TechnipFMC (NYSE:FTI) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Wednesday, TheStreetRatingsTable reports.
Several other brokerages also recently commented on FTI. Piper Jaffray Companies reaffirmed a “buy” rating and set a $29.00 price objective on shares of TechnipFMC in a research note on Monday, April 29th. AltaCorp Capital reiterated a “sector perform” rating on shares of STEP Energy Services in a report on Thursday, June 20th. HSBC set a €10.10 ($11.74) target price on Deutz and gave the stock a “buy” rating in a report on Friday, March 22nd. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Barclays reiterated a “hold” rating on shares of Mettler-Toledo International in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $31.11.
TechnipFMC stock traded up $0.05 during mid-day trading on Wednesday, hitting $25.60. 19,498 shares of the company’s stock were exchanged, compared to its average volume of 2,972,040. The firm has a market capitalization of $11.32 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 3.40 and a beta of 1.45. TechnipFMC has a fifty-two week low of $18.20 and a fifty-two week high of $33.60. The company has a quick ratio of 1.03, a current ratio of 1.17 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $23.51.
TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.24). The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3.13 billion. TechnipFMC had a positive return on equity of 2.23% and a negative net margin of 16.17%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. On average, sell-side analysts anticipate that TechnipFMC will post 1.24 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in FTI. CSat Investment Advisory L.P. grew its holdings in shares of TechnipFMC by 149.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,447 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 868 shares in the last quarter. Icon Wealth Partners LLC bought a new position in shares of TechnipFMC in the 1st quarter valued at about $28,000. Moody National Bank Trust Division grew its holdings in shares of TechnipFMC by 802.0% in the 1st quarter. Moody National Bank Trust Division now owns 1,353 shares of the oil and gas company’s stock valued at $32,000 after acquiring an additional 1,203 shares in the last quarter. Royal London Asset Management Ltd. bought a new position in shares of TechnipFMC in the 1st quarter valued at about $37,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of TechnipFMC by 6.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,400 shares of the oil and gas company’s stock valued at $198,000 after acquiring an additional 514 shares in the last quarter. Institutional investors own 72.28% of the company’s stock.
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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