TechnipFMC (NYSE:FTI) Lifted to “B-” at TheStreet

TheStreet upgraded shares of TechnipFMC (NYSE:FTI) from a c+ rating to a b- rating in a research note issued to investors on Wednesday morning, TheStreetRatingsTable reports.

FTI has been the subject of several other reports. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. AltaCorp Capital reissued a sector perform rating on shares of STEP Energy Services in a research note on Thursday, June 20th. HSBC set a €10.10 ($11.74) target price on Deutz and gave the company a buy rating in a research note on Friday, March 22nd. Piper Jaffray Companies restated a buy rating and issued a $29.00 price target on shares of TechnipFMC in a research report on Monday, April 29th. Finally, Cowen restated an outperform rating and issued a $69.00 price target (up from $67.00) on shares of Delta Air Lines in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $31.11.

NYSE FTI opened at $25.78 on Wednesday. The company has a fifty day moving average price of $23.58. The firm has a market cap of $11.55 billion, a PE ratio of 31.44, a P/E/G ratio of 3.43 and a beta of 1.45. TechnipFMC has a 52 week low of $18.20 and a 52 week high of $33.60. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.03.

TechnipFMC (NYSE:FTI) last released its earnings results on Thursday, April 25th. The oil and gas company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.24). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3.13 billion. TechnipFMC had a negative net margin of 16.17% and a positive return on equity of 2.23%. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. As a group, equities research analysts forecast that TechnipFMC will post 1.24 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in TechnipFMC by 6.5% during the first quarter. Nisa Investment Advisors LLC now owns 8,400 shares of the oil and gas company’s stock worth $198,000 after acquiring an additional 514 shares in the last quarter. Stifel Financial Corp lifted its holdings in TechnipFMC by 1.8% during the fourth quarter. Stifel Financial Corp now owns 29,130 shares of the oil and gas company’s stock worth $568,000 after acquiring an additional 523 shares in the last quarter. Mason Street Advisors LLC lifted its holdings in TechnipFMC by 1.2% during the first quarter. Mason Street Advisors LLC now owns 60,700 shares of the oil and gas company’s stock worth $1,428,000 after acquiring an additional 715 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in TechnipFMC by 3.9% during the first quarter. Moors & Cabot Inc. now owns 21,445 shares of the oil and gas company’s stock worth $504,000 after acquiring an additional 800 shares in the last quarter. Finally, CSat Investment Advisory L.P. lifted its holdings in TechnipFMC by 149.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 1,447 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 868 shares in the last quarter. Institutional investors and hedge funds own 72.28% of the company’s stock.

About TechnipFMC

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through three segments: Subsea, Onshore/Offshore, and Surface Technologies. The Subsea segment manufactures and designs products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas.

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Analyst Recommendations for TechnipFMC (NYSE:FTI)

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