StockNews.com Lowers TechnipFMC (NYSE:FTI) to Hold

StockNews.com cut shares of TechnipFMC (NYSE:FTIFree Report) from a buy rating to a hold rating in a report issued on Tuesday morning.

Several other research firms also recently weighed in on FTI. BNP Paribas downgraded shares of TechnipFMC from an outperform rating to a neutral rating and set a $23.50 price target on the stock. in a research report on Monday, November 6th. HSBC lowered TechnipFMC from a buy rating to a hold rating and set a $23.60 price target for the company. in a report on Friday, February 23rd. ATB Capital set a $30.00 price objective on TechnipFMC and gave the stock an outperform rating in a research note on Friday, December 22nd. TD Cowen boosted their price objective on TechnipFMC from $26.00 to $28.00 and gave the company an outperform rating in a research note on Friday, February 23rd. Finally, Susquehanna raised their target price on shares of TechnipFMC from $25.00 to $27.00 and gave the stock a positive rating in a research note on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $24.74.

Get Our Latest Research Report on FTI

TechnipFMC Stock Down 1.0 %

Shares of TechnipFMC stock opened at $22.03 on Tuesday. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 183.54 and a beta of 1.64. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $19.99 and its 200 day moving average is $20.23. TechnipFMC has a twelve month low of $12.04 and a twelve month high of $22.97.

TechnipFMC (NYSE:FTIGet Free Report) last posted its earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company earned ($0.05) earnings per share. TechnipFMC’s revenue was up 22.6% on a year-over-year basis. Research analysts anticipate that TechnipFMC will post 1.17 EPS for the current year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 19th will be issued a $0.05 dividend. The ex-dividend date is Monday, March 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.91%. TechnipFMC’s dividend payout ratio (DPR) is 166.67%.

Insider Buying and Selling

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the transaction, the director now directly owns 103,982 shares in the company, valued at approximately $2,204,418.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.06% of the stock is owned by company insiders.

Institutional Trading of TechnipFMC

Several hedge funds have recently made changes to their positions in the business. Inceptionr LLC increased its stake in TechnipFMC by 2.2% during the fourth quarter. Inceptionr LLC now owns 24,612 shares of the oil and gas company’s stock worth $496,000 after acquiring an additional 540 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of TechnipFMC by 0.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company’s stock valued at $2,571,000 after purchasing an additional 660 shares during the last quarter. Fulton Bank N.A. raised its holdings in TechnipFMC by 6.8% during the 4th quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company’s stock valued at $217,000 after buying an additional 683 shares during the period. Janney Capital Management LLC lifted its position in TechnipFMC by 2.8% in the third quarter. Janney Capital Management LLC now owns 26,849 shares of the oil and gas company’s stock worth $546,000 after buying an additional 722 shares during the last quarter. Finally, Dfpg Investments LLC boosted its stake in TechnipFMC by 2.4% during the fourth quarter. Dfpg Investments LLC now owns 31,360 shares of the oil and gas company’s stock worth $623,000 after buying an additional 738 shares during the period. 98.79% of the stock is currently owned by hedge funds and other institutional investors.

About TechnipFMC

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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.

Further Reading

Analyst Recommendations for TechnipFMC (NYSE:FTI)

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