TechnipFMC (FTI) Cut to Sell at ValuEngine

TechnipFMC (NYSE:FTI) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Several other equities research analysts also recently issued reports on FTI. Cowen reissued a “buy” rating on shares of TechnipFMC in a research note on Monday. Susquehanna Bancshares reissued a “buy” rating on shares of TechnipFMC in a research note on Friday, November 30th. Jefferies Financial Group raised TechnipFMC from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Thursday, August 16th. Guggenheim reissued a “buy” rating on shares of TechnipFMC in a research note on Thursday, November 8th. Finally, HSBC raised TechnipFMC from a “reduce” rating to a “hold” rating in a research note on Monday, November 26th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $36.24.

TechnipFMC stock traded down $1.82 during mid-day trading on Thursday, hitting $21.69. The company’s stock had a trading volume of 10,755,800 shares, compared to its average volume of 3,522,875. The company has a market cap of $10.97 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.56 and a beta of 1.08. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. TechnipFMC has a 52-week low of $21.32 and a 52-week high of $35.00.

TechnipFMC (NYSE:FTI) last announced 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 business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.22 billion. TechnipFMC had a return on equity of 3.76% and a net margin of 1.42%. On average, equities analysts forecast that TechnipFMC will post 1.31 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Daiwa Securities Group Inc. raised its stake in shares of 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 in the last quarter. Pinebridge Investments L.P. raised its stake in shares of 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 in the last quarter. Compagnie Lombard Odier SCmA raised its stake in shares of TechnipFMC by 25.3% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 14,881 shares of the oil and gas company’s stock worth $469,000 after purchasing an additional 3,000 shares in the last quarter. Rhumbline Advisers raised its stake in shares of TechnipFMC by 0.8% during the 2nd quarter. Rhumbline Advisers now owns 390,862 shares of the oil and gas company’s stock worth $12,406,000 after purchasing an additional 3,149 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of TechnipFMC by 7.9% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 46,245 shares of the oil and gas company’s stock worth $1,467,000 after purchasing an additional 3,383 shares in the last quarter. 64.83% of the stock is owned by institutional investors.

TechnipFMC Company Profile

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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