Benchmark Reaffirms Buy Rating for TechnipFMC (NYSE:FTI)

Benchmark reiterated their buy rating on shares of TechnipFMC (NYSE:FTIFree Report) in a research report sent to investors on Monday morning, Marketbeat Ratings reports. They currently have a $30.00 price objective on the oil and gas company’s stock, up from their previous price objective of $25.00.

Other analysts also recently issued research reports about the stock. Barclays boosted their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an overweight rating in a report on Tuesday, February 27th. Susquehanna boosted their price objective on shares of TechnipFMC from $25.00 to $27.00 and gave the stock a positive rating in a report on Friday, February 23rd. ATB Capital set a $30.00 price target on shares of TechnipFMC and gave the company an outperform rating in a report on Friday, December 22nd. HSBC downgraded shares of TechnipFMC from a buy rating to a hold rating and set a $23.60 price target on the stock. in a report on Friday, February 23rd. Finally, TD Cowen upped their price target on shares of TechnipFMC from $26.00 to $28.00 and gave the company an outperform rating in a report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $25.11.

Check Out Our Latest Stock Report on FTI

TechnipFMC Stock Up 2.1 %

Shares of NYSE:FTI opened at $26.91 on Monday. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 224.27 and a beta of 1.65. TechnipFMC has a fifty-two week low of $12.64 and a fifty-two week high of $26.95. The firm’s 50-day simple moving average is $21.98 and its 200-day simple moving average is $20.88. The company has a quick ratio of 0.92, a current ratio of 1.16 and a debt-to-equity ratio of 0.32.

TechnipFMC (NYSE:FTIGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The firm’s revenue was up 22.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. As a group, equities research analysts predict that TechnipFMC will post 1.16 earnings per share for the current year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Tuesday, March 19th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Monday, March 18th. TechnipFMC’s dividend payout ratio is presently 166.68%.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the completion of the transaction, the director now owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On TechnipFMC

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Inceptionr LLC increased its position 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 purchasing an additional 540 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in TechnipFMC by 0.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 126,410 shares of the oil and gas company’s stock worth $2,571,000 after purchasing an additional 660 shares during the last quarter. Fulton Bank N.A. increased its position in TechnipFMC by 6.8% during the fourth quarter. Fulton Bank N.A. now owns 10,750 shares of the oil and gas company’s stock worth $217,000 after purchasing an additional 683 shares during the last quarter. Janney Capital Management LLC grew its stake in TechnipFMC by 2.8% during 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 period. Finally, Dfpg Investments LLC grew 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. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Company Profile

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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.

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Analyst Recommendations for TechnipFMC (NYSE:FTI)

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