TechnipFMC PLC (NYSE:FTI)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $7.86, but opened at $7.49. TechnipFMC shares last traded at $7.25, with a volume of 2,985,832 shares traded.

FTI has been the subject of several research reports. Wells Fargo & Co decreased their price target on shares of TechnipFMC from $18.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday, April 27th. Tudor Pickering lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. TheStreet lowered shares of TechnipFMC from a “c-” rating to a “d” rating in a research note on Monday, February 3rd. Jefferies Financial Group lowered shares of TechnipFMC from a “hold” rating to an “underperform” rating and reduced their price objective for the company from $7.00 to $6.00 in a research note on Thursday, May 14th. Finally, Morgan Stanley raised their price objective on shares of TechnipFMC from $8.00 to $9.30 and gave the company an “overweight” rating in a research note on Thursday, April 16th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.34.

The company has a quick ratio of 1.01, a current ratio of 1.14 and a debt-to-equity ratio of 1.09. The company has a market cap of $3.25 billion, a PE ratio of 16.88, a P/E/G ratio of 0.60 and a beta of 2.00. The business’s fifty day moving average is $7.78 and its 200-day moving average is $14.73.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Wednesday, April 22nd. The oil and gas company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.33). TechnipFMC had a negative net margin of 40.74% and a positive return on equity of 2.41%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the prior year, the firm earned $0.06 EPS. TechnipFMC’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts forecast that TechnipFMC PLC will post 0.54 EPS for the current fiscal year.

In related news, Director Olivier Piou acquired 10,000 shares of TechnipFMC stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $15.11 per share, for a total transaction of $151,100.00. Following the completion of the transaction, the director now directly owns 13,000 shares in the company, valued at approximately $196,430. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. raised its position in shares of TechnipFMC by 9.4% during the fourth quarter. First Mercantile Trust Co. now owns 7,655 shares of the oil and gas company’s stock valued at $164,000 after buying an additional 657 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in TechnipFMC in the fourth quarter worth $3,666,000. State of Michigan Retirement System increased its position in TechnipFMC by 0.7% in the fourth quarter. State of Michigan Retirement System now owns 101,600 shares of the oil and gas company’s stock worth $2,178,000 after purchasing an additional 700 shares during the last quarter. Shine Investment Advisory Services Inc. increased its position in TechnipFMC by 33.9% in the fourth quarter. Shine Investment Advisory Services Inc. now owns 2,772 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 702 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in TechnipFMC by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 184,692 shares of the oil and gas company’s stock worth $3,960,000 after purchasing an additional 903 shares during the last quarter. Hedge funds and other institutional investors own 83.25% of the company’s stock.

About TechnipFMC (NYSE:FTI)

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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