TechnipFMC Sees Unusually Large Options Volume (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) was the target of unusually large options trading on Friday. Investors bought 12,785 call options on the stock. This is an increase of approximately 2,071% compared to the typical daily volume of 589 call options.

Analyst Ratings Changes

Several equities analysts recently issued reports on FTI shares. Zacks Research cut TechnipFMC from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Susquehanna lowered their target price on TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Barclays raised their price target on TechnipFMC from $70.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Citigroup lifted their price target on TechnipFMC from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, June 18th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of TechnipFMC in a research report on Sunday, May 31st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.64.

Institutional Investors Weigh In On TechnipFMC

Hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of TechnipFMC during the first quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. purchased a new stake in TechnipFMC in the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. raised its holdings in TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 340 shares during the last quarter. Ascentis Independent Advisors acquired a new position in TechnipFMC in the 1st quarter valued at $37,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in shares of TechnipFMC during the 2nd quarter worth $37,000. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Price Performance

Shares of TechnipFMC stock traded up $1.96 during trading on Friday, hitting $78.63. 3,748,940 shares of the company were exchanged, compared to its average volume of 3,373,975. The firm has a 50 day moving average price of $70.30 and a 200 day moving average price of $68.41. The stock has a market capitalization of $30.84 billion, a price-to-earnings ratio of 27.30, a P/E/G ratio of 1.62 and a beta of 0.72. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. TechnipFMC has a fifty-two week low of $34.27 and a fifty-two week high of $79.23.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the business posted $0.68 earnings per share. TechnipFMC’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts expect that TechnipFMC will post 3.06 earnings per share for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $0.20 annualized dividend and a yield of 0.3%. TechnipFMC’s payout ratio is presently 6.94%.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.