TechnipFMC plc (NYSE:FTI) Stock Has Average Target Price of $72.08 According to Analysts

Shares of TechnipFMC plc (NYSE:FTI) have been assigned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $74.83.

Several brokerages have issued reports on FTI. Weiss Ratings cut TechnipFMC from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, October 2nd. Zacks Research raised shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. UBS Group initiated coverage on shares of TechnipFMC in a report on Monday. They set a “buy” rating and a $89.00 target price for the company. Barclays dropped their price target on shares of TechnipFMC from $87.00 to $86.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Susquehanna cut their price objective on shares of TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, insider Thierry Conti sold 6,000 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $71.85, for a total value of $431,100.00. Following the completion of the sale, the insider owned 85,813 shares in the company, valued at $6,165,664.05. This represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Mullins purchased 6,365 shares of TechnipFMC stock in a transaction on Friday, August 14th. The stock was bought at an average price of $78.55 per share, with a total value of $499,970.75. Following the transaction, the director owned 8,070 shares of the company’s stock, valued at approximately $633,898.50. This represents a 373.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TechnipFMC

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Annex Advisory Services LLC boosted its holdings in TechnipFMC by 9.6% in the 3rd quarter. Annex Advisory Services LLC now owns 3,467 shares of the oil and gas company’s stock worth $235,000 after buying an additional 303 shares during the period. Triasima Portfolio Management inc. increased its stake in TechnipFMC by 1.8% in the 3rd quarter. Triasima Portfolio Management inc. now owns 8,490 shares of the oil and gas company’s stock worth $577,000 after buying an additional 150 shares in the last quarter. Ninety One UK Ltd purchased a new stake in TechnipFMC in the 3rd quarter worth $520,000. Curated Wealth Partners LLC bought a new stake in TechnipFMC during the third quarter valued at about $1,372,000. Finally, HBW Advisory Services LLC raised its holdings in TechnipFMC by 70.5% during the third quarter. HBW Advisory Services LLC now owns 5,150 shares of the oil and gas company’s stock valued at $350,000 after acquiring an additional 2,130 shares during the period. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Trading Down 1.8%

NYSE:FTI opened at $68.22 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.10. TechnipFMC has a 12 month low of $35.29 and a 12 month high of $80.70. The company has a market cap of $26.75 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 1.11 and a beta of 0.83. The company has a 50 day simple moving average of $73.88 and a two-hundred day simple moving average of $71.84.

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, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 EPS. Research analysts forecast that TechnipFMC will post 3.20 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 18th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, August 18th. TechnipFMC’s dividend payout ratio (DPR) is currently 6.94%.

TechnipFMC Company Profile

TechnipFMC plc (NYSE: FTI) is an energy technology company that provides products, systems and services for the development and production of oil and natural gas resources. Its operations are organized primarily across Subsea and Surface Technologies, serving offshore and onshore energy projects throughout the world.

The company’s Subsea business designs and supplies integrated solutions for offshore field development, including subsea production systems, subsea controls, flexible pipe, umbilicals, installation services and lifecycle support.