Cowen Lowers TechnipFMC (NYSE:FTI) Price Target to $14.00

TechnipFMC (NYSE:FTIGet Rating) had its price objective lowered by Cowen from $15.00 to $14.00 in a research report issued on Thursday, The Fly reports. Cowen’s target price would suggest a potential upside of 109.58% from the stock’s current price.

Several other research firms have also recently issued reports on FTI. Kepler Capital Markets upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Monday, February 28th. Societe Generale upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and boosted their target price for the company from $7.57 to $10.00 in a research note on Tuesday, April 19th. Finally, StockNews.com began coverage on shares of TechnipFMC in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $10.83.

FTI opened at $6.68 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.43 and a quick ratio of 1.13. The firm has a fifty day moving average price of $7.72 and a 200 day moving average price of $7.17. TechnipFMC has a 1 year low of $5.55 and a 1 year high of $9.63. The stock has a market cap of $3.02 billion, a P/E ratio of -7.26 and a beta of 1.88.

TechnipFMC (NYSE:FTIGet Rating) last posted its earnings results on Wednesday, April 27th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). TechnipFMC had a negative net margin of 6.58% and a negative return on equity of 3.41%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the firm earned ($0.03) earnings per share. Equities analysts expect that TechnipFMC will post 0.13 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Pzena Investment Management LLC grew its holdings in shares of TechnipFMC by 29.6% during the first quarter. Pzena Investment Management LLC now owns 27,285,730 shares of the oil and gas company’s stock worth $211,464,000 after buying an additional 6,235,651 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of TechnipFMC by 51.1% during the first quarter. Van ECK Associates Corp now owns 23,010,341 shares of the oil and gas company’s stock worth $178,330,000 after buying an additional 7,779,683 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TechnipFMC by 21.7% during the first quarter. Dimensional Fund Advisors LP now owns 16,550,376 shares of the oil and gas company’s stock worth $128,266,000 after buying an additional 2,955,585 shares in the last quarter. BlackRock Inc. grew its holdings in shares of TechnipFMC by 11.6% during the first quarter. BlackRock Inc. now owns 9,915,455 shares of the oil and gas company’s stock worth $76,845,000 after buying an additional 1,029,472 shares in the last quarter. Finally, Brandes Investment Partners LP grew its holdings in shares of TechnipFMC by 102.1% in the first quarter. Brandes Investment Partners LP now owns 9,487,922 shares of the oil and gas company’s stock valued at $73,531,000 after purchasing an additional 4,793,422 shares during the period. 88.53% of the stock is owned by institutional investors and hedge funds.

TechnipFMC Company Profile (Get Rating)

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. 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.

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