TechnipFMC (NYSE:FTI) had its price objective hoisted by Citigroup from $27.40 to $29.50 in a report issued on Tuesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the oil and gas company’s stock.
A number of other analysts also recently issued reports on FTI. Cowen reissued an outperform rating and set a $69.00 price objective (up from $67.00) on shares of Delta Air Lines in a research report on Thursday, July 11th. BMO Capital Markets set a $216.00 price objective on Stryker and gave the stock a hold rating in a research report on Friday, July 26th. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. TheStreet downgraded Upland Software from a b- rating to a c+ rating in a research report on Wednesday, July 10th. Finally, Piper Jaffray Companies reissued a buy rating and set a $29.00 price objective on shares of TechnipFMC in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. TechnipFMC has an average rating of Buy and a consensus target price of $31.28.
NYSE FTI opened at $27.96 on Tuesday. TechnipFMC has a 52 week low of $18.20 and a 52 week high of $33.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.04 and a current ratio of 1.18. The business’s fifty day moving average is $25.22. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 3.80 and a beta of 1.45.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Monday, August 19th.
Institutional investors have recently made changes to their positions in the company. 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 valued at $568,000 after purchasing an additional 523 shares in the last quarter. Geode Capital Management LLC increased its holdings in TechnipFMC by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 4,967,665 shares of the oil and gas company’s stock worth $97,077,000 after buying an additional 333,774 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in TechnipFMC in the 4th quarter worth approximately $408,000. Nordea Investment Management AB increased its holdings in TechnipFMC by 41.0% in the 4th quarter. Nordea Investment Management AB now owns 36,264 shares of the oil and gas company’s stock worth $709,000 after buying an additional 10,549 shares during the period. Finally, Kentucky Retirement Systems acquired a new position in TechnipFMC in the 4th quarter worth approximately $362,000. 72.21% of the stock is owned by institutional investors and hedge funds.
TechnipFMC Company Profile
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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