TechnipFMC Sees Unusually High Options Volume (NYSE:FTI)

TechnipFMC plc (NYSE:FTI) was the recipient of unusually large options trading on Friday. Stock investors bought 12,785 call options on the company. This represents an increase of approximately 2,071% compared to the average volume of 589 call options.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Strategic Global Advisors LLC acquired a new stake in TechnipFMC in the 2nd quarter worth about $5,258,000. Caisse de depot et placement du Quebec purchased a new stake in TechnipFMC during the 2nd quarter worth approximately $12,092,000. Gallagher Fiduciary Advisors LLC acquired a new position in shares of TechnipFMC during the second quarter valued at approximately $415,000. Man Group plc acquired a new position in shares of TechnipFMC during the second quarter valued at approximately $12,626,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of TechnipFMC in the second quarter valued at approximately $276,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FTI shares. Susquehanna reduced their price target on TechnipFMC from $90.00 to $85.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. UBS Group set a $80.00 price objective on shares of TechnipFMC in a research note on Wednesday, June 3rd. Royal Bank Of Canada lifted their target price on shares of TechnipFMC from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating on shares of TechnipFMC in a research note on Sunday, May 31st. Finally, Weiss Ratings cut shares of TechnipFMC from a “buy (a-)” rating to a “buy (b)” rating in a report on Friday, July 31st. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.64.

TechnipFMC Stock Up 2.6%

TechnipFMC stock opened at $78.63 on Friday. The stock has a market capitalization of $30.84 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 1.58 and a beta of 0.72. TechnipFMC has a 12 month low of $34.27 and a 12 month high of $79.23. The business has a 50 day simple moving average of $70.30 and a 200-day simple moving average of $68.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 0.85.

TechnipFMC (NYSE:FTI) last announced its earnings results on Thursday, July 30th. The oil and gas company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.67 billion. TechnipFMC had a return on equity of 36.54% and a net margin of 11.28%.The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.68 EPS. On average, analysts anticipate that TechnipFMC will post 3.06 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 18th will be given a $0.05 dividend. The ex-dividend date is Tuesday, August 18th. This represents a $0.20 annualized dividend and a dividend yield of 0.3%. TechnipFMC’s dividend payout ratio (DPR) is 6.94%.

About TechnipFMC

TechnipFMC is an integrated oilfield services and technology company that designs, manufactures and delivers systems and services for the energy industry. The company’s activities span the full lifecycle of oil and gas projects, with capabilities in subsea production systems, surface wellhead and intervention equipment, and onshore/offshore engineering and construction. TechnipFMC combines engineering and project management with fabrication, installation and maintenance services to help operators develop and produce hydrocarbon resources.

Its product and service portfolio includes subsea hardware such as trees, manifolds, umbilicals, risers and flowlines, as well as surface equipment for drilling, completions and well intervention.