TechnipFMC plc Ordinary Share (NYSE:FTI) was the recipient of some unusual options trading on Tuesday. Investors purchased 13,828 put options on the company. This is an increase of 6,955% compared to the average volume of 196 put options.
Shares of TechnipFMC plc Ordinary Share (NYSE FTI) opened at $30.34 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.21 and a current ratio of 1.31. The firm has a market cap of $14,511.01, a PE ratio of 17.77, a PEG ratio of 7.87 and a beta of 0.91. TechnipFMC plc Ordinary Share has a 1-year low of $24.53 and a 1-year high of $35.00.
TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its earnings results on Wednesday, February 21st. The oil and gas company reported $0.20 earnings per share for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $3.85 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. research analysts predict that TechnipFMC plc Ordinary Share will post 1.32 EPS for the current year.
FTI has been the topic of a number of recent research reports. Morgan Stanley reaffirmed a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research note on Wednesday, December 6th. Griffin Securities reaffirmed a “buy” rating on shares of TechnipFMC plc Ordinary Share in a research note on Monday, December 4th. Scotiabank set a $33.00 price objective on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research note on Wednesday, November 29th. Tudor Pickering raised TechnipFMC plc Ordinary Share from a “hold” rating to a “buy” rating in a research note on Wednesday, November 29th. Finally, Societe Generale assumed coverage on TechnipFMC plc Ordinary Share in a research note on Thursday, November 16th. They set a “buy” rating and a $38.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. TechnipFMC plc Ordinary Share presently has a consensus rating of “Hold” and a consensus price target of $32.64.
In other news, Director Richard A. Pattarozzi sold 18,500 shares of the firm’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $30.83, for a total transaction of $570,355.00. Following the transaction, the director now directly owns 80,581 shares of the company’s stock, valued at $2,484,312.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Richard G. Alabaster sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $30.01, for a total value of $360,120.00. Following the transaction, the insider now directly owns 54,028 shares in the company, valued at $1,621,380.28. The disclosure for this sale can be found here. Insiders have sold 47,150 shares of company stock worth $1,429,809 over the last ninety days. Insiders own 0.86% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of FTI. Great West Life Assurance Co. Can lifted its holdings in TechnipFMC plc Ordinary Share by 70.0% in the third 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 period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in TechnipFMC plc Ordinary Share by 153.6% in the fourth 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 period. Macquarie Group Ltd. purchased a new stake in TechnipFMC plc Ordinary Share in the third quarter worth about $190,000. Bank of Nova Scotia Trust Co. purchased a new stake in TechnipFMC plc Ordinary Share in the third quarter worth about $192,000. Finally, Amalgamated Bank purchased a new stake in TechnipFMC plc Ordinary Share in the fourth quarter worth about $215,000. Institutional investors and hedge funds own 66.68% of the company’s stock.
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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.
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