TechnipFMC by 75.7% in the 3rd quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock valued at $263,809,000 after acquiring an additional 5,587,050 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in TechnipFMC by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,214,539 shares of the oil and gas company’s stock worth $207,764,000 after purchasing an additional 593,828 shares in the last quarter. American Century Companies Inc. boosted its position in shares of TechnipFMC by 161.9% during the third quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock worth $108,048,000 after buying an additional 3,283,972 shares during the period. Finally, Lord Abbett & CO. LLC grew its stake in shares of TechnipFMC by 68.7% during the 3rd quarter. Lord Abbett & CO. LLC now owns 4,000,978 shares of the oil and gas company’s stock worth $81,380,000 after acquiring an additional 1,629,170 shares in the last quarter. Institutional investors 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.