TechnipFMC (NYSE:FTI) Rating Reiterated by Benchmark

TechnipFMC (NYSE:FTI)‘s stock had its “buy” rating reiterated by equities researchers at Benchmark in a note issued to investors on Friday, Benzinga reports. They presently have a $30.00 price target on the oil and gas company’s stock. Benchmark’s price target would indicate a potential upside of 12.19% from the stock’s previous close.

A number of other brokerages have also commented on FTI. StockNews.com lowered TechnipFMC from a “buy” rating to a “hold” rating in a research report on Saturday, April 20th. Susquehanna upped their target price on TechnipFMC from $27.00 to $34.00 and gave the stock a “positive” rating in a research note on Friday. Barclays upped their target price on TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. TD Cowen increased their price objective on TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price for the company. in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.81.

TechnipFMC Stock Up 0.6 %

Shares of FTI stock traded up $0.15 during trading hours on Friday, reaching $26.74. 1,854,376 shares of the company’s stock were exchanged, compared to its average volume of 4,697,203. TechnipFMC has a 1 year low of $12.64 and a 1 year high of $27.26. The stock has a market cap of $11.69 billion, a PE ratio of 222.77 and a beta of 1.65. The company has a current ratio of 1.16, a quick ratio of 0.92 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $24.07 and its two-hundred day moving average price is $21.50.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $1.96 billion. The business’s revenue was up 18.9% compared to the same quarter last year. Research analysts predict that TechnipFMC will post 1.15 EPS for the current year.

Insider Activity

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 shares were sold at an average price of $21.20, for a total value of $264,809.20. Following the sale, the director now directly owns 103,982 shares in the company, valued at approximately $2,204,418.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds and other institutional investors have recently modified their holdings of FTI. Ballentine Partners LLC acquired a new stake in TechnipFMC during the 3rd quarter worth $203,000. Xponance Inc. boosted its holdings in shares of TechnipFMC by 128.1% in the third quarter. Xponance Inc. now owns 34,638 shares of the oil and gas company’s stock valued at $705,000 after acquiring an additional 19,451 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of TechnipFMC by 14.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 12,994 shares of the oil and gas company’s stock valued at $264,000 after acquiring an additional 1,674 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of TechnipFMC by 17.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,829 shares of the oil and gas company’s stock valued at $1,820,000 after acquiring an additional 13,265 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of TechnipFMC by 50.0% in the third quarter. Mackenzie Financial Corp now owns 836,307 shares of the oil and gas company’s stock valued at $16,659,000 after acquiring an additional 278,637 shares in the last quarter. 96.58% of the stock is currently owned by institutional investors and hedge funds.

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.