FMC Technologies, Inc. (NYSE:FTI) had its price target trimmed by Barclays PLC from $30.00 to $28.00 in a research note released on Friday. The brokerage currently has an equal weight rating on the oil and gas company’s stock.
Other equities research analysts have also issued reports about the stock. Jefferies Group LLC reiterated a hold rating and issued a $31.00 target price on shares of FMC Technologies in a report on Friday, July 14th. Seaport Global Securities reiterated a neutral rating on shares of FMC Technologies in a report on Thursday, July 27th. BidaskClub lowered shares of FMC Technologies from a sell rating to a strong sell rating in a report on Tuesday, August 8th. UBS AG reiterated a buy rating and issued a $36.00 target price (down from $40.00) on shares of FMC Technologies in a report on Monday, July 31st. Finally, HSBC Holdings plc began coverage on shares of FMC Technologies in a report on Monday, September 11th. They issued a hold rating and a $26.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. FMC Technologies currently has a consensus rating of Buy and an average price target of $34.58.
FMC Technologies (NYSE FTI) opened at 26.57 on Friday. The company has a market cap of $12.41 billion, a PE ratio of 32.13 and a beta of 0.95. FMC Technologies has a 12-month low of $24.53 and a 12-month high of $36.14. The firm has a 50 day moving average price of $26.70 and a 200 day moving average price of $28.14.
FMC Technologies (NYSE:FTI) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.07). The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the firm posted $0.22 earnings per share. The business’s revenue was up 74.3% on a year-over-year basis. On average, analysts anticipate that FMC Technologies will post $1.06 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, November 20th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new position in shares of FMC Technologies in the 1st quarter valued at about $165,000. C M Bidwell & Associates Ltd. bought a new position in shares of FMC Technologies in the 2nd quarter valued at about $161,000. Conning Inc. grew its position in shares of FMC Technologies by 2.7% in the 2nd quarter. Conning Inc. now owns 7,665 shares of the oil and gas company’s stock valued at $208,000 after acquiring an additional 200 shares during the period. Bbva Compass Bancshares Inc. boosted its holdings in shares of FMC Technologies by 4.8% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 8,225 shares of the oil and gas company’s stock worth $224,000 after buying an additional 379 shares during the period. Finally, Intact Investment Management Inc. bought a new stake in shares of FMC Technologies during the 3rd quarter worth about $237,000. 66.15% of the stock is owned by institutional investors.
FMC Technologies Company Profile
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.
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