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

TechnipFMC plc (NYSE:FTI) has received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $74.17.

A number of brokerages have recently weighed in on FTI. Susquehanna lowered their price target on TechnipFMC from $90.00 to $85.00 and set a “positive” rating on the stock in a report on Wednesday, July 8th. Zacks Research raised TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Weiss Ratings downgraded TechnipFMC from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, October 2nd. Wall Street Zen lowered TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Citigroup raised their price objective on TechnipFMC from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th.

TechnipFMC Trading Down 0.1%

NYSE FTI opened at $69.49 on Friday. TechnipFMC has a twelve month low of $35.29 and a twelve month high of $80.70. 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 stock has a market cap of $27.25 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.12 and a beta of 0.83. The firm’s 50 day moving average price is $73.89 and its two-hundred day moving average price is $71.87.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.67 billion. TechnipFMC had a net margin of 11.28% and a return on equity of 36.54%. The company’s revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. Equities analysts anticipate that TechnipFMC will post 3.20 EPS for the current year.

TechnipFMC Dividend Announcement

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

Insider Buying and Selling

In related news, insider Thierry Conti sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $71.85, for a total transaction of $431,100.00. Following the transaction, the insider directly 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 sale 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 D. Mullins acquired 6,365 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $78.55 per share, for a total transaction of $499,970.75. Following the completion of the transaction, the director directly owned 8,070 shares of the company’s stock, valued at $633,898.50. This represents a 373.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TechnipFMC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC acquired a new position in TechnipFMC during the first quarter worth $26,000. Coppell Advisory Solutions LLC bought a new position in TechnipFMC during the second quarter valued at about $35,000. Ascentis Independent Advisors bought a new position in TechnipFMC during the first quarter valued at about $37,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of TechnipFMC in the second quarter worth about $37,000. Finally, Ameritas Advisory Services LLC acquired a new stake in shares of TechnipFMC in the second quarter worth about $44,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

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.