TechnipFMC (NYSE:FTI) Rating Reiterated by Benchmark

Benchmark reiterated their buy rating on shares of TechnipFMC (NYSE:FTI) in a research note released on Friday morning, Benzinga reports. Benchmark currently has a $30.00 target price on the oil and gas company’s stock.

FTI has been the topic of several other research reports. HSBC lowered shares of TechnipFMC from a buy rating to a hold rating and set a $23.60 price target on the stock. in a research report on Friday, February 23rd. TD Cowen boosted their price target on shares of TechnipFMC from $26.00 to $28.00 and gave the company an outperform rating in a research report on Friday, February 23rd. Bank of America boosted their price target on shares of TechnipFMC from $24.00 to $28.50 and gave the company a buy rating in a research report on Monday, April 15th. Susquehanna boosted their price target on shares of TechnipFMC from $27.00 to $34.00 and gave the company a positive rating in a research report on Friday. Finally, Barclays boosted their price target on shares of TechnipFMC from $32.00 to $33.00 and gave the company an overweight rating in a research report on Tuesday, February 27th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $26.07.

TechnipFMC Price Performance

Shares of NYSE FTI opened at $26.59 on Friday. The stock has a market capitalization of $11.62 billion, a P/E ratio of 56.57 and a beta of 1.65. The company has a 50-day moving average price of $24.21 and a 200-day moving average price of $21.54. TechnipFMC has a 1 year low of $12.64 and a 1 year high of $27.26. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.16 and a quick ratio of 0.92.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.96 billion. TechnipFMC had a net margin of 2.61% and a return on equity of 9.60%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. On average, equities research analysts forecast that TechnipFMC will post 1.15 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%. TechnipFMC’s dividend payout ratio (DPR) is 42.55%.

Insider Activity

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the company’s stock in a transaction 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 sale, the director now owns 103,982 shares of the company’s stock, valued at approximately $2,204,418.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust bought a new position in shares of TechnipFMC in the 3rd quarter worth about $29,000. Johnson Financial Group Inc. bought a new position in TechnipFMC in the 4th quarter valued at approximately $33,000. Quarry LP lifted its position in TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after acquiring an additional 768 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in TechnipFMC in the 4th quarter valued at approximately $45,000. Finally, Systematic Alpha Investments LLC bought a new position in TechnipFMC in the 3rd quarter valued at approximately $146,000. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Company Profile

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.