TechnipFMC plc (NYSE:FTI) Given Consensus Rating of "Buy" by Brokerages

TechnipFMC plc (NYSE:FTI - Get Free Report) has been given an average recommendation of "Buy" by the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $33.30.

A number of brokerages have weighed in on FTI. Susquehanna lifted their price target on shares of TechnipFMC from $35.00 to $37.00 and gave the company a "positive" rating in a research note on Friday, October 25th. BMO Capital Markets raised their price objective on TechnipFMC from $32.00 to $33.00 and gave the company a "market perform" rating in a report on Thursday, October 10th. StockNews.com raised TechnipFMC from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Barclays upped their price target on shares of TechnipFMC from $34.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, October 28th. Finally, TD Cowen boosted their price objective on shares of TechnipFMC from $35.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, October 25th.

Institutional Trading of TechnipFMC

A number of institutional investors have recently modified their holdings of FTI. Allspring Global Investments Holdings LLC lifted its holdings 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 acquiring an additional 2,543 shares during the period. Norden Group LLC increased its stake in shares of TechnipFMC by 99.9% in the 1st quarter. Norden Group LLC now owns 25,260 shares of the oil and gas company's stock valued at $634,000 after purchasing an additional 12,626 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in TechnipFMC in the first quarter valued at about $205,000. Whittier Trust Co. acquired a new position in TechnipFMC during the first quarter worth about $29,000. Finally, GSA Capital Partners LLP bought a new position in TechnipFMC in the 1st quarter valued at approximately $656,000. 96.58% of the stock is currently owned by institutional investors.

TechnipFMC Trading Up 0.7 %

Shares of NYSE:FTI traded up $0.21 during trading on Friday, hitting $28.77. 1,953,220 shares of the company's stock were exchanged, compared to its average volume of 4,031,113. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. TechnipFMC has a 1-year low of $18.33 and a 1-year high of $29.85. The firm has a 50-day moving average price of $26.18 and a two-hundred day moving average price of $26.25. The firm has a market cap of $12.24 billion, a P/E ratio of 18.79 and a beta of 1.51.

TechnipFMC (NYSE:FTI - Get Free Report) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.39 by $0.25. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Equities analysts predict that TechnipFMC will post 1.44 earnings per share for the current year.

TechnipFMC Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 19th. TechnipFMC's dividend payout ratio is currently 13.16%.

TechnipFMC declared that its board has approved a stock buyback 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 repurchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

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.