TechnipFMC (NYSE:FTI) Now Covered by Analysts at BMO Capital Markets

Equities researchers at BMO Capital Markets began coverage on shares of TechnipFMC (NYSE:FTI) in a research report issued on Thursday, The Fly reports. The brokerage set a “market perform” rating on the oil and gas company’s stock.

Several other equities research analysts have also issued reports on FTI. ValuEngine lowered shares of TechnipFMC from a “buy” rating to a “hold” rating in a report on Monday, August 3rd. Tudor Pickering raised shares of TechnipFMC from a “hold” rating to a “buy” rating in a research note on Wednesday, July 1st. Kepler Capital Markets restated a “hold” rating on shares of TechnipFMC in a research note on Friday, July 31st. HSBC lowered TechnipFMC from a “buy” rating to a “hold” rating and set a $9.20 price objective on the stock. in a research note on Friday, August 7th. Finally, Morgan Stanley increased their target price on TechnipFMC from $9.30 to $9.80 and gave the stock an “overweight” rating in a report on Monday, August 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $14.90.

FTI traded down $0.04 on Thursday, hitting $6.27. 5,618,984 shares of the stock traded hands, compared to its average volume of 6,078,752. TechnipFMC has a 52 week low of $4.49 and a 52 week high of $23.74. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $2.83 billion, a PE ratio of -0.50, a P/E/G ratio of 0.74 and a beta of 2.05. The business has a fifty day moving average price of $7.43 and a two-hundred day moving average price of $7.60.

TechnipFMC (NYSE:FTI) last announced its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.04 billion. TechnipFMC had a positive return on equity of 0.93% and a negative net margin of 42.22%. TechnipFMC’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 EPS. On average, equities research analysts forecast that TechnipFMC will post 0.41 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Federated Hermes Inc. raised its stake in shares of TechnipFMC by 64.9% in the second quarter. Federated Hermes Inc. now owns 4,444 shares of the oil and gas company’s stock worth $30,000 after acquiring an additional 1,749 shares during the last quarter. Verus Capital Partners LLC lifted its holdings in TechnipFMC by 514.4% during the 1st quarter. Verus Capital Partners LLC now owns 4,743 shares of the oil and gas company’s stock worth $32,000 after buying an additional 3,971 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in TechnipFMC by 728.8% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,274 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 5,517 shares during the last quarter. Advisor Group Holdings Inc. acquired a new stake in shares of TechnipFMC in the 1st quarter valued at $64,000. Finally, Cigna Investments Inc. New acquired a new stake in shares of TechnipFMC in the 2nd quarter valued at $70,000. Hedge funds and other institutional investors own 76.29% 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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