TechnipFMC (NYSE:FTI) Cut to Hold at StockNews.com

StockNews.com downgraded shares of TechnipFMC (NYSE:FTI) from a buy rating to a hold rating in a research report released on Thursday morning.

FTI has been the subject of several other reports. Citigroup lifted their price objective on TechnipFMC from $31.00 to $32.00 and gave the stock a buy rating in a report on Wednesday, July 10th. Susquehanna increased their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the stock a positive rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $29.51.

TechnipFMC Price Performance

FTI stock opened at $25.56 on Thursday. TechnipFMC has a 1 year low of $18.33 and a 1 year high of $29.85. The company has a market cap of $11.02 billion, a P/E ratio of 54.38 and a beta of 1.50. The firm has a 50-day moving average of $26.39 and a 200 day moving average of $26.03. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.84.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.23 billion. TechnipFMC had a return on equity of 14.36% and a net margin of 5.72%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. On average, sell-side analysts forecast that TechnipFMC will post 1.34 EPS for the current year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.78%. The ex-dividend date was Tuesday, August 20th. TechnipFMC’s payout ratio is 42.55%.

Institutional Investors Weigh In On TechnipFMC

Several institutional investors have recently made changes to their positions in the company. Whittier Trust Co. bought a new position in TechnipFMC in the first quarter worth approximately $29,000. GAMMA Investing LLC raised 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 buying an additional 492 shares during the last quarter. ORG Partners LLC acquired a new stake in TechnipFMC in the 2nd quarter worth approximately $33,000. Quarry LP grew its holdings in shares of TechnipFMC by 76.6% during the fourth quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 768 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new position in shares of TechnipFMC in the second quarter valued at about $51,000. Institutional investors 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.