TechnipFMC plc (NYSE:FTI) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of TechnipFMC plc (NYSE:FTI) have earned a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $70.00.

FTI has been the subject of several recent research reports. Zacks Research lowered TechnipFMC from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating on shares of TechnipFMC in a research note on Sunday, May 31st. Wall Street Zen upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Barclays raised their price target on shares of TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Evercore reaffirmed an “outperform” rating and issued a $83.00 price objective on shares of TechnipFMC in a research report on Friday, May 1st.

Institutional Trading of TechnipFMC

Institutional investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. purchased a new stake in shares of TechnipFMC during the 4th quarter worth about $833,000. Archford Capital Strategies LLC acquired a new position in TechnipFMC during the fourth quarter worth $1,691,000. Harbor Capital Advisors Inc. purchased a new stake in shares of TechnipFMC during the fourth quarter worth about $641,000. Danske Bank A S purchased a new stake in shares of TechnipFMC during the third quarter worth about $52,848,000. Finally, Farther Finance Advisors LLC raised its position in shares of TechnipFMC by 394.3% during the 4th quarter. Farther Finance Advisors LLC now owns 11,848 shares of the oil and gas company’s stock worth $528,000 after purchasing an additional 9,451 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Stock Performance

Shares of FTI stock opened at $66.29 on Wednesday. The firm has a market cap of $26.43 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.40 and a beta of 0.69. The company’s 50 day moving average is $70.16 and its 200 day moving average is $62.99. The company has a quick ratio of 0.88, a current ratio of 1.13 and a debt-to-equity ratio of 0.13. TechnipFMC has a 52-week low of $31.88 and a 52-week high of $77.78.

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

TechnipFMC Dividend Announcement

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

About TechnipFMC

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.