TechnipFMC plc Ordinary Share (NYSE:FTI)‘s stock had its “buy” rating reissued by investment analysts at Griffin Securities in a research report issued to clients and investors on Monday. Griffin Securities also issued estimates for TechnipFMC plc Ordinary Share’s Q4 2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $1.25 EPS and FY2019 earnings at $1.70 EPS.

FTI has been the subject of a number of other research reports. BidaskClub lowered shares of TechnipFMC plc Ordinary Share from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada raised shares of TechnipFMC plc Ordinary Share from a “sector perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Friday, August 25th. ValuEngine lowered shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. began coverage on shares of TechnipFMC plc Ordinary Share in a research report on Monday, September 11th. They issued a “hold” rating and a $26.00 target price for the company. Finally, Citigroup cut their target price on shares of TechnipFMC plc Ordinary Share from $34.60 to $29.40 and set a “neutral” rating for the company in a research report on Monday, September 18th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. TechnipFMC plc Ordinary Share has a consensus rating of “Hold” and an average target price of $33.03.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) traded down $0.67 during trading hours on Monday, reaching $28.24. 3,158,526 shares of the company were exchanged, compared to its average volume of 4,096,157. TechnipFMC plc Ordinary Share has a 1 year low of $24.53 and a 1 year high of $37.09. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23.

TechnipFMC plc Ordinary Share (NYSE:FTI) last issued its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.87 billion. The business’s quarterly revenue was up 74.3% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. sell-side analysts anticipate that TechnipFMC plc Ordinary Share will post 1.62 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of FTI. Renaissance Technologies LLC acquired a new stake in TechnipFMC plc Ordinary Share in the 1st quarter worth $2,503,000. Public Employees Retirement Association of Colorado boosted its position in shares of TechnipFMC plc Ordinary Share by 39.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 53,238 shares of the oil and gas company’s stock valued at $1,448,000 after acquiring an additional 15,074 shares in the last quarter. NGAM Advisors L.P. acquired a new stake in shares of TechnipFMC plc Ordinary Share during the 2nd quarter valued at about $925,000. Bbva Compass Bancshares Inc. boosted its position in shares of TechnipFMC plc Ordinary Share by 4.8% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock valued at $224,000 after acquiring an additional 379 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of TechnipFMC plc Ordinary Share by 5.8% during the 2nd quarter. Bessemer Group Inc. now owns 84,788 shares of the oil and gas company’s stock valued at $2,306,000 after acquiring an additional 4,635 shares in the last quarter. Institutional investors own 65.57% of the company’s stock.

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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.

Analyst Recommendations for TechnipFMC plc Ordinary Share (NYSE:FTI)

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