TechnipFMC plc (NYSE:FTI) Receives Consensus Rating of "Buy" from Analysts

TechnipFMC plc (NYSE:FTI - Get Free Report) has been assigned an average recommendation of "Buy" from the twelve analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $33.91.

Several equities research analysts have weighed in on the company. StockNews.com raised TechnipFMC from a "hold" rating to a "buy" rating in a research report on Friday, November 1st. TD Cowen reaffirmed a "buy" rating and issued a $37.00 price target on shares of TechnipFMC in a research note on Wednesday, November 27th. BMO Capital Markets increased their price objective on shares of TechnipFMC from $32.00 to $33.00 and gave the company a "market perform" rating in a report on Thursday, October 10th. Susquehanna increased their price objective on shares of TechnipFMC from $35.00 to $37.00 and gave the company a "positive" rating in a report on Friday, October 25th. Finally, Barclays increased their price objective on shares of TechnipFMC from $34.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, October 28th.

TechnipFMC Stock Performance

Shares of NYSE FTI traded up $0.21 during mid-day trading on Tuesday, hitting $31.52. The stock had a trading volume of 4,000,951 shares, compared to its average volume of 3,997,060. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The company has a 50 day moving average of $27.69 and a two-hundred day moving average of $26.66. TechnipFMC has a twelve month low of $18.33 and a twelve month high of $31.76. The firm has a market cap of $13.41 billion, a PE ratio of 20.74 and a beta of 1.54.

TechnipFMC (NYSE:FTI - Get Free Report) last released its earnings results on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.25. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the firm earned $0.21 EPS. The firm's revenue was up 14.2% on a year-over-year basis. Research analysts predict that TechnipFMC will post 1.58 EPS for the current fiscal year.

TechnipFMC declared that its Board of Directors has approved a stock buyback plan on Wednesday, October 23rd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the oil and gas company to reacquire up to 9.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

TechnipFMC Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.20 annualized dividend and a yield of 0.63%. TechnipFMC's dividend payout ratio is presently 13.16%.

Institutional Investors Weigh In On TechnipFMC

Several institutional investors have recently modified their holdings of FTI. Pacer Advisors Inc. purchased a new stake in shares of TechnipFMC during the 3rd quarter worth $185,643,000. Westfield Capital Management Co. LP purchased a new stake in shares of TechnipFMC during the 3rd quarter worth $49,273,000. Jennison Associates LLC lifted its position in shares of TechnipFMC by 95.0% during the 3rd quarter. Jennison Associates LLC now owns 2,360,587 shares of the oil and gas company's stock worth $61,918,000 after purchasing an additional 1,150,049 shares during the last quarter. Anomaly Capital Management LP lifted its position in shares of TechnipFMC by 50.3% during the 2nd quarter. Anomaly Capital Management LP now owns 3,419,833 shares of the oil and gas company's stock worth $89,429,000 after purchasing an additional 1,144,087 shares during the last quarter. Finally, Hardman Johnston Global Advisors LLC lifted its position in shares of TechnipFMC by 13.5% during the 3rd quarter. Hardman Johnston Global Advisors LLC now owns 9,015,711 shares of the oil and gas company's stock worth $236,482,000 after purchasing an additional 1,071,103 shares during the last quarter. 96.58% of the stock is owned by hedge funds and other institutional investors.

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.