TheStreet upgraded shares of TechnipFMC (NYSE:FTI) from a c+ rating to a b- rating in a research note released on Wednesday morning, TheStreetRatingsTable reports.

A number of other equities analysts also recently weighed in on FTI. HSBC set a €10.10 ($11.74) price target on Deutz and gave the stock a buy rating in a research report on Friday, March 22nd. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Piper Jaffray Companies reissued a buy rating and set a $29.00 price target on shares of TechnipFMC in a research report on Monday, April 29th. Wells Fargo & Co boosted their price target on TechnipFMC from $26.00 to $28.00 and gave the stock an outperform rating in a research report on Tuesday, April 9th. Finally, Cowen reissued an outperform rating and set a $69.00 price target (up previously from $67.00) on shares of Delta Air Lines in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seventeen have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $31.11.

Shares of NYSE FTI opened at $25.78 on Wednesday. The stock’s 50 day simple moving average is $23.58. The firm has a market capitalization of $11.55 billion, a P/E ratio of 31.44, a PEG ratio of 3.43 and a beta of 1.45. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 0.44. TechnipFMC has a twelve month low of $18.20 and a twelve month high of $33.60.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.24). The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $3.13 billion. TechnipFMC had a positive return on equity of 2.23% and a negative net margin of 16.17%. TechnipFMC’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Equities analysts forecast that TechnipFMC will post 1.24 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Icon Wealth Partners LLC bought a new stake in shares of TechnipFMC during the first quarter worth approximately $28,000. Moody National Bank Trust Division boosted its stake in shares of TechnipFMC by 802.0% in the first quarter. Moody National Bank Trust Division now owns 1,353 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 1,203 shares during the period. CSat Investment Advisory L.P. boosted its stake in shares of TechnipFMC by 149.9% in the fourth quarter. CSat Investment Advisory L.P. now owns 1,447 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 868 shares during the period. Royal London Asset Management Ltd. bought a new stake in shares of TechnipFMC in the first quarter valued at approximately $37,000. Finally, Nisa Investment Advisors LLC boosted its stake in shares of TechnipFMC by 6.5% in the first quarter. Nisa Investment Advisors LLC now owns 8,400 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 514 shares during the period. Institutional investors own 72.28% of the company’s stock.

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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