TechnipFMC (NYSE:FTI) Rating Increased to Buy at StockNews.com

TechnipFMC (NYSE:FTI) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

FTI has been the subject of a number of other research reports. TD Cowen boosted their price objective on TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a report on Friday. Benchmark restated a “buy” rating and set a $30.00 price objective on shares of TechnipFMC in a report on Friday. HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective for the company. in a report on Friday, February 23rd. Bank of America boosted their price objective on TechnipFMC from $24.00 to $28.50 and gave the company a “buy” rating in a report on Monday, April 15th. Finally, Barclays upped their target price on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.07.

TechnipFMC Stock Performance

NYSE FTI opened at $26.59 on Friday. The company has a market cap of $11.62 billion, a P/E ratio of 56.57 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.16. The business’s 50 day moving average price is $24.21 and its 200-day moving average price is $21.56. TechnipFMC has a fifty-two week low of $12.64 and a fifty-two week high of $27.26.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. TechnipFMC had a return on equity of 9.60% and a net margin of 2.61%. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $1.96 billion. The business’s quarterly revenue was up 18.9% on a year-over-year basis. Sell-side analysts predict that TechnipFMC will post 1.15 earnings per share for the current year.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $264,809.20. Following the transaction, the director now directly owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.06% of the company’s stock.

Institutional Trading of TechnipFMC

Hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust purchased a new position in TechnipFMC during the third quarter worth approximately $29,000. Johnson Financial Group Inc. purchased a new position in TechnipFMC during the fourth quarter worth approximately $33,000. Quarry LP boosted its position in TechnipFMC by 76.6% during the fourth quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 768 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in TechnipFMC during the fourth quarter worth approximately $45,000. Finally, Systematic Alpha Investments LLC purchased a new position in TechnipFMC during the third quarter worth approximately $146,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.