TechnipFMC (NYSE:FTI) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of TechnipFMC (NYSE:FTI) from a hold rating to a buy rating in a report issued on Friday, MarketBeat.com reports. Jefferies Financial Group currently has $40.00 target price on the oil and gas company’s stock, up from their previous target price of $29.00.

FTI has been the topic of a number of other research reports. HSBC upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research note on Tuesday, October 29th. StockNews.com upgraded shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Hsbc Global Res raised shares of TechnipFMC from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Bank of America raised their price target on shares of TechnipFMC from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Susquehanna raised their price target on shares of TechnipFMC from $35.00 to $37.00 and gave the stock a “positive” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $34.42.

TechnipFMC Trading Down 3.8 %

NYSE FTI opened at $30.73 on Friday. TechnipFMC has a one year low of $18.33 and a one year high of $32.64. The company’s 50 day moving average price is $28.09 and its 200 day moving average price is $26.80. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 20.22 and a beta of 1.54.

TechnipFMC (NYSE:FTI) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.25. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. TechnipFMC had a net margin of 7.63% and a return on equity of 20.11%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.21 earnings per share. On average, sell-side analysts predict that TechnipFMC will post 1.58 EPS for the current year.

TechnipFMC Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Tuesday, November 19th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Tuesday, November 19th. TechnipFMC’s dividend payout ratio is presently 13.16%.

TechnipFMC declared that its board has approved a share repurchase program on Wednesday, October 23rd that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the oil and gas company to reacquire up to 9.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On TechnipFMC

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. boosted its holdings in TechnipFMC by 203.6% in the third quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 735 shares during the period. GAMMA Investing LLC boosted its holdings in TechnipFMC by 73.1% in the second quarter. GAMMA Investing LLC now owns 1,165 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 492 shares during the period. ORG Wealth Partners LLC acquired a new position in TechnipFMC in the third quarter worth $30,000. ORG Partners LLC acquired a new position in TechnipFMC in the second quarter worth $33,000. Finally, Crewe Advisors LLC acquired a new position in TechnipFMC in the second quarter worth $51,000. Institutional investors and hedge funds own 96.58% of the company’s stock.

TechnipFMC Company Profile

TechnipFMC plc engages in the energy projects, technologies, and systems and services businesses in Europe, Central Asia, North America, Latin America, the Asia Pacific, Africa, the Middle East, and internationally. It operates through two segments: Subsea and Surface Technologies. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation.