Weekly Research Analysts’ Ratings Changes for TechnipFMC (FTI)

TechnipFMC (NYSE: FTI) recently received a number of ratings updates from brokerages and research firms:

• 4/29/2024 – TechnipFMC had its price target raised by analysts at Barclays PLC from $33.00 to $34.00. They now have an “overweight” rating on the stock.
• 4/28/2024 – TechnipFMC was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/26/2024 – TechnipFMC had its price target raised by analysts at Susquehanna from $27.00 to $34.00. They now have a “positive” rating on the stock.
• 4/26/2024 – TechnipFMC had its price target raised by analysts at TD Cowen from $30.00 to $32.00. They now have a “buy” rating on the stock.
• 4/26/2024 – TechnipFMC had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $30.00 price target on the stock.
• 4/20/2024 – TechnipFMC was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/15/2024 – TechnipFMC had its price target raised by analysts at Bank of America Co. from $24.00 to $28.50. They now have a “buy” rating on the stock.
• 4/11/2024 – TechnipFMC was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 4/8/2024 – TechnipFMC had its “positive” rating reaffirmed by analysts at Susquehanna. They now have a $27.00 price target on the stock.
• 4/2/2024 – TechnipFMC was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 4/1/2024 – TechnipFMC had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $30.00 price target on the stock, up previously from $25.00.
• 3/25/2024 – TechnipFMC was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 3/13/2024 – TechnipFMC was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 3/5/2024 – TechnipFMC was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

TechnipFMC Stock Performance

NYSE:FTI opened at $25.35 on Thursday. The company has a fifty day moving average of $24.46 and a 200-day moving average of $21.65. The firm has a market capitalization of $10.93 billion, a P/E ratio of 53.94 and a beta of 1.65. The company has a quick ratio of 0.87, a current ratio of 1.16 and a debt-to-equity ratio of 0.31. TechnipFMC plc has a twelve month low of $12.64 and a twelve month high of $27.26.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.57%. The company’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that TechnipFMC plc will post 1.15 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.79%. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were 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 owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TechnipFMC

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of TechnipFMC by 320.3% during the third quarter. Vanguard Group Inc. now owns 39,788,733 shares of the oil and gas company’s stock valued at $809,303,000 after buying an additional 30,323,011 shares during the period. Invesco Ltd. increased its position in shares of TechnipFMC by 75.7% during the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock valued at $263,809,000 after buying an additional 5,587,050 shares during the period. American Century Companies Inc. increased its position in shares of TechnipFMC by 161.9% during the third quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock valued at $108,048,000 after buying an additional 3,283,972 shares during the period. Norges Bank bought a new stake in shares of TechnipFMC during the fourth quarter valued at about $61,570,000. Finally, Balyasny Asset Management L.P. increased its position in shares of TechnipFMC by 868.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock valued at $63,082,000 after buying an additional 2,808,618 shares during the period. 96.58% of the stock is owned by hedge funds and other institutional investors.

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.