TechnipFMC (FTI) – Investment Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for TechnipFMC (NYSE: FTI):

• 12/19/2024 – TechnipFMC is now covered by analysts at Piper Sandler. They set an “overweight” rating and a $39.00 price target on the stock.
• 12/18/2024 – TechnipFMC had its price target raised by analysts at Barclays PLC from $37.00 to $42.00. They now have an “overweight” rating on the stock.
• 12/13/2024 – TechnipFMC is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $38.00 price target on the stock.
• 12/6/2024 – TechnipFMC was upgraded by analysts at Jefferies Financial Group Inc. from a “hold” rating to a “buy” rating. They now have a $40.00 price target on the stock, up previously from $29.00.
• 11/27/2024 – TechnipFMC had its “buy” rating reaffirmed by analysts at TD Cowen. They now have a $37.00 price target on the stock.
• 11/18/2024 – TechnipFMC is now covered by analysts at Royal Bank of Canada. They set an “outperform” rating and a $37.00 price target on the stock.
• 11/14/2024 – TechnipFMC had its price target raised by analysts at Citigroup Inc. from $34.00 to $35.00. They now have a “buy” rating on the stock.
• 11/1/2024 – TechnipFMC was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/29/2024 – TechnipFMC was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating.
• 10/29/2024 – TechnipFMC was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock.
• 10/28/2024 – TechnipFMC had its price target raised by analysts at Barclays PLC from $34.00 to $37.00. They now have an “overweight” rating on the stock.
• 10/25/2024 – TechnipFMC had its price target raised by analysts at Susquehanna from $35.00 to $37.00. They now have a “positive” rating on the stock.
• 10/25/2024 – TechnipFMC had its price target raised by analysts at TD Cowen from $35.00 to $37.00. They now have a “buy” rating on the stock.

TechnipFMC Stock Up 0.9 %

NYSE FTI traded up $0.27 on Tuesday, reaching $29.09. The company had a trading volume of 1,763,271 shares, compared to its average volume of 3,997,503. The firm has a 50-day moving average of $28.69 and a 200-day moving average of $27.16. The firm has a market capitalization of $12.38 billion, a PE ratio of 19.14 and a beta of 1.54. TechnipFMC plc has a 1 year low of $18.33 and a 1 year high of $32.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.14 and a quick ratio of 0.89.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.39 by $0.25. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. On average, equities research analysts anticipate that TechnipFMC plc will post 1.61 EPS for the current fiscal year.

TechnipFMC Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Tuesday, November 19th. TechnipFMC’s payout ratio is currently 13.16%.

Institutional Investors Weigh In On TechnipFMC

Institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in TechnipFMC by 203.6% in the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 735 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of TechnipFMC in the third quarter worth approximately $30,000. GAMMA Investing LLC boosted its holdings in shares of TechnipFMC by 59.5% during the third 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 during the period. Crewe Advisors LLC purchased a new position in TechnipFMC during the second quarter valued at approximately $51,000. Finally, Toth Financial Advisory Corp increased its stake in 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 period. 96.58% of the stock is currently owned by institutional investors and hedge funds.

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.