Weiss Ratings Reaffirms “Buy (B)” Rating for TechnipFMC (NYSE:FTI)

TechnipFMC (NYSE:FTI)‘s stock had its “buy (b)” rating reaffirmed by research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on the company. Barclays boosted their target price on TechnipFMC from $45.00 to $51.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. BTIG Research downgraded TechnipFMC from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. Wall Street Zen raised TechnipFMC from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Susquehanna increased their price target on TechnipFMC from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. increased their price target on TechnipFMC from $41.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.69.

TechnipFMC Trading Down 2.7%

FTI stock opened at $36.90 on Wednesday. The company has a market cap of $15.17 billion, a P/E ratio of 17.41, a PEG ratio of 1.21 and a beta of 1.04. TechnipFMC has a twelve month low of $22.11 and a twelve month high of $41.29. The company has a quick ratio of 0.86, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $37.59 and a 200-day moving average of $33.42.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.The firm’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that TechnipFMC will post 1.63 EPS for the current year.

Insiders Place Their Bets

In related news, insider Thierry Conti sold 50,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $38.64, for a total transaction of $1,932,000.00. Following the sale, the insider owned 56,352 shares of the company’s stock, valued at approximately $2,177,441.28. This trade represents a 47.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rousset Sophie Zurquiyah sold 9,381 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $37.12, for a total value of $348,222.72. Following the sale, the director directly owned 62,978 shares in the company, valued at $2,337,743.36. The trade was a 12.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 885,984 shares of company stock worth $34,180,811. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of TechnipFMC

Several hedge funds have recently added to or reduced their stakes in FTI. New York State Teachers Retirement System acquired a new stake in TechnipFMC during the 1st quarter worth $33,000. Geneos Wealth Management Inc. raised its stake in TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after buying an additional 340 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in TechnipFMC during the 2nd quarter worth $44,000. Financial Network Wealth Advisors LLC raised its stake in shares of TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 346 shares during the period. Finally, Ossiam raised its stake in shares of TechnipFMC by 52.0% in the 2nd quarter. Ossiam now owns 1,597 shares of the oil and gas company’s stock valued at $55,000 after purchasing an additional 546 shares during the period. Institutional investors and hedge funds own 96.58% of the company’s stock.

About TechnipFMC

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.