HSBC upgraded shares of TechnipFMC (NYSE:FTI) from a reduce rating to a hold rating in a report published on Sunday morning. HSBC currently has $23.12 price objective on the oil and gas company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Societe Generale raised shares of TechnipFMC from a hold rating to a buy rating and set a $45.00 target price on the stock in a report on Wednesday, October 10th. JPMorgan Chase & Co. raised their target price on shares of TechnipFMC from $36.00 to $39.00 and gave the stock an overweight rating in a report on Monday, September 17th. Cowen reissued a buy rating and issued a $37.00 target price on shares of TechnipFMC in a report on Friday, October 12th. Jefferies Financial Group raised shares of TechnipFMC from a hold rating to a buy rating and set a $37.00 target price on the stock in a report on Thursday, August 16th. Finally, BMO Capital Markets reissued a hold rating on shares of TechnipFMC in a report on Tuesday, November 6th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $36.24.

Shares of FTI stock opened at $23.51 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.31. TechnipFMC has a one year low of $22.39 and a one year high of $35.00. The stock has a market cap of $10.77 billion, a PE ratio of 18.22, a P/E/G ratio of 1.62 and a beta of 1.08.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Wednesday, October 24th. The oil and gas company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.07). TechnipFMC had a return on equity of 3.76% and a net margin of 1.42%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.22 billion. As a group, analysts anticipate that TechnipFMC will post 1.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 5th. Shareholders of record on Tuesday, November 20th were issued a $0.13 dividend. The ex-dividend date was Monday, November 19th. This represents a $0.52 dividend on an annualized basis and a yield of 2.21%. TechnipFMC’s dividend payout ratio is currently 10.08%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its holdings in shares of TechnipFMC by 3.0% during the second quarter. Crossmark Global Holdings Inc. now owns 66,825 shares of the oil and gas company’s stock valued at $2,121,000 after buying an additional 1,970 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of TechnipFMC by 16.7% during the second quarter. Daiwa Securities Group Inc. now owns 16,183 shares of the oil and gas company’s stock valued at $514,000 after buying an additional 2,311 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of TechnipFMC by 270.1% during the second quarter. Pinebridge Investments L.P. now owns 3,775 shares of the oil and gas company’s stock valued at $120,000 after buying an additional 2,755 shares during the last quarter. Compagnie Lombard Odier SCmA raised its holdings in shares of TechnipFMC by 25.3% during the third quarter. Compagnie Lombard Odier SCmA now owns 14,881 shares of the oil and gas company’s stock valued at $469,000 after buying an additional 3,000 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of TechnipFMC by 0.8% during the second quarter. Rhumbline Advisers now owns 390,862 shares of the oil and gas company’s stock valued at $12,406,000 after buying an additional 3,149 shares during the last quarter. 64.83% of the stock is currently owned by institutional investors.

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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