TechnipFMC plc Ordinary Share (NYSE:FTI) Director Richard A. Pattarozzi sold 18,500 shares of TechnipFMC plc Ordinary Share stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $30.83, for a total value of $570,355.00. Following the transaction, the director now owns 80,581 shares of the company’s stock, valued at approximately $2,484,312.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
TechnipFMC plc Ordinary Share (NYSE:FTI) traded up $0.32 during mid-day trading on Monday, reaching $31.10. The company had a trading volume of 2,788,194 shares, compared to its average volume of 3,636,483. The company has a current ratio of 1.31, a quick ratio of 1.21 and a debt-to-equity ratio of 0.28. TechnipFMC plc Ordinary Share has a 12 month low of $24.53 and a 12 month high of $35.00. The firm has a market cap of $14,360.00 and a PE ratio of -38.68.
TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.24). TechnipFMC plc Ordinary Share had a return on equity of 6.05% and a net margin of 2.14%. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.85 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was down 15.9% on a year-over-year basis. equities research analysts anticipate that TechnipFMC plc Ordinary Share will post 1.29 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of FTI. Great West Life Assurance Co. Can boosted its holdings in TechnipFMC plc Ordinary Share by 70.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock worth $121,000 after buying an additional 1,783 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in TechnipFMC plc Ordinary Share by 153.6% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,949 shares of the oil and gas company’s stock worth $123,000 after buying an additional 2,392 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in TechnipFMC plc Ordinary Share in the 3rd quarter worth about $190,000. Bank of Nova Scotia Trust Co. acquired a new stake in TechnipFMC plc Ordinary Share in the 3rd quarter worth about $192,000. Finally, Amalgamated Bank acquired a new stake in TechnipFMC plc Ordinary Share in the 4th quarter worth about $215,000. Institutional investors own 66.68% of the company’s stock.
A number of equities analysts have weighed in on FTI shares. Morgan Stanley reiterated a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research note on Wednesday, December 6th. Griffin Securities restated a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research report on Monday, December 4th. Scotiabank set a $33.00 target price on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research report on Wednesday, November 29th. Tudor Pickering upgraded TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating in a research report on Wednesday, November 29th. Finally, Societe Generale initiated coverage on TechnipFMC plc Ordinary Share in a research report on Thursday, November 16th. They set a “buy” rating and a $38.00 target price on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.64.
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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.
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