Societe Generale started coverage on shares of FMC Technologies, Inc. (NYSE:FTI) in a research report released on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $38.00 price target on the oil and gas company’s stock.

FTI has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) cut shares of FMC Technologies from a buy rating to a neutral rating and set a $30.00 price target on the stock. in a research report on Monday, November 13th. Seaport Global Securities reaffirmed a neutral rating on shares of FMC Technologies in a research report on Thursday, July 27th. Scotiabank set a $36.00 price target on shares of FMC Technologies and gave the company a buy rating in a research report on Thursday, July 27th. BidaskClub raised shares of FMC Technologies from a strong sell rating to a sell rating in a research report on Tuesday, August 1st. Finally, UBS AG reaffirmed a buy rating and set a $36.00 price target (down previously from $40.00) on shares of FMC Technologies in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $33.83.

Shares of FMC Technologies (NYSE:FTI) traded up $0.08 during trading on Thursday, hitting $26.62. 2,340,000 shares of the company traded hands, compared to its average volume of 4,356,230. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23. FMC Technologies has a one year low of $24.53 and a one year high of $36.14. The company has a market capitalization of $12,420.68, a PE ratio of 21.30, a price-to-earnings-growth ratio of 0.87 and a beta of 0.89.

FMC Technologies (NYSE:FTI) last issued its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter last year, the company posted $0.22 earnings per share. The firm’s revenue was up 74.3% compared to the same quarter last year. equities research analysts anticipate that FMC Technologies will post 1.61 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright and trademark laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/11/19/societe-generale-begins-coverage-on-fmc-technologies-inc-fti.html.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Monday, November 20th.

A number of large investors have recently modified their holdings of FTI. Great West Life Assurance Co. Can increased its position in shares of FMC Technologies by 70.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock valued at $121,000 after acquiring an additional 1,783 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of FMC Technologies in the second quarter valued at about $161,000. Macquarie Group Ltd. purchased a new position in shares of FMC Technologies in the third quarter valued at about $190,000. Bank of Nova Scotia Trust Co. purchased a new position in shares of FMC Technologies in the third quarter valued at about $192,000. Finally, Conning Inc. increased its position in shares of FMC Technologies by 2.7% in the second quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after acquiring an additional 200 shares during the period. Institutional investors own 66.88% of the company’s stock.

About FMC Technologies

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

Analyst Recommendations for FMC Technologies (NYSE:FTI)

Receive News & Stock Ratings for FMC Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FMC Technologies Inc. and related stocks with our FREE daily email newsletter.