TechnipFMC plc (NYSE:FTI) Receives $24.74 Average Price Target from Brokerages

Shares of TechnipFMC plc (NYSE:FTI) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.74.

FTI has been the topic of several recent analyst reports. ATB Capital set a $30.00 price target on TechnipFMC and gave the company an “outperform” rating in a research note on Friday, December 22nd. HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price target on the stock. in a research note on Friday, February 23rd. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. TD Cowen lifted their price objective on TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Finally, Susquehanna lifted their price objective on TechnipFMC from $25.00 to $27.00 and gave the company a “positive” rating in a research report on Friday, February 23rd.

TechnipFMC Stock Performance

FTI opened at $25.11 on Thursday. The firm has a market capitalization of $10.98 billion, a P/E ratio of 209.27 and a beta of 1.64. The stock’s 50 day moving average price is $21.58 and its two-hundred day moving average price is $20.76. 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 has a 12-month low of $12.64 and a 12-month high of $25.71.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping 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 last year, the firm earned ($0.05) EPS. TechnipFMC’s revenue for the quarter was up 22.6% compared to the same quarter last year. On average, equities analysts forecast that TechnipFMC will post 1.16 earnings per share for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Tuesday, March 19th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, March 18th. This represents a $0.20 annualized dividend and a yield of 0.80%. TechnipFMC’s payout ratio is presently 166.68%.

Insider Buying and Selling

In related 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 sale, the director now owns 103,982 shares in the company, valued at $2,204,418.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.06% of the stock is currently owned by corporate insiders.

Institutional Trading of TechnipFMC

Institutional investors and hedge funds have recently bought and sold shares of the business. Inceptionr LLC increased its stake in shares of TechnipFMC by 2.2% during the fourth quarter. Inceptionr LLC now owns 24,612 shares of the oil and gas company’s stock worth $496,000 after purchasing an additional 540 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of TechnipFMC by 0.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company’s stock worth $2,571,000 after purchasing an additional 660 shares during the period. Fulton Bank N.A. increased its stake in shares of TechnipFMC by 6.8% during the fourth quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 683 shares during the period. Janney Capital Management LLC increased its stake in shares of TechnipFMC by 2.8% during the third quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company’s stock worth $546,000 after purchasing an additional 722 shares during the period. Finally, Dfpg Investments LLC increased its stake in shares of TechnipFMC by 2.4% during the fourth quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company’s stock worth $623,000 after purchasing an additional 738 shares during the period. 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.