TechnipFMC plc (NYSE:FTI – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $36.46.
Several research firms have recently issued reports on FTI. Barclays boosted their price objective on shares of TechnipFMC from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. Susquehanna lowered their target price on shares of TechnipFMC from $41.00 to $35.00 and set a “positive” rating on the stock in a research note on Monday, April 14th. Piper Sandler upped their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. Royal Bank Of Canada reissued an “outperform” rating and issued a $37.00 target price on shares of TechnipFMC in a research note on Monday, April 28th. Finally, Sanford C. Bernstein cut shares of TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a research note on Thursday, May 22nd.
Read Our Latest Analysis on TechnipFMC
TechnipFMC Stock Performance
TechnipFMC (NYSE:FTI – Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts anticipate that TechnipFMC will post 1.63 earnings per share for the current year.
TechnipFMC Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.59%. TechnipFMC’s dividend payout ratio is 10.53%.
Hedge Funds Weigh In On TechnipFMC
Large investors have recently modified their holdings of the stock. New York State Teachers Retirement System acquired a new position in shares of TechnipFMC during the first quarter worth approximately $33,000. Geneos Wealth Management Inc. increased its position in shares of TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 340 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock worth $43,000 after acquiring an additional 525 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of TechnipFMC during the fourth quarter worth $46,000. Finally, Financial Network Wealth Advisors LLC increased its position in shares of TechnipFMC by 29.7% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock worth $48,000 after acquiring an additional 346 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.
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.
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