FMC Technologies, Inc. (NYSE:FTI) has received an average rating of “Buy” from the twenty-one analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $35.09.

A number of research analysts have recently commented on FTI shares. Cowen and Company reissued a “buy” rating and set a $32.00 target price on shares of FMC Technologies in a research report on Tuesday, July 11th. ValuEngine raised shares of FMC Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. UBS AG reissued a “buy” rating and set a $36.00 target price (down from $40.00) on shares of FMC Technologies in a research report on Monday, July 31st. Scotiabank set a $36.00 target price on shares of FMC Technologies and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, Piper Jaffray Companies set a $32.00 target price on shares of FMC Technologies and gave the stock a “buy” rating in a research report on Wednesday, July 26th.

Hedge funds have recently added to or reduced their stakes in the business. Sentry Investment Management LLC increased its stake in FMC Technologies by 102.0% during the second 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. Zurich Insurance Group Ltd FI bought a new stake in FMC Technologies during the second quarter valued at $1,409,000. Advisors Asset Management Inc. increased its stake in FMC Technologies by 5.4% during the second quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock valued at $1,046,000 after purchasing an additional 1,982 shares during the last quarter. Sei Investments Co. increased its stake in FMC Technologies by 204.4% during the second quarter. Sei Investments Co. now owns 74,508 shares of the oil and gas company’s stock valued at $2,027,000 after purchasing an additional 50,033 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in FMC Technologies by 3.6% during the second quarter. Principal Financial Group Inc. now owns 687,658 shares of the oil and gas company’s stock valued at $18,704,000 after purchasing an additional 23,894 shares during the last quarter. Hedge funds and other institutional investors own 66.15% of the company’s stock.

FMC Technologies (NYSE FTI) traded up 2.01% during midday trading on Wednesday, reaching $27.94. 4,161,481 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $26.78 and its 200 day moving average is $28.02. The firm has a market capitalization of $13.05 billion, a P/E ratio of 33.78 and a beta of 0.95. FMC Technologies has a 52 week low of $24.53 and a 52 week high of $36.14.

FMC Technologies (NYSE:FTI) last posted its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). The firm had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 74.3% on a year-over-year basis. On average, analysts expect that FMC Technologies will post $1.06 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $0.52 annualized dividend and a yield of 1.90%.

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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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