Susquehanna Bancshares set a $39.00 price target on TechnipFMC plc Ordinary Share (NYSE:FTI) in a report released on Friday morning. The brokerage currently has a buy rating on the oil and gas company’s stock.

Several other brokerages have also recently issued reports on FTI. HSBC reaffirmed a reduce rating and issued a $26.00 price objective on shares of TechnipFMC plc Ordinary Share in a research note on Wednesday, November 15th. Goldman Sachs Group cut shares of TechnipFMC plc Ordinary Share from a buy rating to a neutral rating and set a $30.00 price objective on the stock. in a research note on Monday, November 13th. Barclays set a $28.00 price objective on shares of TechnipFMC plc Ordinary Share and gave the stock a hold rating in a research note on Thursday, October 26th. Royal Bank of Canada set a $45.00 target price on shares of TechnipFMC plc Ordinary Share and gave the stock a buy rating in a research report on Saturday, October 7th. Finally, Citigroup raised shares of TechnipFMC plc Ordinary Share from a neutral rating to a buy rating and lifted their target price for the stock from $26.00 to $30.00 in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company. TechnipFMC plc Ordinary Share currently has an average rating of Hold and an average price target of $33.33.

Shares of TechnipFMC plc Ordinary Share (NYSE FTI) traded up $0.79 on Friday, hitting $34.80. 5,362,314 shares of the stock traded hands, compared to its average volume of 2,498,702. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22. TechnipFMC plc Ordinary Share has a 12 month low of $24.53 and a 12 month high of $36.14.

TechnipFMC plc Ordinary Share (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 Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The firm had revenue of $4.14 billion for the quarter, compared to the consensus estimate of $3.87 billion. TechnipFMC plc Ordinary Share’s revenue was up 74.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.22 earnings per share. research analysts forecast that TechnipFMC plc Ordinary Share will post 1.61 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in FTI. Great West Life Assurance Co. Can grew its position in TechnipFMC plc Ordinary Share by 70.0% during the third quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 1,783 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in TechnipFMC plc Ordinary Share during the second quarter valued at approximately $161,000. Macquarie Group Ltd. purchased a new position in TechnipFMC plc Ordinary Share during the third quarter valued at approximately $190,000. Bank of Nova Scotia Trust Co. purchased a new position in TechnipFMC plc Ordinary Share during the third quarter valued at approximately $192,000. Finally, Boothbay Fund Management LLC purchased a new position in TechnipFMC plc Ordinary Share during the third quarter valued at approximately $223,000. 65.55% of the stock is currently owned by hedge funds and other institutional investors.

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TechnipFMC plc Ordinary Share Company Profile

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 TechnipFMC plc Ordinary Share (NYSE:FTI)

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