TechnipFMC (NYSE:FTI) Stock Rating Lowered by Wall Street Zen

Wall Street Zen cut shares of TechnipFMC (NYSE:FTI) from a buy rating to a hold rating in a report published on Friday.

A number of other brokerages also recently weighed in on FTI. Sanford C. Bernstein downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 target price on the stock. in a report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $37.00 target price on shares of TechnipFMC in a report on Monday, April 28th. Susquehanna reduced their target price on TechnipFMC from $41.00 to $35.00 and set a “positive” rating on the stock in a report on Monday, April 14th. Barclays raised their target price on TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Piper Sandler raised their target price on TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.46.

TechnipFMC Trading Down 1.1%

Shares of NYSE:FTI opened at $34.57 on Friday. The company has a market capitalization of $14.49 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.20 and a beta of 1.06. TechnipFMC has a 1 year low of $22.12 and a 1 year high of $35.71. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 0.84. The business’s 50 day simple moving average is $31.15 and its 200 day simple moving average is $29.94.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.26 billion. TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. On average, research analysts anticipate that TechnipFMC will post 1.63 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, May 20th. TechnipFMC’s dividend payout ratio is currently 10.53%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its stake 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 purchasing an additional 340 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its stake in TechnipFMC by 29.7% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after purchasing an additional 346 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in TechnipFMC by 5.1% during the 1st quarter. Diversify Advisory Services LLC now owns 7,506 shares of the oil and gas company’s stock valued at $238,000 after purchasing an additional 362 shares during the last quarter. Sigma Planning Corp boosted its stake in TechnipFMC by 3.3% during the 4th quarter. Sigma Planning Corp now owns 11,527 shares of the oil and gas company’s stock valued at $334,000 after purchasing an additional 363 shares during the last quarter. Finally, Acuitas Investments LLC boosted its stake in TechnipFMC by 13.4% during the 1st quarter. Acuitas Investments LLC now owns 3,394 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 400 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

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.