TechnipFMC (NYSE:FTI) Given New $34.00 Price Target at Barclays

TechnipFMC (NYSE:FTI) had its price target upped by Barclays from $33.00 to $34.00 in a report released on Monday, Benzinga reports. The firm currently has an overweight rating on the oil and gas company’s stock.

FTI has been the topic of several other reports. Susquehanna raised their price objective on shares of TechnipFMC from $27.00 to $34.00 and gave the stock a positive rating in a research report on Friday. TD Cowen raised their price target on TechnipFMC from $30.00 to $32.00 and gave the stock a buy rating in a report on Friday. StockNews.com upgraded TechnipFMC from a hold rating to a buy rating in a research note on Sunday. Benchmark restated a buy rating and set a $30.00 price target on shares of TechnipFMC in a research note on Friday. Finally, HSBC cut shares of TechnipFMC from a buy rating to a hold rating and set a $23.60 price objective on the stock. in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $26.14.

TechnipFMC Stock Up 0.1 %

TechnipFMC stock opened at $26.61 on Monday. The company has a market capitalization of $11.63 billion, a P/E ratio of 56.62 and a beta of 1.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.87 and a current ratio of 1.16. TechnipFMC has a fifty-two week low of $12.64 and a fifty-two week high of $27.26. The stock has a 50-day simple moving average of $24.35 and a 200-day simple moving average of $21.61.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. TechnipFMC had a return on equity of 9.60% and a net margin of 2.61%. The company’s quarterly revenue was up 18.9% on a year-over-year basis. Equities research analysts expect that TechnipFMC will post 1.15 earnings per share for the current year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Tuesday, May 21st will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, May 20th. This represents a $0.20 annualized dividend and a yield of 0.75%. TechnipFMC’s dividend payout ratio is presently 42.55%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On TechnipFMC

A number of institutional investors and hedge funds have recently bought and sold shares of FTI. Parkside Financial Bank & Trust purchased a new stake in shares of TechnipFMC in the third quarter valued at $29,000. Johnson Financial Group Inc. acquired a new position in TechnipFMC in the 4th quarter valued at about $33,000. Quarry LP lifted its holdings in TechnipFMC by 76.6% in the 4th quarter. Quarry LP now owns 1,770 shares of the oil and gas company’s stock valued at $36,000 after purchasing an additional 768 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of TechnipFMC during the 4th quarter worth about $45,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of TechnipFMC by 367.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas company’s stock worth $89,000 after purchasing an additional 2,790 shares during the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

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.