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

Shares of TechnipFMC plc (NYSE:FTI) have earned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $29.38.

FTI has been the topic of several recent analyst reports. StockNews.com downgraded TechnipFMC from a “buy” rating to a “hold” rating in a research note on Tuesday. Susquehanna boosted their price objective on TechnipFMC from $34.00 to $35.00 and gave the stock a “positive” rating in a research note on Friday, July 26th. Finally, Citigroup boosted their price objective on TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th.

Insider Transactions at TechnipFMC

In other news, CAO David Light sold 5,928 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $25.81, for a total transaction of $153,001.68. Following the sale, the chief accounting officer now directly owns 11,534 shares of the company’s stock, valued at $297,692.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Brown Advisory Inc. acquired a new position in TechnipFMC in the 4th quarter worth about $830,000. Norden Group LLC increased its position in TechnipFMC by 2,899.1% in the 1st quarter. Norden Group LLC now owns 378,900 shares of the oil and gas company’s stock worth $9,514,000 after purchasing an additional 366,266 shares during the last quarter. Vanguard Group Inc. increased its position in TechnipFMC by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company’s stock worth $803,888,000 after purchasing an additional 126,247 shares during the last quarter. Edgestream Partners L.P. acquired a new position in TechnipFMC in the 1st quarter worth about $965,000. Finally, Balyasny Asset Management L.P. increased its position in TechnipFMC by 868.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,132,166 shares of the oil and gas company’s stock worth $63,082,000 after purchasing an additional 2,808,618 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Trading Down 0.5 %

NYSE:FTI opened at $25.37 on Thursday. TechnipFMC has a 12-month low of $18.33 and a 12-month high of $29.85. The firm has a market capitalization of $10.93 billion, a P/E ratio of 53.98 and a beta of 1.50. 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 business has a 50 day simple moving average of $26.55 and a 200 day simple moving average of $25.78.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. The firm had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.23 billion. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.10 EPS. Equities research analysts predict that TechnipFMC will post 1.34 EPS for the current year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Tuesday, August 20th. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

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.