Shares of TechnipFMC PLC (NYSE:FTI) have been given a consensus rating of “Buy” by the twenty-four brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $31.15.

A number of equities analysts have commented on FTI shares. Goldman Sachs Group started coverage on TechnipFMC in a research note on Sunday, March 10th. They issued a “buy” rating on the stock. ValuEngine cut TechnipFMC from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Barclays decreased their price target on TechnipFMC from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 15th. Morgan Stanley set a $31.00 price target on TechnipFMC and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, Wells Fargo & Co set a $26.00 price target on TechnipFMC and gave the stock a “buy” rating in a research note on Friday, February 22nd.

Shares of NYSE FTI traded down $0.66 during trading hours on Thursday, reaching $20.80. 5,052,860 shares of the stock traded hands, compared to its average volume of 3,313,800. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of 25.37, a P/E/G ratio of 2.74 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 0.44. TechnipFMC has a 52-week low of $18.20 and a 52-week high of $33.60.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.24). The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $3.13 billion. TechnipFMC had a negative net margin of 16.17% and a positive return on equity of 2.23%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. On average, analysts forecast that TechnipFMC will post 1.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, May 20th.

Several hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in TechnipFMC during the fourth quarter valued at $210,592,000. Amundi Pioneer Asset Management Inc. increased its position in TechnipFMC by 69.0% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 19,834,598 shares of the oil and gas company’s stock valued at $388,362,000 after acquiring an additional 8,097,644 shares during the last quarter. Aviva PLC increased its position in TechnipFMC by 106.1% during the fourth quarter. Aviva PLC now owns 10,029,403 shares of the oil and gas company’s stock valued at $202,577,000 after acquiring an additional 5,162,133 shares during the last quarter. Pzena Investment Management LLC increased its position in TechnipFMC by 141.3% during the first quarter. Pzena Investment Management LLC now owns 4,977,275 shares of the oil and gas company’s stock valued at $117,066,000 after acquiring an additional 2,914,800 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in TechnipFMC by 1,834.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 926,996 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 879,078 shares during the last quarter. Hedge funds and other institutional investors own 72.36% of the company’s stock.

About TechnipFMC

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.

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Analyst Recommendations for TechnipFMC (NYSE:FTI)

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