StockNews.com Lowers TechnipFMC (NYSE:FTI) to Hold

StockNews.com lowered shares of TechnipFMC (NYSE:FTI) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

Other analysts have also recently issued research reports about the stock. Susquehanna upped their price objective on shares of TechnipFMC from $34.00 to $35.00 and gave the company a positive rating in a research report on Friday, July 26th. Citigroup raised their price target on TechnipFMC from $31.00 to $32.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $29.38.

TechnipFMC Stock Up 3.9 %

Shares of TechnipFMC stock opened at $26.34 on Tuesday. The business has a fifty day simple moving average of $26.53 and a 200 day simple moving average of $25.78. The stock has a market cap of $11.35 billion, a PE ratio of 55.79 and a beta of 1.50. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. TechnipFMC has a 12 month low of $18.33 and a 12 month high of $29.85.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. The business had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.23 billion. TechnipFMC had a net margin of 5.72% and a return on equity of 14.36%. TechnipFMC’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. Research analysts predict that TechnipFMC will post 1.34 EPS for the current year.

TechnipFMC Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Tuesday, August 20th. TechnipFMC’s dividend payout ratio is presently 42.55%.

Insider Buying and Selling

In other TechnipFMC news, CAO David Light sold 5,928 shares of TechnipFMC stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $25.81, for a total value of $153,001.68. Following the sale, the chief accounting officer now directly owns 11,534 shares in the company, valued at approximately $297,692.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FTI. Whittier Trust Co. bought a new position in shares of TechnipFMC in the first quarter valued at $29,000. GAMMA Investing LLC lifted its stake in TechnipFMC by 73.1% in the second quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 492 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of TechnipFMC in the 4th quarter valued at about $33,000. ORG Partners LLC acquired a new position in shares of TechnipFMC during the 2nd quarter worth about $33,000. Finally, Quarry LP lifted its stake in TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 768 shares during the last quarter. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Company Profile

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.