TechnipFMC (NYSE:FTI) Price Target Raised to $80.00

TechnipFMC (NYSE:FTI) had its price target increased by Royal Bank Of Canada from $78.00 to $80.00 in a report released on Friday,Benzinga reports. They currently have an outperform rating on the oil and gas company’s stock.

FTI has been the topic of several other research reports. Zacks Research upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 23rd. HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and boosted their price target for the stock from $49.00 to $62.00 in a research note on Friday, February 20th. Evercore reiterated an “outperform” rating and issued a $83.00 price target on shares of TechnipFMC in a research note on Friday. Citigroup boosted their price target on TechnipFMC from $48.00 to $76.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Susquehanna boosted their price target on TechnipFMC from $83.00 to $90.00 and gave the stock a “positive” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.40.

TechnipFMC Trading Down 0.0%

Shares of FTI opened at $75.77 on Friday. The stock’s 50-day moving average is $69.08 and its two-hundred day moving average is $55.25. The stock has a market cap of $30.43 billion, a PE ratio of 28.92, a P/E/G ratio of 1.54 and a beta of 0.74. TechnipFMC has a 12 month low of $28.87 and a 12 month high of $77.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.13 and a quick ratio of 0.88.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. Equities analysts forecast that TechnipFMC will post 2.94 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Tuesday, May 19th will be 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 is Tuesday, May 19th. TechnipFMC’s payout ratio is currently 7.63%.

Insider Transactions at TechnipFMC

In other news, insider Jonathan Landes sold 116,194 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $62.20, for a total transaction of $7,227,266.80. Following the completion of the transaction, the insider directly owned 71,356 shares of the company’s stock, valued at approximately $4,438,343.20. This represents a 61.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alf Melin sold 43,554 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $63.13, for a total value of $2,749,564.02. Following the transaction, the chief financial officer directly owned 238,983 shares of the company’s stock, valued at $15,086,996.79. This trade represents a 15.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,216,442 shares of company stock valued at $75,762,414 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On TechnipFMC

Institutional investors have recently made changes to their positions in the stock. Blue Trust Inc. grew its holdings in shares of TechnipFMC by 5,475.0% during the third quarter. Blue Trust Inc. now owns 669 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 657 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of TechnipFMC during the first quarter valued at approximately $26,000. Harbor Investment Advisory LLC bought a new position in shares of TechnipFMC during the fourth quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. bought a new position in shares of TechnipFMC during the third quarter valued at approximately $32,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of TechnipFMC by 45.3% during the first quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 340 shares during the last quarter. 96.58% of the stock is owned by institutional investors.

Key TechnipFMC News

Here are the key news stories impacting TechnipFMC this week:

• Positive Sentiment: Major brokerages raised targets and ratings — Susquehanna bumped its target to $90 (positive rating) and RBC raised its target to $80 with an “outperform” call; those upgrades support further upside and helped lift sentiment. Benzinga The Fly
• Positive Sentiment: Q1 EPS topped estimates — TechnipFMC reported $0.64 EPS vs. $0.57 consensus, showing margin improvement and stronger profitability versus last year; that beat is a clear near-term positive for the stock. Zacks EPS Beat
• Positive Sentiment: Momentum and growth narrative — Coverage noting a 52?week high and a bullish growth case (better-than-average financial growth) supports momentum trading and longer-term conviction. Zacks 52?week high Zacks growth note
• Neutral Sentiment: FY revenue guidance is a mixed/tepid signal — management reiterated a FY revenue range (~$10.4B–$10.9B) roughly centered on consensus, which tempers both upside surprise and downside risk; investors will watch execution against that band. Slide deck
• Neutral Sentiment: Analyst and press coverage increases visibility — multiple writeups and the earnings presentation raise investor attention (can amplify moves in either direction). Seeking Alpha
• Negative Sentiment: Revenue narrowly missed expectations — Q1 sales were $2.49B vs. $2.52B consensus, which offsets some of the positive EPS reaction and keeps focus on backlog and order flow. Yahoo Finance
• Negative Sentiment: Short-term volatility possible after the print — despite outperforming peers in some coverage, mixed top-line and guidance breadth mean profit-taking or rotation could occur even as brokers raise targets. MarketWatch

TechnipFMC Company Profile

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.