Analysts Set TechnipFMC (FTI) Target Price at $32.90

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TechnipFMC (NYSE:FTI) has been given an average rating of “Hold” by the twenty-five brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $32.90.

A number of research firms recently weighed in on FTI. Societe Generale downgraded TechnipFMC from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. ValuEngine downgraded TechnipFMC from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Macquarie upgraded TechnipFMC from a “neutral” rating to an “outperform” rating in a research report on Monday, April 23rd. Susquehanna Bancshares set a $39.00 target price on TechnipFMC and gave the stock a “buy” rating in a research report on Friday, April 13th. Finally, Cowen set a $38.00 target price on TechnipFMC and gave the stock a “buy” rating in a research report on Friday, April 13th.

In other TechnipFMC news, Director Richard A. Pattarozzi sold 18,500 shares of TechnipFMC stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $30.83, for a total value of $570,355.00. Following the transaction, the director now directly owns 80,581 shares of the company’s stock, valued at approximately $2,484,312.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Richard G. Alabaster sold 12,000 shares of TechnipFMC stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $30.01, for a total value of $360,120.00. Following the completion of the transaction, the insider now directly owns 54,028 shares in the company, valued at $1,621,380.28. The disclosure for this sale can be found here. Insiders sold a total of 47,150 shares of company stock worth $1,429,809 over the last ninety days. Insiders own 0.58% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of FTI. Bank of Montreal Can increased its stake in shares of TechnipFMC by 30.9% during the fourth quarter. Bank of Montreal Can now owns 195,618 shares of the oil and gas company’s stock valued at $6,126,000 after buying an additional 46,233 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of TechnipFMC by 5.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,427,295 shares of the oil and gas company’s stock valued at $44,689,000 after buying an additional 68,834 shares during the period. SG Americas Securities LLC increased its stake in shares of TechnipFMC by 1,960.6% during the fourth quarter. SG Americas Securities LLC now owns 416,639 shares of the oil and gas company’s stock valued at $13,045,000 after buying an additional 396,420 shares during the period. APG Asset Management N.V. increased its stake in shares of TechnipFMC by 16.5% during the fourth quarter. APG Asset Management N.V. now owns 8,455,789 shares of the oil and gas company’s stock valued at $220,479,000 after buying an additional 1,198,300 shares during the period. Finally, FNY Partners Fund LP purchased a new position in shares of TechnipFMC during the fourth quarter valued at approximately $7,638,000. 63.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of FTI traded down $0.63 during trading hours on Friday, reaching $32.56. 82,517 shares of the company’s stock traded hands, compared to its average volume of 3,295,309. The company has a market cap of $15.87 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 8.54 and a beta of 0.82. The company has a current ratio of 1.28, a quick ratio of 1.18 and a debt-to-equity ratio of 0.28. TechnipFMC has a 12 month low of $24.53 and a 12 month high of $35.00.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Wednesday, May 9th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.04). The business had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.11 billion. TechnipFMC had a net margin of 1.54% and a return on equity of 4.58%. The business’s revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 EPS. analysts predict that TechnipFMC will post 1.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 6th. Shareholders of record on Tuesday, May 22nd will be paid a $0.13 dividend. The ex-dividend date of this dividend is Monday, May 21st. This represents a $0.52 dividend on an annualized basis and a yield of 1.60%. TechnipFMC’s dividend payout ratio (DPR) is currently 40.31%.

About TechnipFMC

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.

Analyst Recommendations for TechnipFMC (NYSE:FTI)

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