TechnipFMC plc Ordinary Share (NYSE:FTI)‘s stock had its “reduce” rating reissued by investment analysts at HSBC in a report issued on Wednesday, November 15th, MarketBeat Ratings reports. They presently have a $26.00 price objective on the oil and gas company’s stock. HSBC’s price objective indicates a potential downside of 11.11% from the stock’s previous close.
Several other research firms also recently commented on FTI. ValuEngine downgraded shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Friday, September 1st. UBS reaffirmed a “buy” rating and issued a $36.00 target price (down from $40.00) on shares of TechnipFMC plc Ordinary Share in a research note on Monday, July 31st. Goldman Sachs Group cut shares of TechnipFMC plc Ordinary Share from a “buy” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research report on Monday, November 13th. Barclays set a $28.00 price target on shares of TechnipFMC plc Ordinary Share and gave the company a “hold” rating in a research report on Thursday, October 26th. Finally, Royal Bank Of Canada set a $45.00 target price on shares of TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a report on Saturday, October 7th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.03.
Shares of TechnipFMC plc Ordinary Share (NYSE FTI) opened at $29.25 on Wednesday. TechnipFMC plc Ordinary Share has a 1-year low of $24.53 and a 1-year high of $37.09. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23. The firm has a market cap of $13,363.20, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 0.93 and a beta of 0.90.
TechnipFMC plc Ordinary Share (NYSE:FTI) last released its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.87 billion. The firm’s revenue for the quarter was up 74.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. equities analysts predict that TechnipFMC plc Ordinary Share will post 1.62 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can grew its position in shares of TechnipFMC plc Ordinary Share by 70.0% during the 3rd quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock worth $121,000 after buying an additional 1,783 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of TechnipFMC plc Ordinary Share during the 2nd quarter worth $161,000. Macquarie Group Ltd. purchased a new stake in shares of TechnipFMC plc Ordinary Share during the 3rd quarter worth $190,000. Bank of Nova Scotia Trust Co. purchased a new stake in shares of TechnipFMC plc Ordinary Share during the 3rd quarter worth $192,000. Finally, Conning Inc. lifted its stake in shares of TechnipFMC plc Ordinary Share by 2.7% during the 2nd quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 200 shares during the last quarter. 65.58% of the stock is currently owned by institutional investors.
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TechnipFMC plc Ordinary Share Company Profile
FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.
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