TechnipFMC (NYSE:FTI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of TechnipFMC (NYSE:FTI - Free Report) from a hold rating to a buy rating in a research report released on Friday.

FTI has been the topic of a number of other research reports. HSBC upgraded TechnipFMC from a "hold" rating to a "buy" rating and set a $32.00 price target on the stock in a research note on Tuesday. Citigroup increased their price objective on TechnipFMC from $31.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, July 10th. TD Cowen increased their price objective on TechnipFMC from $35.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Hsbc Global Res upgraded TechnipFMC from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Finally, Barclays increased their price objective on TechnipFMC from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, TechnipFMC has a consensus rating of "Moderate Buy" and an average price target of $32.41.

TechnipFMC Stock Down 1.5 %

NYSE:FTI traded down $0.41 during trading hours on Friday, reaching $26.28. 2,408,788 shares of the stock were exchanged, compared to its average volume of 4,069,478. TechnipFMC has a twelve month low of $18.33 and a twelve month high of $29.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89. The firm has a 50 day moving average of $26.12 and a 200 day moving average of $26.19. The stock has a market cap of $11.18 billion, a PE ratio of 17.29 and a beta of 1.50.

TechnipFMC (NYSE:FTI - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.25. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The company had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The business's revenue was up 14.2% compared to the same quarter last year. On average, equities analysts expect that TechnipFMC will post 1.42 earnings per share for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Tuesday, November 19th. TechnipFMC's dividend payout ratio (DPR) is presently 13.16%.

TechnipFMC announced that its board has authorized a stock repurchase plan on Wednesday, October 23rd that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the oil and gas company to purchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Institutional Trading of TechnipFMC

Several large investors have recently bought and sold shares of the business. Edgestream Partners L.P. acquired a new stake in shares of TechnipFMC during the first quarter valued at about $965,000. Atria Investments Inc acquired a new stake in shares of TechnipFMC during the first quarter valued at about $1,684,000. Raymond James & Associates boosted its stake in shares of TechnipFMC by 12.0% during the second quarter. Raymond James & Associates now owns 339,386 shares of the oil and gas company's stock valued at $8,875,000 after purchasing an additional 36,326 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of TechnipFMC during the first quarter valued at about $848,000. Finally, 1832 Asset Management L.P. boosted its stake in shares of TechnipFMC by 70.6% during the first quarter. 1832 Asset Management L.P. now owns 54,735 shares of the oil and gas company's stock valued at $1,374,000 after purchasing an additional 22,645 shares in the last quarter. 96.58% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Company Profile

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.