TechnipFMC (NYSE:FTI) PT Raised to $34.00

TechnipFMC (NYSE:FTI) had its price objective lifted by Susquehanna from $27.00 to $34.00 in a research report report published on Friday morning, Benzinga reports. Susquehanna currently has a positive rating on the oil and gas company’s stock.

Several other brokerages have also commented on FTI. TD Cowen increased their price objective on TechnipFMC from $26.00 to $28.00 and gave the company an outperform rating in a report on Friday, February 23rd. HSBC downgraded TechnipFMC from a buy rating to a hold rating and set a $23.60 price target for the company. in a report on Friday, February 23rd. StockNews.com lowered shares of TechnipFMC from a buy rating to a hold rating in a research report on Saturday, April 20th. Barclays boosted their target price on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an overweight rating in a research report on Tuesday, February 27th. Finally, Bank of America upped their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a buy rating in a research note on Monday, April 15th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, TechnipFMC presently has an average rating of Moderate Buy and an average price target of $26.14.

TechnipFMC Trading Up 0.1 %

Shares of NYSE FTI opened at $26.61 on Friday. The business has a fifty day moving average price of $24.35 and a 200 day moving average price of $21.61. TechnipFMC has a 1-year low of $12.64 and a 1-year high of $27.26. 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 stock has a market capitalization of $11.63 billion, a P/E ratio of 56.62 and a beta of 1.65.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.60%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. Equities research analysts expect 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. Investors of record on Tuesday, May 21st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 annualized dividend and a dividend yield of 0.75%. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Insider Buying and Selling at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,204,418.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.93% of the stock is owned by corporate insiders.

Institutional Trading of TechnipFMC

A number of hedge funds have recently added to or reduced their stakes in FTI. Parkside Financial Bank & Trust acquired a new position in shares of TechnipFMC in the third quarter worth about $29,000. Johnson Financial Group Inc. purchased a new position in shares of TechnipFMC in the 4th quarter valued at about $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 purchasing an additional 768 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in TechnipFMC during the fourth quarter worth approximately $45,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in TechnipFMC by 367.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas company’s stock valued at $89,000 after purchasing an additional 2,790 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

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.