Equities research analysts at Wolfe Research initiated coverage on shares of TechnipFMC plc Ordinary Share (NYSE:FTI) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set an “outperform” rating on the oil and gas company’s stock.
Several other analysts have also weighed in on FTI. Gabelli raised shares of TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, October 20th. Royal Bank of Canada set a $45.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a report on Saturday, October 7th. Cowen set a $32.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a report on Friday, October 6th. Citigroup raised shares of TechnipFMC plc Ordinary Share from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $30.00 in a report on Monday, October 2nd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $31.50 price objective on shares of TechnipFMC plc Ordinary Share in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $33.18.
TechnipFMC plc Ordinary Share (NYSE:FTI) traded up $0.18 during trading hours on Wednesday, reaching $28.77. 2,861,200 shares of the company traded hands, compared to its average volume of 4,077,067. TechnipFMC plc Ordinary Share has a 52-week low of $24.53 and a 52-week high of $37.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.14. The firm has a market capitalization of $13,339.87, a price-to-earnings ratio of 22.87, a PEG ratio of 0.93 and a beta of 0.90.
Several institutional investors and hedge funds have recently added to or reduced their stakes in FTI. Renaissance Technologies LLC bought a new stake in shares of TechnipFMC plc Ordinary Share during the first quarter valued at approximately $2,503,000. NGAM Advisors L.P. bought a new stake in shares of TechnipFMC plc Ordinary Share during the second quarter valued at approximately $925,000. Daiwa Securities Group Inc. grew its stake in shares of TechnipFMC plc Ordinary Share by 9.3% during the second quarter. Daiwa Securities Group Inc. now owns 12,900 shares of the oil and gas company’s stock valued at $351,000 after purchasing an additional 1,100 shares during the last quarter. Sei Investments Co. grew its stake in shares of TechnipFMC plc Ordinary Share 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, Korea Investment CORP grew its stake in shares of TechnipFMC plc Ordinary Share by 61.3% during the second quarter. Korea Investment CORP now owns 42,912 shares of the oil and gas company’s stock valued at $1,167,000 after purchasing an additional 16,314 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.
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TechnipFMC plc Ordinary Share 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.
