FMC Technologies, Inc. (NYSE:FTI) received a $32.00 price objective from equities researchers at Cowen and Company in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the oil and gas company’s stock. Cowen and Company’s price target indicates a potential upside of 16.70% from the stock’s current price.

Several other brokerages also recently commented on FTI. Seaport Global Securities reaffirmed a “neutral” rating on shares of FMC Technologies in a report on Thursday, July 27th. Scotiabank set a $36.00 price objective on shares of FMC Technologies and gave the company a “buy” rating in a report on Thursday, July 27th. BidaskClub raised shares of FMC Technologies from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 1st. UBS AG reissued a “buy” rating and issued a $36.00 price objective (down previously from $40.00) on shares of FMC Technologies in a report on Monday, July 31st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $31.00 price objective on shares of FMC Technologies in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $34.62.

FMC Technologies (FTI) traded down 0.18% during midday trading on Friday, reaching $27.42. 2,016,326 shares of the company’s stock were exchanged. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 33.16 and a beta of 0.95. The firm has a 50-day moving average price of $26.51 and a 200 day moving average price of $28.84. FMC Technologies has a 52 week low of $25.17 and a 52 week high of $37.09.

FMC Technologies (NYSE:FTI) last announced its earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.37 by $0.08. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.80 billion. Analysts anticipate that FMC Technologies will post $1.06 EPS for the current year.

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Several large investors have recently bought and sold shares of the company. Achmea Investment Management B.V. bought a new stake in shares of FMC Technologies in the 2nd quarter valued at $1,227,000. Kimelman & Baird LLC bought a new stake in shares of FMC Technologies in the 2nd quarter valued at $408,000. Sentry Investment Management LLC boosted its stake in shares of FMC Technologies by 102.0% in the 2nd quarter. Sentry Investment Management LLC now owns 19,163 shares of the oil and gas company’s stock valued at $521,000 after purchasing an additional 9,677 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of FMC Technologies by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 157,776 shares of the oil and gas company’s stock valued at $4,291,000 after purchasing an additional 32,120 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of FMC Technologies in the 2nd quarter valued at $313,000. 65.35% of the stock is currently owned by institutional investors.

FMC Technologies Company Profile

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.

Analyst Recommendations for FMC Technologies (NYSE:FTI)

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