TechnipFMC plc (NYSE:FTI) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of TechnipFMC plc (NYSE:FTI) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $69.7143.

FTI has been the topic of a number of research reports. UBS Group set a $80.00 price target on shares of TechnipFMC in a report on Wednesday. Zacks Research cut shares of TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Susquehanna lifted their price target on shares of TechnipFMC from $83.00 to $90.00 and gave the stock a “positive” rating in a report on Friday, May 1st. Weiss Ratings raised shares of TechnipFMC from a “buy (b)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. Finally, BMO Capital Markets lifted their price target on shares of TechnipFMC from $52.00 to $67.00 and gave the stock a “market perform” rating in a report on Monday, February 23rd.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, CAO David Light sold 6,622 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.43, for a total transaction of $413,411.46. Following the sale, the chief accounting officer owned 5,005 shares of the company’s stock, valued at $312,462.15. The trade was a 56.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonathan Landes sold 116,194 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.20, for a total transaction of $7,227,266.80. Following the sale, the insider directly owned 71,356 shares in the company, valued at $4,438,343.20. The trade was a 61.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,210,092 shares of company stock worth $75,347,124. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds and other institutional investors have recently bought and sold shares of FTI. V Square Quantitative Management LLC bought a new stake in TechnipFMC during the 1st quarter valued at $26,000. Harbor Investment Advisory LLC bought a new stake in TechnipFMC during the 4th quarter valued at $32,000. Newbridge Financial Services Group Inc. bought a new stake in TechnipFMC during the 3rd quarter valued at $32,000. Geneos Wealth Management Inc. raised its holdings in 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 acquiring an additional 340 shares during the period. Finally, Ascentis Independent Advisors bought a new stake in TechnipFMC during the 1st quarter valued at $37,000. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Trading Down 3.3%

NYSE:FTI opened at $66.76 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $26.62 billion, a PE ratio of 25.48, a price-to-earnings-growth ratio of 1.48 and a beta of 0.69. The firm’s 50 day moving average is $71.66 and its 200 day moving average is $60.24. TechnipFMC has a 12 month low of $31.88 and a 12 month high of $77.78.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.52 billion. TechnipFMC had a net margin of 10.62% and a return on equity of 34.06%. TechnipFMC’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 EPS. Sell-side analysts expect that TechnipFMC will post 2.98 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. TechnipFMC’s payout ratio is presently 7.63%.

TechnipFMC Company Profile

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.