TechnipFMC (NYSE:FTI) Price Target Raised to $71.00

TechnipFMC (NYSE:FTIFree Report) had its price objective upped by Susquehanna from $56.00 to $71.00 in a research note released on Friday, Marketbeat Ratings reports. The brokerage currently has a positive rating on the oil and gas company’s stock.

Other analysts have also recently issued reports about the company. Weiss Ratings reissued a “buy (b)” rating on shares of TechnipFMC in a report on Thursday, January 22nd. Citigroup lifted their price target on shares of TechnipFMC from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada boosted their price target on shares of TechnipFMC from $40.00 to $47.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. UBS Group restated an “outperform” rating on shares of TechnipFMC in a report on Tuesday, October 28th. Finally, Barclays reaffirmed an “overweight” rating and set a $69.00 target price on shares of TechnipFMC in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $55.08.

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TechnipFMC Stock Performance

FTI stock opened at $63.39 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.89. The company has a 50 day moving average price of $52.38 and a 200 day moving average price of $44.37. TechnipFMC has a fifty-two week low of $22.11 and a fifty-two week high of $63.51. The stock has a market capitalization of $25.36 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.23 and a beta of 0.69.

TechnipFMC (NYSE:FTIGet Free Report) last announced its quarterly earnings data on Thursday, February 19th. The oil and gas company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.19. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.54 billion. TechnipFMC had a return on equity of 31.14% and a net margin of 9.70%.The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.54 EPS. Analysts forecast that TechnipFMC will post 1.63 EPS for the current year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Tuesday, March 17th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is 8.66%.

Institutional Trading of TechnipFMC

A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in TechnipFMC by 5,475.0% during the third quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 657 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of TechnipFMC during the fourth quarter worth about $32,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of TechnipFMC during the third quarter worth about $32,000. Geneos Wealth Management Inc. lifted its holdings in shares of TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 340 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of TechnipFMC in the 4th quarter valued at approximately $41,000. Institutional investors own 96.58% of the company’s stock.

More TechnipFMC News

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TechnipFMC Company Profile

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TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.

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Analyst Recommendations for TechnipFMC (NYSE:FTI)

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