TechnipFMC plc (NYSE:FTI) Stock Has Consensus Price Target of $72.08 According to Analysts

TechnipFMC plc (NYSE:FTI) has earned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $74.92.

Several research analysts recently commented on the stock. Susquehanna decreased their target price on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a research note on Wednesday, July 8th. Citigroup increased their price target on shares of TechnipFMC from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Weiss Ratings cut shares of TechnipFMC from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, October 2nd. Wall Street Zen lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, UBS Group began coverage on shares of TechnipFMC in a report on Monday. They issued a “buy” rating and a $89.00 price target on the stock.

Insider Activity

In other TechnipFMC news, Director Eric Mullins bought 6,365 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $78.55 per share, with a total value of $499,970.75. Following the completion of the purchase, the director directly owned 8,070 shares of the company’s stock, valued at $633,898.50. This trade represents a 373.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thierry Conti sold 6,000 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $71.85, for a total value of $431,100.00. Following the transaction, the insider owned 85,813 shares in the company, valued at approximately $6,165,664.05. This represents a 6.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On TechnipFMC

A number of large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in TechnipFMC in the second quarter valued at $3,081,514,000. Amundi increased its position in TechnipFMC by 72.6% during the 2nd quarter. Amundi now owns 4,358,115 shares of the oil and gas company’s stock valued at $288,943,000 after purchasing an additional 1,832,581 shares during the period. Bank of America Corp DE purchased a new position in TechnipFMC during the 2nd quarter valued at $226,069,000. Bank of New York Mellon Corp raised its holdings in TechnipFMC by 7.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,878,798 shares of the oil and gas company’s stock worth $199,011,000 after purchasing an additional 194,799 shares in the last quarter. Finally, Danske Bank A S bought a new position in TechnipFMC in the 2nd quarter worth $163,822,000. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Price Performance

Shares of TechnipFMC stock opened at $70.63 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85. The business’s 50 day simple moving average is $73.91 and its two-hundred day simple moving average is $71.86. The stock has a market capitalization of $27.70 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 1.12 and a beta of 0.83. TechnipFMC has a one year low of $35.29 and a one year high of $80.70.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share. Analysts forecast that TechnipFMC will post 3.20 EPS for the current year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Tuesday, August 18th. TechnipFMC’s dividend payout ratio is currently 6.94%.

About TechnipFMC

TechnipFMC plc (NYSE: FTI) is an energy technology company that provides products, systems and services for the development and production of oil and natural gas resources. Its operations are organized primarily across Subsea and Surface Technologies, serving offshore and onshore energy projects throughout the world.

The company’s Subsea business designs and supplies integrated solutions for offshore field development, including subsea production systems, subsea controls, flexible pipe, umbilicals, installation services and lifecycle support.