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

Shares of TechnipFMC plc (NYSE:FTI - Get Free Report) have received an average rating of "Buy" from the thirteen brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $35.92.

Several equities research analysts have recently commented on FTI shares. Barclays lifted their price target on shares of TechnipFMC from $37.00 to $42.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. TD Cowen reiterated a "buy" rating and set a $37.00 target price on shares of TechnipFMC in a research report on Wednesday, November 27th. Hsbc Global Res upgraded TechnipFMC from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. BMO Capital Markets upped 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. Finally, Citigroup raised their target price on TechnipFMC from $34.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, November 14th.

TechnipFMC Price Performance

Shares of TechnipFMC stock traded down $0.12 during midday trading on Friday, reaching $29.04. The company had a trading volume of 2,175,425 shares, compared to its average volume of 3,980,332. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The stock has a fifty day simple moving average of $28.92 and a 200 day simple moving average of $27.26. TechnipFMC has a 1-year low of $18.33 and a 1-year high of $32.64. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 19.11 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 for the quarter, topping analysts' consensus estimates of $0.39 by $0.25. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. TechnipFMC had a return on equity of 20.11% and a net margin of 7.63%. The firm's quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, equities research analysts forecast that TechnipFMC will post 1.61 earnings per share for the current year.

TechnipFMC declared that its board has initiated a share buyback program on Wednesday, October 23rd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the oil and gas company to reacquire up to 9.2% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its shares are undervalued.

TechnipFMC Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Tuesday, November 19th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $0.20 annualized dividend and a yield of 0.69%. TechnipFMC's dividend payout ratio is currently 13.16%.

Institutional Trading of TechnipFMC

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of TechnipFMC by 203.6% during the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company's stock worth $29,000 after buying an additional 735 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of TechnipFMC during the 3rd quarter worth approximately $30,000. GAMMA Investing LLC raised its stake in shares of TechnipFMC by 59.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,858 shares of the oil and gas company's stock worth $49,000 after purchasing an additional 693 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in shares of TechnipFMC by 1,900.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 2,000 shares of the oil and gas company's stock valued at $52,000 after buying an additional 1,900 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of TechnipFMC in the third quarter valued at $56,000. 96.58% of the stock is currently owned by institutional investors.

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.