Analysts Set TechnipFMC plc (NYSE:FTI) Price Target at $69.64

Shares of TechnipFMC plc (NYSE:FTI) have earned a consensus rating of “Moderate Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $70.00.

A number of research analysts have commented on FTI shares. Citigroup upped their price target on TechnipFMC from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday. Wall Street Zen cut TechnipFMC from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Susquehanna cut their price objective on TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. UBS Group set a $80.00 target price on TechnipFMC in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group restated a “buy” rating on shares of TechnipFMC in a report on Sunday, May 31st.

TechnipFMC Trading Down 2.8%

Shares of TechnipFMC stock opened at $72.84 on Monday. The stock has a 50 day moving average of $74.85 and a 200 day moving average of $71.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.85 and a current ratio of 1.08. The firm has a market capitalization of $28.56 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.49 and a beta of 0.74. TechnipFMC has a fifty-two week low of $35.29 and a fifty-two week high of $80.70.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.67 billion. During the same quarter last year, the company posted $0.68 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, research analysts predict that TechnipFMC will post 3.17 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, August 18th. TechnipFMC’s dividend payout ratio is currently 6.94%.

Insider Activity at TechnipFMC

In related news, Director Eric Mullins acquired 6,365 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were acquired at an average price of $78.55 per share, with a total value of $499,970.75. Following the completion of the transaction, the director owned 8,070 shares of the company’s stock, valued at $633,898.50. The trade was a 373.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds have recently bought and sold shares of the stock. ANB Bank increased its stake in shares of TechnipFMC by 3.4% during the 1st quarter. ANB Bank now owns 4,903 shares of the oil and gas company’s stock valued at $339,000 after acquiring an additional 161 shares during the last quarter. PFG Investments LLC boosted its position in shares of TechnipFMC by 2.4% in the first quarter. PFG Investments LLC now owns 7,160 shares of the oil and gas company’s stock worth $495,000 after acquiring an additional 165 shares during the last quarter. Evolve Private Wealth LLC grew its holdings in TechnipFMC by 0.7% in the first quarter. Evolve Private Wealth LLC now owns 34,879 shares of the oil and gas company’s stock valued at $2,411,000 after purchasing an additional 227 shares during the period. Caerus Investment Advisors LLC grew its holdings in TechnipFMC by 1.1% in the first quarter. Caerus Investment Advisors LLC now owns 24,025 shares of the oil and gas company’s stock valued at $1,661,000 after purchasing an additional 259 shares during the period. Finally, Rothschild Investment LLC increased its position in TechnipFMC by 3.2% during the fourth quarter. Rothschild Investment LLC now owns 11,869 shares of the oil and gas company’s stock worth $529,000 after purchasing an additional 363 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

About TechnipFMC

TechnipFMC plc (NYSE: FTI) is an energy technology company that provides systems, products and services for the development and production of oil and natural gas resources. Its business is organized primarily into Subsea and Surface Technologies, serving energy companies, contractors and other customers across the global energy industry.

The Subsea segment designs and delivers integrated offshore production systems, subsea equipment and related services. Its offerings include subsea trees, manifolds, controls, risers, flexible pipe and other technologies used to develop offshore fields.