TechnipFMC (NYSE:FTI) Price Target Raised to $43.00

TechnipFMC (NYSE:FTI) had its target price lifted by Barclays from $42.00 to $43.00 in a research note released on Monday morning,Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

A number of other research analysts have also recently commented on the stock. Royal Bank of Canada assumed coverage on shares of TechnipFMC in a research report on Monday, November 18th. They issued an “outperform” rating and a $37.00 target price on the stock. Evercore ISI upped their target price on shares of TechnipFMC from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Citigroup upped their target price on shares of TechnipFMC from $34.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Piper Sandler upped their target price on shares of TechnipFMC from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Finally, The Goldman Sachs Group assumed coverage on shares of TechnipFMC in a research report on Friday, December 13th. They issued a “buy” rating and a $38.00 target price on the stock. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $36.31.

TechnipFMC Trading Down 1.5 %

Shares of FTI stock opened at $26.59 on Monday. The company’s 50-day moving average price is $30.50 and its 200-day moving average price is $28.61. 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 market cap of $11.18 billion, a price-to-earnings ratio of 17.49 and a beta of 1.54. TechnipFMC has a twelve month low of $21.36 and a twelve month high of $33.45.

TechnipFMC Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.75%. TechnipFMC’s payout ratio is 10.42%.

Institutional Trading of TechnipFMC

A number of large investors have recently made changes to their positions in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of TechnipFMC during the fourth quarter worth approximately $12,235,000. Mackenzie Financial Corp increased its stake in TechnipFMC by 0.3% in the fourth quarter. Mackenzie Financial Corp now owns 520,513 shares of the oil and gas company’s stock valued at $15,064,000 after purchasing an additional 1,652 shares during the last quarter. CTC Alternative Strategies Ltd. purchased a new position in TechnipFMC in the fourth quarter valued at approximately $304,000. Vise Technologies Inc. purchased a new position in TechnipFMC in the fourth quarter valued at approximately $249,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in TechnipFMC in the fourth quarter valued at approximately $221,000. 96.58% of the stock is currently owned by hedge funds and other institutional investors.

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.