TechnipFMC plc (NYSE:FTI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of TechnipFMC plc (NYSE:FTI) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $66.5333.

Several research firms have weighed in on FTI. Susquehanna raised their target price on shares of TechnipFMC from $83.00 to $90.00 and gave the company a “positive” rating in a report on Friday, May 1st. HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and upped their target price for the company from $49.00 to $62.00 in a research note on Friday, February 20th. The Goldman Sachs Group upped their target price on TechnipFMC from $66.00 to $75.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada lifted their price objective on TechnipFMC from $78.00 to $80.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, UBS Group set a $70.00 price objective on TechnipFMC in a research report on Friday, February 20th.

Insider Buying and Selling at TechnipFMC

In other news, CFO Alf Melin sold 83,721 shares of TechnipFMC stock in a transaction on Monday, March 9th. The stock was sold at an average price of $61.83, for a total value of $5,176,469.43. Following the completion of the sale, the chief financial officer owned 282,537 shares of the company’s stock, valued at $17,469,262.71. The trade was a 22.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Justin Rounce sold 172,276 shares of TechnipFMC stock in a transaction on Monday, March 9th. The shares were sold at an average price of $62.10, for a total value of $10,698,339.60. Following the completion of the sale, the executive vice president directly owned 119,667 shares of the company’s stock, valued at approximately $7,431,320.70. This represents a 59.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,216,442 shares of company stock valued at $75,762,414. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. V Square Quantitative Management LLC purchased a new position in shares of TechnipFMC during the 1st quarter worth about $26,000. Ascentis Independent Advisors purchased a new stake in shares of TechnipFMC during the 1st quarter valued at $37,000. Harbor Investment Advisory LLC purchased a new stake in shares of TechnipFMC during the 4th quarter valued at $32,000. First Pacific Financial purchased a new stake in shares of TechnipFMC during the 1st quarter valued at $52,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of TechnipFMC during the 3rd quarter valued at $32,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

TechnipFMC Stock Up 3.2%

FTI opened at $73.55 on Tuesday. The business’s fifty day moving average is $70.46 and its two-hundred day moving average is $57.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.13. The company has a market cap of $29.32 billion, a price-to-earnings ratio of 28.07, a PEG ratio of 1.44 and a beta of 0.74. TechnipFMC has a one year low of $28.87 and a one year high of $77.78.

TechnipFMC (NYSE:FTI) last posted its earnings results 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. The company had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.52 billion. TechnipFMC had a return on equity of 34.06% and a net margin of 10.62%.TechnipFMC’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. Analysts anticipate that TechnipFMC will post 2.95 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

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 paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio is presently 7.63%.

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.