Weekly Research Analysts’ Ratings Updates for TechnipFMC (FTI)

A number of research firms have changed their ratings and price targets for TechnipFMC (NYSE: FTI):

• 11/1/2024 – TechnipFMC was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/29/2024 – TechnipFMC was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating.
• 10/29/2024 – TechnipFMC was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $32.00 price target on the stock.
• 10/28/2024 – TechnipFMC had its price target raised by analysts at Barclays PLC from $34.00 to $37.00. They now have an “overweight” rating on the stock.
• 10/25/2024 – TechnipFMC had its price target raised by analysts at Susquehanna from $35.00 to $37.00. They now have a “positive” rating on the stock.
• 10/25/2024 – TechnipFMC had its price target raised by analysts at TD Cowen from $35.00 to $37.00. They now have a “buy” rating on the stock.
• 10/21/2024 – TechnipFMC was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/14/2024 – TechnipFMC had its price target raised by analysts at Bank of America Co. from $30.00 to $31.00. They now have a “buy” rating on the stock.
• 10/10/2024 – TechnipFMC had its price target raised by analysts at BMO Capital Markets from $32.00 to $33.00. They now have a “market perform” rating on the stock.
• 9/26/2024 – TechnipFMC was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/17/2024 – TechnipFMC was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

TechnipFMC Stock Down 2.5 %

FTI stock traded down $0.74 during mid-day trading on Wednesday, hitting $28.41. 3,328,617 shares of the company were exchanged, compared to its average volume of 4,012,105. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.89 and a current ratio of 1.14. TechnipFMC plc has a 1-year low of $18.33 and a 1-year high of $29.85. The firm’s 50 day simple moving average is $26.33 and its 200 day simple moving average is $26.31. The firm has a market cap of $12.09 billion, a P/E ratio of 18.69 and a beta of 1.51.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.25. The business 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 firm’s quarterly revenue was up 14.2% on a year-over-year basis. During the same period last year, the business posted $0.21 earnings per share. On average, sell-side analysts predict that TechnipFMC plc will post 1.47 EPS for the current fiscal year.

TechnipFMC Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $0.20 annualized dividend and a dividend yield of 0.70%. TechnipFMC’s dividend payout ratio is currently 13.16%.

Hedge Funds Weigh In On TechnipFMC

Hedge funds have recently made changes to their positions in the business. Blue Trust Inc. grew its holdings in shares of TechnipFMC by 203.6% in the 3rd quarter. Blue Trust Inc. now owns 1,096 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 735 shares in the last quarter. GAMMA Investing LLC grew its stake 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 valued at $30,000 after purchasing an additional 492 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of TechnipFMC during the 3rd quarter worth approximately $30,000. ORG Partners LLC bought a new stake in shares of TechnipFMC during the 2nd quarter worth approximately $33,000. Finally, Crewe Advisors LLC bought a new stake in shares of TechnipFMC during the 2nd quarter worth approximately $51,000. 96.58% of the stock is owned by institutional investors.

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.