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

TechnipFMC (NYSE:FTI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Several other equities research analysts also recently weighed in on FTI. Susquehanna raised their price target on TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a report on Friday, July 26th. Bank of America boosted their target price on shares of TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. BMO Capital Markets raised their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the stock a “market perform” rating in a report on Thursday, October 10th. Finally, Citigroup boosted their price objective on shares of TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.74.

TechnipFMC Price Performance

Shares of FTI stock opened at $25.61 on Monday. The stock’s 50-day moving average is $26.20 and its 200 day moving average is $26.20. TechnipFMC has a 1-year low of $18.33 and a 1-year high of $29.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84. The company has a market cap of $11.04 billion, a P/E ratio of 54.48 and a beta of 1.50.

TechnipFMC (NYSE:FTI) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.23 billion. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. TechnipFMC’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. Research analysts predict that TechnipFMC will post 1.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TechnipFMC

Several institutional investors and hedge funds have recently modified their holdings of the stock. Whittier Trust Co. purchased a new position in TechnipFMC during the first quarter valued at approximately $29,000. Blue Trust Inc. increased its holdings in shares of TechnipFMC by 203.6% during the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 735 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of TechnipFMC by 73.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 492 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of TechnipFMC in the 3rd quarter valued at $30,000. Finally, ORG Partners LLC purchased a new stake in TechnipFMC during the second quarter worth $33,000. Institutional investors and hedge funds 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.