TechnipFMC plc Ordinary Share (NYSE:FTI) has been given a $35.00 target price by analysts at Cowen in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the oil and gas company’s stock. Cowen’s price target would suggest a potential upside of 26.77% from the company’s previous close.

Several other equities analysts have also recently commented on FTI. Royal Bank of Canada raised TechnipFMC plc Ordinary Share from a “sector perform” rating to an “outperform” rating and set a $37.00 price target for the company in a report on Friday, August 25th. ValuEngine cut TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Friday, September 1st. started coverage on TechnipFMC plc Ordinary Share in a report on Monday, September 11th. They issued a “hold” rating and a $26.00 price target for the company. Citigroup cut their price target on TechnipFMC plc Ordinary Share from $34.60 to $29.40 and set a “neutral” rating for the company in a report on Monday, September 18th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $31.50 price target on shares of TechnipFMC plc Ordinary Share in a report on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $33.18.

TechnipFMC plc Ordinary Share (NYSE:FTI) traded down $1.00 during trading on Wednesday, reaching $27.61. The company’s stock had a trading volume of 3,451,900 shares, compared to its average volume of 4,069,642. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.14 and a current ratio of 1.22. The firm has a market cap of $13,349.20, a PE ratio of 22.89, a price-to-earnings-growth ratio of 0.94 and a beta of 0.90. TechnipFMC plc Ordinary Share has a 12-month low of $24.53 and a 12-month high of $37.09.

TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its quarterly earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.07). The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.87 billion. The firm’s quarterly revenue was up 74.3% on a year-over-year basis. During the same period last year, the business posted $0.22 earnings per share. sell-side analysts expect that TechnipFMC plc Ordinary Share will post 1.61 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GeoSphere Capital Management bought a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter worth approximately $1,396,000. Moors & Cabot Inc. grew its position in TechnipFMC plc Ordinary Share by 21.5% during the 3rd quarter. Moors & Cabot Inc. now owns 22,945 shares of the oil and gas company’s stock worth $640,000 after acquiring an additional 4,055 shares during the last quarter. Sterling Capital Management LLC grew its position in TechnipFMC plc Ordinary Share by 6.0% during the 3rd quarter. Sterling Capital Management LLC now owns 82,720 shares of the oil and gas company’s stock worth $2,310,000 after acquiring an additional 4,700 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter worth approximately $45,311,000. Finally, Bank of Nova Scotia Trust Co. bought a new stake in TechnipFMC plc Ordinary Share during the 3rd quarter worth approximately $192,000. Institutional investors and hedge funds own 65.57% of the company’s stock.

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About TechnipFMC plc Ordinary Share

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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