TechnipFMC (NYSE:FTI) Lowered to “Hold” at StockNews.com

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

Other analysts have also issued research reports about the company. Bank of America increased their price objective on TechnipFMC from $24.00 to $28.50 and gave the company a buy rating in a research note on Monday, April 15th. HSBC lowered TechnipFMC from a buy rating to a hold rating and set a $23.60 price target for the company. in a research note on Friday, February 23rd. Susquehanna reaffirmed a positive rating and issued a $27.00 price target on shares of TechnipFMC in a research note on Monday, April 8th. Barclays raised their price target on TechnipFMC from $32.00 to $33.00 and gave the stock an overweight rating in a research note on Tuesday, February 27th. Finally, TD Cowen raised their price target on TechnipFMC from $26.00 to $28.00 and gave the stock an outperform rating in a research note on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $25.34.

TechnipFMC Stock Up 1.7 %

Shares of FTI opened at $25.82 on Friday. The firm has a market cap of $11.28 billion, a P/E ratio of 215.14 and a beta of 1.65. The stock has a 50 day simple moving average of $23.80 and a two-hundred day simple moving average of $21.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92. TechnipFMC has a 1 year low of $12.64 and a 1 year high of $27.26.

TechnipFMC (NYSE:FTI) last released its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. On average, analysts forecast that TechnipFMC will post 1.15 earnings per share for the current fiscal year.

TechnipFMC Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Tuesday, May 21st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, May 20th. This represents a $0.20 dividend on an annualized basis and a yield of 0.77%. TechnipFMC’s dividend payout ratio (DPR) is 166.68%.

Insiders Place Their Bets

In other news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $21.20, for a total transaction of $264,809.20. Following the completion of the transaction, the director now directly owns 103,982 shares in the company, valued at $2,204,418.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TechnipFMC

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of TechnipFMC by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company’s stock valued at $803,888,000 after buying an additional 126,247 shares during the last quarter. Invesco Ltd. boosted its position in shares of TechnipFMC by 75.7% during the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock valued at $263,809,000 after buying an additional 5,587,050 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of TechnipFMC by 6.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,214,539 shares of the oil and gas company’s stock valued at $207,764,000 after buying an additional 593,828 shares during the last quarter. American Century Companies Inc. boosted its position in shares of TechnipFMC by 161.9% during the third quarter. American Century Companies Inc. now owns 5,312,079 shares of the oil and gas company’s stock valued at $108,048,000 after buying an additional 3,283,972 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of TechnipFMC by 68.7% during the third quarter. Lord Abbett & CO. LLC now owns 4,000,978 shares of the oil and gas company’s stock valued at $81,380,000 after buying an additional 1,629,170 shares during the last quarter. 96.58% of the stock is currently owned by institutional investors.

About TechnipFMC

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.