FY2025 EPS Estimates for TechnipFMC plc (NYSE:FTI) Increased by Atb Cap Markets

TechnipFMC plc (NYSE:FTI – Get Rating) – Investment analysts at Atb Cap Markets upped their FY2025 EPS estimates for TechnipFMC in a research report issued to clients and investors on Sunday, May 21st. Atb Cap Markets analyst W. Syed now anticipates that the oil and gas company will earn $1.74 per share for the year, up from their previous estimate of $1.73. The consensus estimate for TechnipFMC’s current full-year earnings is $0.48 per share.

FTI has been the topic of several other reports. Citigroup upped their price objective on shares of TechnipFMC from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, February 28th. StockNews.com started coverage on shares of TechnipFMC in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. BTIG Research upped their price target on shares of TechnipFMC from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, February 24th. Piper Sandler decreased their price target on shares of TechnipFMC from $19.00 to $18.00 in a research note on Monday, May 1st. Finally, Cowen upped their price target on shares of TechnipFMC from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.10.

TechnipFMC Price Performance

NYSE:FTI opened at $14.35 on Wednesday. TechnipFMC has a one year low of $5.47 and a one year high of $16.03. The company has a market cap of $6.34 billion, a P/E ratio of -143.50 and a beta of 1.74. The firm’s fifty day moving average price is $13.46 and its two-hundred day moving average price is $13.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.20 and a quick ratio of 0.93.

TechnipFMC (NYSE:FTI – Get Rating) last released its quarterly earnings data on Thursday, February 23rd. The oil and gas company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.08). TechnipFMC had a negative net margin of 0.66% and a positive return on equity of 0.04%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the firm earned ($0.12) earnings per share. TechnipFMC’s revenue for the quarter was up 11.2% on a year-over-year basis.

Insiders Place Their Bets

In related news, Director Carvalho Filho Eleazar De sold 22,208 shares of TechnipFMC stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $15.10, for a total value of $335,340.80. Following the completion of the sale, the director now owns 107,092 shares of the company’s stock, valued at approximately $1,617,089.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.06% of the company’s stock.

Institutional Investors Weigh In On TechnipFMC

A number of hedge funds have recently made changes to their positions in the business. Toroso Investments LLC raised its stake in shares of TechnipFMC by 81.9% during the 1st quarter. Toroso Investments LLC now owns 26,030 shares of the oil and gas company’s stock worth $355,000 after purchasing an additional 11,720 shares during the period. Ameriprise Financial Inc. raised its stake in TechnipFMC by 8.2% in the 1st quarter. Ameriprise Financial Inc. now owns 20,771,068 shares of the oil and gas company’s stock valued at $283,566,000 after acquiring an additional 1,575,724 shares during the period. Rockefeller Capital Management L.P. raised its stake in TechnipFMC by 8.9% in the 1st quarter. Rockefeller Capital Management L.P. now owns 28,792 shares of the oil and gas company’s stock valued at $392,000 after acquiring an additional 2,359 shares during the period. Thrivent Financial for Lutherans raised its stake in TechnipFMC by 29.5% in the 1st quarter. Thrivent Financial for Lutherans now owns 3,579,919 shares of the oil and gas company’s stock valued at $48,866,000 after acquiring an additional 815,822 shares during the period. Finally, Castleark Management LLC raised its stake in TechnipFMC by 49.3% in the 1st quarter. Castleark Management LLC now owns 463,210 shares of the oil and gas company’s stock valued at $6,323,000 after acquiring an additional 152,870 shares during the period. 94.52% of the stock is currently owned by institutional investors.

About TechnipFMC

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TechnipFMC plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea and Surface Technologies. The Subsea segment designs and manufactures products and systems, performs engineering, procurement and project management, and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas.