BMO Capital Markets reiterated their hold rating on shares of TechnipFMC (NYSE:FTI) in a research report released on Tuesday morning.
Other equities research analysts have also issued reports about the company. Morgan Stanley decreased their price target on TechnipFMC from $46.00 to $39.00 and set a buy rating for the company in a research note on Tuesday, October 30th. Credit Suisse Group decreased their price target on TechnipFMC from $38.00 to $29.00 and set a buy rating for the company in a research note on Monday, October 29th. Piper Jaffray Companies reissued a buy rating on shares of TechnipFMC in a research note on Monday, October 29th. Royal Bank of Canada set a $32.00 price target on TechnipFMC and gave the stock a buy rating in a research note on Friday, October 26th. Finally, Cowen reissued a buy rating and set a $37.00 price target on shares of TechnipFMC in a research note on Friday, October 12th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $36.21.
Shares of NYSE:FTI traded down $0.07 during trading on Tuesday, hitting $26.66. The company had a trading volume of 716,434 shares, compared to its average volume of 3,940,415. The firm has a market capitalization of $12.36 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.01 and a beta of 1.08. TechnipFMC has a one year low of $25.36 and a one year high of $35.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.32 and a quick ratio of 1.19.
TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Wednesday, October 24th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.07). The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.22 billion. TechnipFMC had a net margin of 1.42% and a return on equity of 3.76%. As a group, analysts expect that TechnipFMC will post 1.32 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, November 19th. This represents a $0.52 annualized dividend and a yield of 1.95%. TechnipFMC’s payout ratio is currently 20.16%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. increased its holdings in TechnipFMC by 3.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 66,825 shares of the oil and gas company’s stock worth $2,121,000 after purchasing an additional 1,970 shares during the period. Daiwa Securities Group Inc. increased its holdings in TechnipFMC by 16.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 16,183 shares of the oil and gas company’s stock worth $514,000 after purchasing an additional 2,311 shares during the period. AMG Funds LLC increased its holdings in TechnipFMC by 6.1% during the 2nd quarter. AMG Funds LLC now owns 43,422 shares of the oil and gas company’s stock worth $1,378,000 after purchasing an additional 2,500 shares during the period. AMG National Trust Bank increased its holdings in TechnipFMC by 2.3% during the 2nd quarter. AMG National Trust Bank now owns 119,206 shares of the oil and gas company’s stock worth $3,784,000 after purchasing an additional 2,649 shares during the period. Finally, Pinebridge Investments L.P. increased its holdings in TechnipFMC by 270.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 3,775 shares of the oil and gas company’s stock worth $120,000 after purchasing an additional 2,755 shares during the period. Institutional investors own 64.73% of the company’s stock.
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.
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