TechnipFMC (NYSE:FTI) Price Target Raised to $43.00 at Barclays

TechnipFMC (NYSE:FTI) had its price objective boosted by Barclays from $42.00 to $43.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the oil and gas company’s stock.

Several other equities analysts also recently commented on FTI. Jefferies Financial Group raised shares of TechnipFMC from a “hold” rating to a “buy” rating and upped their price objective for the company from $29.00 to $40.00 in a research note on Friday, December 6th. Evercore ISI upped their price objective on shares of TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. TD Cowen reissued a “buy” rating and issued a $37.00 price target on shares of TechnipFMC in a research note on Wednesday, November 27th. Citigroup increased their price target on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Piper Sandler increased their price target on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $36.31.

TechnipFMC Stock Performance

Shares of NYSE:FTI opened at $28.19 on Monday. The company has a market cap of $11.99 billion, a price-to-earnings ratio of 18.55 and a beta of 1.52. The company has a 50-day moving average price of $30.60 and a 200-day moving average price of $28.62. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC has a 12 month low of $21.36 and a 12 month high of $33.45.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 18th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, March 18th. TechnipFMC’s dividend payout ratio (DPR) is presently 10.42%.

Institutional Investors Weigh In On TechnipFMC

Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. grew its holdings in shares of TechnipFMC by 23.0% during the third quarter. Franklin Resources Inc. now owns 3,639,244 shares of the oil and gas company’s stock valued at $98,838,000 after buying an additional 679,748 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of TechnipFMC during the fourth quarter valued at approximately $519,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of TechnipFMC by 971.5% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 407,638 shares of the oil and gas company’s stock valued at $10,692,000 after buying an additional 369,594 shares during the last quarter. ING Groep NV grew its holdings in shares of TechnipFMC by 15.3% during the third quarter. ING Groep NV now owns 865,294 shares of the oil and gas company’s stock valued at $22,697,000 after buying an additional 114,600 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of TechnipFMC during the third quarter valued at approximately $49,273,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Company Profile

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.