Brokerages Set TechnipFMC plc (NYSE:FTI) PT at $27.21

Shares of TechnipFMC plc (NYSE:FTI) have been assigned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $27.21.

FTI has been the subject of several research analyst reports. Benchmark reissued a “buy” rating and issued a $30.00 price objective on shares of TechnipFMC in a report on Friday, April 26th. HSBC downgraded TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price for the company. in a research note on Friday, February 23rd. Piper Sandler lifted their target price on TechnipFMC from $30.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. StockNews.com upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research note on Sunday, April 28th. Finally, TD Cowen lifted their target price on TechnipFMC from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, April 26th.

Institutional Investors Weigh In On TechnipFMC

A number of institutional investors have recently added to or reduced their stakes in FTI. Parkside Financial Bank & Trust bought a new position in shares of TechnipFMC in the third quarter valued at $29,000. Whittier Trust Co. purchased a new position in shares of TechnipFMC during the 1st quarter valued at $29,000. Johnson Financial Group Inc. purchased a new position in shares of TechnipFMC during the 4th quarter valued at $33,000. Quarry LP grew its holdings in shares of TechnipFMC by 76.6% during 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. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of TechnipFMC during the 4th quarter valued at $45,000. 96.58% of the stock is currently owned by institutional investors and hedge funds.

TechnipFMC Stock Up 0.8 %

Shares of NYSE FTI opened at $25.59 on Friday. TechnipFMC has a 1 year low of $13.11 and a 1 year high of $27.30. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 54.45 and a beta of 1.61. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.16. The stock’s 50-day simple moving average is $25.92 and its 200-day simple moving average is $22.25.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 9.57% and a net margin of 2.61%. The firm’s revenue was up 18.9% on a year-over-year basis. As a group, equities analysts anticipate that TechnipFMC will post 1.18 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be given 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 yield of 0.78%. TechnipFMC’s dividend payout ratio (DPR) is 42.55%.

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.