Investment analysts at Deutsche Bank initiated coverage on shares of TechnipFMC (NYSE:FTI) in a report issued on Tuesday, The Fly reports. The firm set a “buy” rating on the oil and gas company’s stock.
Other equities research analysts have also recently issued research reports about the company. Barclays restated a “hold” rating on shares of TechnipFMC in a research note on Wednesday, November 6th. BMO Capital Markets set a $32.00 price objective on TechnipFMC and gave the company a “buy” rating in a report on Friday, July 26th. Morgan Stanley decreased their price objective on TechnipFMC from $34.00 to $33.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. JPMorgan Chase & Co. upped their price objective on TechnipFMC from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada set a $30.00 price objective on TechnipFMC and gave the company a “buy” rating in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $29.25.
FTI traded down $0.24 during trading hours on Tuesday, reaching $19.28. The company’s stock had a trading volume of 2,621,937 shares, compared to its average volume of 3,899,702. TechnipFMC has a 52 week low of $18.20 and a 52 week high of $28.57. The company’s 50-day moving average is $21.84 and its 200-day moving average is $23.63. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.17. The firm has a market cap of $9.09 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 0.65 and a beta of 1.43.
TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.38). TechnipFMC had a negative net margin of 16.30% and a positive return on equity of 2.11%. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter last year, the company posted $1.09 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. Equities analysts anticipate that TechnipFMC will post 1.31 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Capital Group LLC grew its holdings in shares of TechnipFMC by 375.0% during the 2nd quarter. Private Capital Group LLC now owns 1,121 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 885 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in shares of TechnipFMC by 217.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 1,344 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 921 shares in the last quarter. Mizuho Securities Co. Ltd. acquired a new stake in shares of TechnipFMC during the 2nd quarter worth $39,000. Liberty Wealth Management LLC acquired a new stake in shares of TechnipFMC during the 3rd quarter worth $37,000. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of TechnipFMC by 116.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,728 shares of the oil and gas company’s stock worth $45,000 after purchasing an additional 929 shares in the last quarter. 75.34% of the stock is currently owned by institutional investors.
TechnipFMC Company Profile
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.
Further Reading: What causes a stock to be most active?
Receive News & Ratings for TechnipFMC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC and related companies with MarketBeat.com's FREE daily email newsletter.