TechnipFMC plc Ordinary Share (NYSE:FTI) – Jefferies Group boosted their Q1 2017 EPS estimates for shares of TechnipFMC plc Ordinary Share in a note issued to investors on Tuesday. Jefferies Group analyst M. Wilson now expects that the oil and gas company will post earnings of $0.32 per share for the quarter, up from their prior forecast of $0.27. Jefferies Group has a “Hold” rating and a $34.00 price target on the stock. Jefferies Group also issued estimates for TechnipFMC plc Ordinary Share’s Q2 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.28 EPS, FY2017 earnings at $1.30 EPS, FY2018 earnings at $1.53 EPS and FY2020 earnings at $2.26 EPS.

Other equities research analysts have also recently issued reports about the stock. Scotiabank set a $40.00 price target on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a report on Saturday, April 1st. Goldman Sachs Group Inc started coverage on shares of TechnipFMC plc Ordinary Share in a report on Tuesday, January 24th. They set a “buy” rating and a $40.00 price target for the company. Barclays PLC started coverage on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, February 1st. They set an “equal weight” rating and a $38.00 price target for the company. BMO Capital Markets set a $37.00 price target on shares of TechnipFMC plc Ordinary Share and gave the company a “hold” rating in a report on Wednesday, April 12th. Finally, Royal Bank of Canada restated a “hold” rating and set a $41.00 price target on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, March 22nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $35.06.

Earnings History and Estimates for TechnipFMC plc Ordinary Share (NYSE:FTI)

COPYRIGHT VIOLATION NOTICE: This report was first reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was illegally stolen and republished in violation of US & international copyright and trademark legislation. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/04/20/technipfmc-plc-ordinary-share-fti-expected-to-post-q1-2017-earnings-of-0-32-per-share.html.

TechnipFMC plc Ordinary Share (NYSE:FTI) opened at 32.04 on Thursday. The company has a 50-day moving average price of $32.31 and a 200-day moving average price of $33.36. TechnipFMC plc Ordinary Share has a one year low of $30.61 and a one year high of $36.14. The firm has a market cap of $3.81 billion, a PE ratio of 12.85 and a beta of 1.01.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/20/technipfmc-plc-ordinary-share-fti-expected-to-post-q1-2017-earnings-of-0-32-per-share.html

A number of hedge funds and other institutional investors have recently bought and sold shares of FTI. State Street Corp raised its position in TechnipFMC plc Ordinary Share by 5.9% in the fourth quarter. State Street Corp now owns 13,823,443 shares of the oil and gas company’s stock valued at $491,151,000 after buying an additional 772,033 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in TechnipFMC plc Ordinary Share by 1.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,290,308 shares of the oil and gas company’s stock valued at $186,633,000 after buying an additional 83,577 shares during the period. D. E. Shaw & Co. Inc. raised its position in TechnipFMC plc Ordinary Share by 13.0% in the third quarter. D. E. Shaw & Co. Inc. now owns 5,886,967 shares of the oil and gas company’s stock valued at $174,667,000 after buying an additional 677,528 shares during the period. BlackRock Fund Advisors raised its position in TechnipFMC plc Ordinary Share by 2.8% in the third quarter. BlackRock Fund Advisors now owns 4,413,965 shares of the oil and gas company’s stock valued at $130,962,000 after buying an additional 119,127 shares during the period. Finally, UBS Group AG raised its position in TechnipFMC plc Ordinary Share by 4,328.9% in the third quarter. UBS Group AG now owns 4,250,357 shares of the oil and gas company’s stock valued at $126,108,000 after buying an additional 4,154,389 shares during the period. 91.01% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Richard G. Alabaster sold 8,000 shares of the stock in a transaction dated Monday, March 27th. The shares were sold at an average price of $31.29, for a total value of $250,320.00. Following the completion of the transaction, the insider now owns 60,418 shares of the company’s stock, valued at $1,890,479.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Mellbye sold 10,140 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $33.02, for a total transaction of $334,822.80. Following the completion of the transaction, the director now directly owns 26,547 shares of the company’s stock, valued at approximately $876,581.94. The disclosure for this sale can be found here. Insiders sold 50,140 shares of company stock valued at $1,604,983 in the last three months. Company insiders own 0.86% of the company’s stock.

About TechnipFMC plc Ordinary Share

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

5 Day Chart for NYSE:FTI

Receive News & Ratings for TechnipFMC plc Ordinary Share Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TechnipFMC plc Ordinary Share and related companies with MarketBeat.com's FREE daily email newsletter.