TechnipFMC (NYSE:FTI) Stock Rating Lowered by StockNews.com

TechnipFMC (NYSE:FTI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other analysts have also recently commented on FTI. Susquehanna reiterated a “positive” rating and set a $27.00 price target on shares of TechnipFMC in a research report on Monday, April 8th. HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price for the company. in a report on Friday, February 23rd. Benchmark reiterated a “buy” rating and set a $30.00 price target (up from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. TD Cowen increased their price target on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, ATB Capital set a $30.00 target price on TechnipFMC and gave the stock an “outperform” rating in a research note on Friday, December 22nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.11.

TechnipFMC Stock Down 1.9 %

Shares of FTI opened at $25.86 on Thursday. The company has a market cap of $11.30 billion, a PE ratio of 215.50 and a beta of 1.65. The business has a fifty day moving average of $22.92 and a 200 day moving average of $21.16. TechnipFMC has a 52-week low of $12.64 and a 52-week high of $27.26. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year. On average, sell-side analysts expect that TechnipFMC will post 1.16 EPS for the current year.

Insider Activity at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company’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 completion of the sale, the director now directly owns 103,982 shares in the company, valued at $2,204,418.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.06% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Wallace Advisory Group LLC boosted its stake in shares of TechnipFMC by 8.1% during the 1st quarter. Wallace Advisory Group LLC now owns 18,436 shares of the oil and gas company’s stock worth $463,000 after acquiring an additional 1,387 shares in the last quarter. Fulton Bank N.A. boosted its holdings in TechnipFMC by 47.4% during the first quarter. Fulton Bank N.A. now owns 15,847 shares of the oil and gas company’s stock valued at $398,000 after purchasing an additional 5,097 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of TechnipFMC by 165.2% in the 1st quarter. Los Angeles Capital Management LLC now owns 530,071 shares of the oil and gas company’s stock worth $13,310,000 after acquiring an additional 330,220 shares in the last quarter. PNC Financial Services Group Inc. raised its position in TechnipFMC by 1.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 254,474 shares of the oil and gas company’s stock worth $5,125,000 after purchasing an additional 4,554 shares during the last quarter. Finally, SCP Investment LP raised its position in shares of TechnipFMC by 166.7% during the 4th quarter. SCP Investment LP now owns 28,800 shares of the oil and gas company’s stock valued at $561,000 after acquiring an additional 18,000 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

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.