TechnipFMC plc (NYSE:FTI) Receives $36.31 Consensus Target Price from Brokerages

TechnipFMC plc (NYSE:FTI) has earned a consensus rating of “Buy” from the fourteen research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $36.31.

A number of equities analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on TechnipFMC in a report on Friday, December 13th. They issued a “buy” rating and a $38.00 target price for the company. Barclays boosted their price objective on shares of TechnipFMC from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, March 3rd. StockNews.com lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Evercore ISI upped their price target on shares of TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Finally, Piper Sandler raised their price objective on shares of TechnipFMC from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 28th.

Insider Activity at TechnipFMC

In other TechnipFMC news, Director Carvalho Filho Eleazar De sold 9,381 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $29.76, for a total transaction of $279,178.56. Following the sale, the director now owns 100,951 shares of the company’s stock, valued at approximately $3,004,301.76. This trade represents a 8.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Justin Rounce sold 42,178 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $26.55, for a total value of $1,119,825.90. Following the completion of the transaction, the executive vice president now directly owns 140,207 shares of the company’s stock, valued at approximately $3,722,495.85. The trade was a 23.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 61,706 shares of company stock worth $1,651,665 over the last three months. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TechnipFMC

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTI. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of TechnipFMC in the 4th quarter valued at about $46,000. Smartleaf Asset Management LLC lifted its position in TechnipFMC by 55.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,476 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 525 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in TechnipFMC in the fourth quarter valued at approximately $45,000. EverSource Wealth Advisors LLC grew its holdings in TechnipFMC by 393.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,678 shares of the oil and gas company’s stock worth $49,000 after purchasing an additional 1,338 shares during the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of TechnipFMC by 48.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,730 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 563 shares in the last quarter. Hedge funds and other institutional investors own 96.58% of the company’s stock.

TechnipFMC Trading Up 13.1 %

FTI opened at $26.23 on Monday. TechnipFMC has a 12 month low of $22.12 and a 12 month high of $33.45. The company has a current ratio of 1.14, a quick ratio of 0.89 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $28.80 and a 200 day moving average of $29.01. The firm has a market cap of $11.03 billion, a P/E ratio of 17.25 and a beta of 1.11.

TechnipFMC Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, March 18th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Tuesday, March 18th. TechnipFMC’s payout ratio is 10.42%.

About TechnipFMC

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.