HSBC Holdings PLC reissued their reduce rating on shares of FMC Technologies, Inc. (NYSE:FTI) in a research report released on Wednesday morning, Marketbeat reports. The brokerage currently has a $26.00 price objective on the oil and gas company’s stock.

A number of other equities analysts also recently weighed in on FTI. BidaskClub downgraded shares of FMC Technologies from a sell rating to a strong sell rating in a research note on Tuesday, August 8th. Citigroup Inc. raised shares of FMC Technologies from a neutral rating to a buy rating and increased their price target for the stock from $26.00 to $30.00 in a research note on Monday, October 2nd. The Goldman Sachs Group, Inc. downgraded shares of FMC Technologies from a buy rating to a neutral rating and set a $30.00 price target on the stock. in a research note on Monday, November 13th. UBS AG reaffirmed a buy rating and set a $36.00 price target (down previously from $40.00) on shares of FMC Technologies in a research note on Monday, July 31st. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $31.50 price target on shares of FMC Technologies in a research note on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $33.83.

Shares of FMC Technologies (NYSE:FTI) traded up $0.08 on Wednesday, hitting $26.62. 2,340,000 shares of the company traded hands, compared to its average volume of 3,750,000. The company has a quick ratio of 1.14, a current ratio of 1.22 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $12,380.00 and a P/E ratio of 21.73. FMC Technologies has a fifty-two week low of $24.53 and a fifty-two week high of $36.14.

FMC Technologies (NYSE:FTI) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.07). The company had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. The business’s revenue for the quarter was up 74.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. equities research analysts expect that FMC Technologies will post 1.61 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.95%. The ex-dividend date is Monday, November 20th.

A number of hedge funds have recently made changes to their positions in FTI. First Eagle Investment Management LLC grew its holdings in FMC Technologies by 53.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 30,585,688 shares of the oil and gas company’s stock worth $831,931,000 after acquiring an additional 10,617,891 shares in the last quarter. Janus Henderson Group PLC grew its holdings in FMC Technologies by 19,636.0% during the 2nd quarter. Janus Henderson Group PLC now owns 3,496,027 shares of the oil and gas company’s stock worth $95,090,000 after acquiring an additional 3,478,313 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in FMC Technologies by 90.3% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,638,820 shares of the oil and gas company’s stock worth $98,976,000 after acquiring an additional 1,726,320 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in FMC Technologies during the 3rd quarter worth $45,311,000. Finally, Platinum Investment Management Ltd. grew its holdings in FMC Technologies by 29.6% during the 2nd quarter. Platinum Investment Management Ltd. now owns 7,016,100 shares of the oil and gas company’s stock worth $190,837,000 after acquiring an additional 1,604,400 shares in the last quarter. 66.88% of the stock is owned by institutional investors.

About FMC Technologies

FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.

Analyst Recommendations for FMC Technologies (NYSE:FTI)

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