Analysts at Societe Generale assumed coverage on shares of TechnipFMC plc Ordinary Share (NYSE:FTI) in a research report issued on Thursday, November 16th, Marketbeat.com reports. The brokerage set a “buy” rating and a $38.00 price target on the oil and gas company’s stock. Societe Generale’s price target suggests a potential upside of 31.44% from the company’s previous close.
Other analysts have also recently issued reports about the company. Cowen set a $32.00 target price on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a report on Friday, October 6th. Citigroup upgraded TechnipFMC plc Ordinary Share from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $30.00 in a report on Monday, October 2nd. Piper Jaffray Companies reiterated a “buy” rating and set a $31.50 price target on shares of TechnipFMC plc Ordinary Share in a report on Tuesday, September 26th. Scotiabank set a $36.00 price target on TechnipFMC plc Ordinary Share and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, UBS reiterated a “buy” rating and set a $36.00 price target (down from $40.00) on shares of TechnipFMC plc Ordinary Share in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $33.03.
TechnipFMC plc Ordinary Share (FTI) opened at $28.91 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.14 and a debt-to-equity ratio of 0.23. TechnipFMC plc Ordinary Share has a 52 week low of $24.53 and a 52 week high of $37.09.
TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.87 billion. The business’s revenue was up 74.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share. equities analysts predict that TechnipFMC plc Ordinary Share will post 1.62 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in FTI. Sentry Investment Management LLC boosted its stake in shares of TechnipFMC plc Ordinary Share by 102.0% in the second quarter. Sentry Investment Management LLC now owns 19,163 shares of the oil and gas company’s stock valued at $521,000 after buying an additional 9,677 shares in the last quarter. Ninepoint Partners LP acquired a new position in TechnipFMC plc Ordinary Share during the third quarter worth $307,000. Zurich Insurance Group Ltd FI acquired a new position in TechnipFMC plc Ordinary Share during the second quarter worth $1,409,000. Nippon Life Insurance Co. raised its holdings in TechnipFMC plc Ordinary Share by 44.0% during the third quarter. Nippon Life Insurance Co. now owns 39,100 shares of the oil and gas company’s stock worth $1,092,000 after purchasing an additional 11,952 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in TechnipFMC plc Ordinary Share by 5.4% during the second quarter. Advisors Asset Management Inc. now owns 38,465 shares of the oil and gas company’s stock worth $1,046,000 after purchasing an additional 1,982 shares during the last quarter. Institutional investors own 65.57% of the company’s stock.
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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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