TechnipFMC PLC (NYSE:FTI) – Research analysts at Seaport Global Securities upped their Q2 2020 earnings per share estimates for TechnipFMC in a report released on Sunday, April 28th, according to Zacks Investment Research. Seaport Global Securities analyst M. Urban now anticipates that the oil and gas company will earn $0.54 per share for the quarter, up from their previous forecast of $0.51. Seaport Global Securities has a “Buy” rating on the stock.
A number of other research firms have also recently commented on FTI. Goldman Sachs Group started coverage on shares of TechnipFMC in a research note on Sunday, March 10th. They issued a “buy” rating for the company. ValuEngine cut shares of TechnipFMC from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Barclays cut their price target on shares of TechnipFMC from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday. Morgan Stanley set a $31.00 price target on shares of TechnipFMC and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, Wells Fargo & Co set a $26.00 price target on shares of TechnipFMC and gave the stock a “buy” rating in a research note on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.80.
FTI stock opened at $22.97 on Wednesday. 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 has a one year low of $18.20 and a one year high of $34.39. The company has a market capitalization of $10.28 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 2.81 and a beta of 1.25.
TechnipFMC (NYSE:FTI) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.24). TechnipFMC had a positive return on equity of 2.23% and a negative net margin of 16.17%. The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the firm earned $0.28 EPS. TechnipFMC’s quarterly revenue was down 6.8% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Tuesday, May 21st will be issued a $0.13 dividend. The ex-dividend date is Monday, May 20th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.26%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc lifted its holdings in shares of TechnipFMC by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 28,028,435 shares of the oil and gas company’s stock worth $875,888,000 after acquiring an additional 240,890 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in TechnipFMC by 69.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 19,834,598 shares of the oil and gas company’s stock valued at $388,362,000 after buying an additional 8,097,644 shares during the last quarter. Norges Bank bought a new stake in TechnipFMC during the 4th quarter valued at $210,592,000. Aviva PLC raised its holdings in TechnipFMC by 106.1% during the 4th quarter. Aviva PLC now owns 10,029,403 shares of the oil and gas company’s stock valued at $202,577,000 after buying an additional 5,162,133 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in TechnipFMC by 4.5% during the 1st quarter. Geode Capital Management LLC now owns 5,190,325 shares of the oil and gas company’s stock valued at $121,836,000 after buying an additional 222,660 shares during the last quarter. Hedge funds and other institutional investors own 70.30% of the company’s stock.
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.