TechnipFMC plc Ordinary Share (NYSE:FTI) shares gapped up prior to trading on Monday . The stock had previously closed at $26.74, but opened at $27.43. TechnipFMC plc Ordinary Share shares last traded at $28.55, with a volume of 2971782 shares changing hands.

Several research analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of TechnipFMC plc Ordinary Share from $34.60 to $29.40 and set a “neutral” rating for the company in a report on Monday, September 18th. began coverage on shares of TechnipFMC plc Ordinary Share in a research report on Monday, September 11th. They issued a “hold” rating and a $26.00 price objective on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $37.00 price objective on shares of TechnipFMC plc Ordinary Share in a research report on Friday, October 27th. Cowen set a $32.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Barclays set a $28.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the stock a “hold” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the stock. TechnipFMC plc Ordinary Share currently has an average rating of “Hold” and a consensus target price of $33.18.

The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The stock has a market cap of $13,321.20, a PE ratio of 22.84, a PEG ratio of 0.93 and a beta of 0.90.

TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.87 billion. The company’s quarterly revenue was up 74.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. equities research analysts forecast that TechnipFMC plc Ordinary Share will post 1.61 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Monday, November 20th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Conning Inc. raised its position in shares of TechnipFMC plc Ordinary Share by 2.7% in the 2nd quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock worth $208,000 after acquiring an additional 200 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of TechnipFMC plc Ordinary Share by 2.8% in the second quarter. Bank of Nova Scotia now owns 11,204 shares of the oil and gas company’s stock valued at $305,000 after purchasing an additional 300 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of TechnipFMC plc Ordinary Share 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 purchasing an additional 1,783 shares during the period. Advisors Asset Management Inc. increased its stake in shares of TechnipFMC plc Ordinary Share by 5.4% in the second quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock valued at $1,046,000 after purchasing an additional 1,982 shares during the period. Finally, Norinchukin Bank The increased its stake in shares of TechnipFMC plc Ordinary Share by 6.8% in the second quarter. Norinchukin Bank The now owns 32,380 shares of the oil and gas company’s stock valued at $881,000 after purchasing an additional 2,060 shares during the period. Institutional investors own 65.55% of the company’s stock.

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TechnipFMC plc Ordinary Share Company Profile

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.

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