Brokerages Set TechnipFMC plc (NYSE:FTI) Price Target at $38.92

TechnipFMC plc (NYSE:FTI) has earned a consensus rating of “Moderate Buy” from the seventeen research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $39.2143.

FTI has been the subject of several recent analyst reports. BTIG Research lowered TechnipFMC from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. Royal Bank Of Canada lifted their price objective on TechnipFMC from $37.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Wall Street Zen upgraded TechnipFMC from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of TechnipFMC in a research report on Saturday, September 27th. Finally, Susquehanna lifted their price objective on TechnipFMC from $40.00 to $45.00 and gave the stock a “positive” rating in a research report on Friday, July 25th.

Insider Buying and Selling

In other news, CEO Douglas J. Pferdehirt sold 632,539 shares of TechnipFMC stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $38.62, for a total transaction of $24,428,656.18. Following the transaction, the chief executive officer owned 2,917,054 shares in the company, valued at $112,656,625.48. The trade was a 17.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Alf Melin sold 113,760 shares of TechnipFMC stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $38.61, for a total value of $4,392,273.60. Following the transaction, the chief financial officer owned 241,140 shares in the company, valued at $9,310,415.40. This trade represents a 32.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 885,984 shares of company stock worth $34,180,811 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TechnipFMC

Several institutional investors have recently modified their holdings of FTI. New York State Teachers Retirement System acquired a new stake in TechnipFMC in the 1st quarter valued at approximately $33,000. Geneos Wealth Management Inc. raised its position in TechnipFMC by 45.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,090 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 340 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in TechnipFMC in the 2nd quarter valued at approximately $44,000. Financial Network Wealth Advisors LLC raised its position in TechnipFMC by 29.7% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,511 shares of the oil and gas company’s stock valued at $48,000 after buying an additional 346 shares during the last quarter. Finally, Ossiam raised its position in TechnipFMC by 52.0% in the 2nd quarter. Ossiam now owns 1,597 shares of the oil and gas company’s stock valued at $55,000 after buying an additional 546 shares during the last quarter. Institutional investors own 96.58% of the company’s stock.

TechnipFMC Stock Down 1.0%

Shares of FTI stock opened at $38.02 on Monday. The stock has a market cap of $15.63 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 1.22 and a beta of 1.04. TechnipFMC has a one year low of $22.11 and a one year high of $41.29. The stock has a fifty day moving average price of $37.51 and a 200 day moving average price of $33.25. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 0.86.

TechnipFMC (NYSE:FTI) last issued its earnings results on Thursday, July 24th. The oil and gas company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.57 by $0.11. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.49 billion. TechnipFMC had a return on equity of 29.42% and a net margin of 9.60%.TechnipFMC’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. TechnipFMC has set its FY 2025 guidance at EPS. Analysts predict that TechnipFMC will post 1.63 earnings per share for the current year.

TechnipFMC Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 19th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, August 19th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. TechnipFMC’s dividend payout ratio (DPR) is 9.43%.

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.