TechnipFMC plc (NYSE:FTI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TechnipFMC plc (NYSE:FTI) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $30.51.

FTI has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the company a “market perform” rating in a research report on Thursday. StockNews.com cut shares of TechnipFMC from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Susquehanna upped their target price on TechnipFMC from $34.00 to $35.00 and gave the company a “positive” rating in a report on Friday, July 26th. Finally, Citigroup lifted their price target on TechnipFMC from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th.

TechnipFMC Trading Up 0.6 %

FTI opened at $27.65 on Monday. The firm has a market capitalization of $11.92 billion, a PE ratio of 58.83 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. TechnipFMC has a fifty-two week low of $18.33 and a fifty-two week high of $29.85. The company’s 50-day moving average is $26.14 and its 200 day moving average is $26.19.

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

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.72%. The ex-dividend date was Tuesday, August 20th. TechnipFMC’s dividend payout ratio (DPR) is presently 42.55%.

Hedge Funds Weigh In On TechnipFMC

Large investors have recently modified their holdings of the business. Norden Group LLC boosted its holdings 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 buying an additional 366,266 shares during the period. Vanguard Group Inc. grew its position in shares of TechnipFMC by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company’s stock valued at $803,888,000 after purchasing an additional 126,247 shares in the last quarter. Edgestream Partners L.P. bought a new stake in shares of TechnipFMC during the 1st quarter valued at $965,000. Atria Investments Inc purchased a new stake in TechnipFMC during the 1st quarter worth about $1,684,000. Finally, Raymond James & Associates boosted its stake in TechnipFMC by 12.0% in the 2nd quarter. Raymond James & Associates now owns 339,386 shares of the oil and gas company’s stock worth $8,875,000 after purchasing an additional 36,326 shares during the period. 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.