TechnipFMC (NYSE:FTI) Upgraded at Zacks Research

Zacks Research upgraded shares of TechnipFMC (NYSE:FTI) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks reports.

Several other equities analysts have also recently weighed in on the company. Wall Street Zen cut TechnipFMC from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Citigroup upped their price objective on TechnipFMC from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Weiss Ratings cut TechnipFMC from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, October 2nd. Finally, Susquehanna cut their price target on TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.08.

TechnipFMC Stock Performance

Shares of FTI stock opened at $68.36 on Monday. The company has a 50 day moving average price of $73.92 and a 200-day moving average price of $71.83. TechnipFMC has a 52 week low of $35.29 and a 52 week high of $80.70. The firm has a market capitalization of $26.81 billion, a PE ratio of 23.74, a P/E/G ratio of 1.12 and a beta of 0.83. 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 (NYSE:FTI) last released its quarterly earnings data 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. 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 period in the previous year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities research analysts expect that TechnipFMC will post 3.2 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%.

Insider Buying and Selling at TechnipFMC

In other TechnipFMC news, insider Thierry Conti sold 6,000 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $71.85, for a total transaction of $431,100.00. Following the completion of the sale, the insider owned 85,813 shares of the company’s stock, valued at approximately $6,165,664.05. The trade was a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in TechnipFMC during the first quarter valued at approximately $26,000. Coppell Advisory Solutions LLC purchased a new position in shares of TechnipFMC during the 2nd quarter valued at $35,000. Ascentis Independent Advisors purchased a new position in shares of TechnipFMC during the 1st quarter valued at $37,000. Keating Financial Advisory Services Inc. bought a new position in TechnipFMC in the 2nd quarter worth $37,000. Finally, Ameritas Advisory Services LLC bought a new position in TechnipFMC in the 2nd quarter worth $44,000. 96.58% of the stock is owned by hedge funds and other institutional investors.

About TechnipFMC

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.