Susquehanna Reiterates Positive Rating for TechnipFMC (NYSE:FTI)

TechnipFMC (NYSE:FTI)‘s stock had its “positive” rating reissued by equities research analysts at Susquehanna in a report issued on Monday, Benzinga reports. They currently have a $27.00 price target on the oil and gas company’s stock. Susquehanna’s price target suggests a potential upside of 3.13% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Benchmark reissued a “buy” rating and issued a $30.00 price target (up previously from $25.00) on shares of TechnipFMC in a research note on Monday, April 1st. TD Cowen upped their price target on shares of TechnipFMC from $26.00 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Barclays lifted their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 target price for the company. in a report on Friday, February 23rd. Finally, StockNews.com raised TechnipFMC from a “hold” rating to a “buy” rating in a research report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, TechnipFMC has an average rating of “Moderate Buy” and an average target price of $25.11.

TechnipFMC Stock Down 1.7 %

FTI stock opened at $26.18 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.16 and a quick ratio of 0.92. The firm has a market cap of $11.44 billion, a PE ratio of 218.18 and a beta of 1.65. TechnipFMC has a 12 month low of $12.64 and a 12 month high of $27.16. The firm has a 50 day simple moving average of $22.49 and a 200 day simple moving average of $21.05.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, February 22nd. The oil and gas company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.90 billion. TechnipFMC had a return on equity of 6.37% and a net margin of 0.72%. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.05) EPS. Equities research analysts forecast that TechnipFMC will post 1.16 earnings per share for the current fiscal year.

Insider Activity at TechnipFMC

In related news, Director Carvalho Filho Eleazar De sold 12,491 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $21.20, for a total transaction of $264,809.20. Following the transaction, the director now owns 103,982 shares of the company’s stock, valued at $2,204,418.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.93% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TechnipFMC

Hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of TechnipFMC by 11.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,933,447 shares of the oil and gas company’s stock worth $718,398,000 after acquiring an additional 5,888,998 shares in the last quarter. Vanguard Group Inc. grew its holdings in TechnipFMC by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 39,914,980 shares of the oil and gas company’s stock valued at $803,888,000 after purchasing an additional 126,247 shares during the last quarter. BlackRock Inc. raised its position in shares of TechnipFMC by 87.8% in the second quarter. BlackRock Inc. now owns 19,869,072 shares of the oil and gas company’s stock valued at $330,224,000 after purchasing an additional 9,287,344 shares during the period. Invesco Ltd. lifted its stake in shares of TechnipFMC by 75.7% in the third quarter. Invesco Ltd. now owns 12,969,978 shares of the oil and gas company’s stock worth $263,809,000 after buying an additional 5,587,050 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of TechnipFMC by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,214,539 shares of the oil and gas company’s stock worth $207,764,000 after buying an additional 593,828 shares during the period. 96.58% of the stock is owned by institutional investors and hedge funds.

About TechnipFMC

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.