TechnipFMC (NYSE:FTI) Downgraded by StockNews.com

TechnipFMC (NYSE:FTI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other research firms have also commented on FTI. Benchmark reiterated a “buy” rating and set a $30.00 price target (up previously from $25.00) on shares of TechnipFMC in a report on Monday, April 1st. HSBC cut TechnipFMC from a “buy” rating to a “hold” rating and set a $23.60 price objective on the stock. in a report on Friday, February 23rd. TD Cowen raised their target price on TechnipFMC from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Susquehanna reaffirmed a “positive” rating and issued a $27.00 price target on shares of TechnipFMC in a research note on Monday, April 8th. Finally, Barclays boosted their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $25.34.

TechnipFMC Trading Up 0.2 %

Shares of FTI stock opened at $25.22 on Friday. TechnipFMC has a fifty-two week low of $12.64 and a fifty-two week high of $27.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 1.16. The stock’s fifty day moving average is $23.54 and its two-hundred day moving average is $21.32. The firm has a market capitalization of $11.02 billion, a P/E ratio of 210.14 and a beta of 1.65.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings results on Thursday, February 22nd. The oil and gas company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.90 billion. TechnipFMC had a net margin of 0.72% and a return on equity of 6.37%. The company’s revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the firm posted ($0.05) earnings per share. Research analysts expect that TechnipFMC will post 1.15 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 dated Friday, February 23rd. The stock was 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Oak Harvest Investment Services acquired a new position in TechnipFMC during the first quarter worth $1,186,000. Norden Group LLC lifted its holdings in TechnipFMC by 2,899.1% in the first quarter. Norden Group LLC now owns 378,900 shares of the oil and gas company’s stock valued at $9,514,000 after acquiring an additional 366,266 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of TechnipFMC by 43.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 8,405 shares of the oil and gas company’s stock worth $211,000 after purchasing an additional 2,543 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of TechnipFMC by 56.7% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,954,356 shares of the oil and gas company’s stock worth $74,184,000 after purchasing an additional 1,068,788 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of TechnipFMC in the 1st quarter valued at about $654,000. 96.58% of the stock is currently 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.