TechnipFMC (NYSE:FTI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of TechnipFMC (NYSE:FTI) from a hold rating to a buy rating in a research report sent to investors on Friday.

A number of other equities research analysts have also recently issued reports on FTI. TD Cowen boosted their target price on shares of TechnipFMC from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Susquehanna raised their target price on shares of TechnipFMC from $35.00 to $37.00 and gave the stock a “positive” rating in a report on Friday, October 25th. Hsbc Global Res upgraded TechnipFMC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. HSBC upgraded TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, October 29th. Finally, Citigroup upped their target price on TechnipFMC from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.41.

TechnipFMC Trading Up 0.4 %

FTI stock opened at $26.39 on Friday. TechnipFMC has a one year low of $18.33 and a one year high of $29.85. The stock has a market cap of $11.23 billion, a price-to-earnings ratio of 17.36 and a beta of 1.51. The company has a fifty day moving average price of $26.12 and a two-hundred day moving average price of $26.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89.

TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.25. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The firm had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the firm earned $0.21 EPS. The business’s revenue was up 14.2% on a year-over-year basis. Equities analysts anticipate that TechnipFMC will post 1.42 EPS for the current year.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Tuesday, November 19th. TechnipFMC’s dividend payout ratio is 13.16%.

TechnipFMC announced that its board has authorized a share repurchase program on Wednesday, October 23rd that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the oil and gas company to buy up to 9.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Institutional Trading of TechnipFMC

Several hedge funds and other institutional investors have recently made changes to their positions in FTI. Allspring Global Investments Holdings LLC raised its position in TechnipFMC by 43.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,405 shares of the oil and gas company’s stock worth $211,000 after purchasing an additional 2,543 shares during the last quarter. Norden Group LLC grew its stake in TechnipFMC by 99.9% during the first quarter. Norden Group LLC now owns 25,260 shares of the oil and gas company’s stock worth $634,000 after purchasing an additional 12,626 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of TechnipFMC during the 1st quarter worth approximately $848,000. Janney Montgomery Scott LLC acquired a new stake in shares of TechnipFMC during the 1st quarter worth approximately $205,000. Finally, Whittier Trust Co. bought a new stake in shares of TechnipFMC in the 1st quarter valued at $29,000. 96.58% of the stock is currently owned by institutional investors.

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.