TechnipFMC (NYSE:FTI) Price Target Raised to $40.00

by · The Cerbat Gem

TechnipFMC (NYSE:FTI – Free Report) had its price target raised by Susquehanna from $35.00 to $40.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a positive rating on the oil and gas company’s stock.

A number of other research firms also recently weighed in on FTI. Wall Street Zen downgraded TechnipFMC from a “buy” rating to a “hold” rating in a research note on Friday, June 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $37.00 price target on shares of TechnipFMC in a report on Monday, April 28th. Barclays raised their price target on TechnipFMC from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, April 25th. Finally, Sanford C. Bernstein downgraded TechnipFMC from a “strong-buy” rating to a “hold” rating and set a $32.00 price target for the company. in a report on Thursday, May 22nd. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $36.85.

Get Our Latest Analysis on TechnipFMC

TechnipFMC Stock Up 0.8%

NYSE:FTI opened at $34.91 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.07. The company has a market cap of $14.63 billion, a PE ratio of 18.37, a PEG ratio of 1.19 and a beta of 1.07. TechnipFMC has a 52-week low of $22.12 and a 52-week high of $35.71. The stock has a 50-day simple moving average of $31.88 and a 200 day simple moving average of $30.04.

TechnipFMC (NYSE:FTI – Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.26 billion. TechnipFMC had a return on equity of 27.01% and a net margin of 8.93%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.22 earnings per share. On average, sell-side analysts expect that TechnipFMC will post 1.63 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.57%. The ex-dividend date was Tuesday, May 20th. TechnipFMC’s payout ratio is 10.53%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Kera Capital Partners Inc. bought a new position in TechnipFMC during the 2nd quarter worth $244,000. Strs Ohio bought a new position in TechnipFMC during the 1st quarter worth $8,113,000. Geneos Wealth Management Inc. increased its position in TechnipFMC by 45.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock worth $35,000 after buying an additional 340 shares during the period. Focus Partners Wealth increased its position in TechnipFMC by 27.2% during the 1st quarter. Focus Partners Wealth now owns 24,120 shares of the oil and gas company’s stock worth $764,000 after buying an additional 5,161 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in TechnipFMC by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,139,326 shares of the oil and gas company’s stock worth $36,105,000 after buying an additional 53,206 shares during the period. Institutional investors own 96.58% of the company’s stock.

About TechnipFMC

(Get Free Report)

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.

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