TechnipFMC (NYSE:FTI) was downgraded by Bernstein Bank to an “underperform” rating in a note issued to investors on Tuesday, Stock Target Advisor reports.

FTI has been the subject of several other reports. Royal Bank of Canada set a $30.00 target price on shares of TechnipFMC and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays reaffirmed a “hold” rating on shares of TechnipFMC in a report on Wednesday, November 6th. JPMorgan Chase & Co. increased their price target on shares of TechnipFMC from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Co set a $30.00 target price on shares of TechnipFMC and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group cut shares of TechnipFMC from a “buy” rating to a “hold” rating and lowered their price objective for the company from $33.00 to $21.00 in a research report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $28.12.

Shares of NYSE:FTI traded down $0.66 during trading on Tuesday, reaching $20.68. The company had a trading volume of 551,611 shares, compared to its average volume of 2,681,547. The firm’s fifty day moving average is $20.25 and its 200 day moving average is $22.90. The firm has a market capitalization of $9.41 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 0.94 and a beta of 1.47. TechnipFMC has a twelve month low of $18.42 and a twelve month high of $28.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.17.

TechnipFMC (NYSE:FTI) last issued its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.38). The company had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.54 billion. TechnipFMC had a positive return on equity of 2.11% and a negative net margin of 16.30%. The company’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 earnings per share. Equities analysts predict that TechnipFMC will post 1.2 earnings per share for the current fiscal year.

In related news, Director Olivier Piou purchased 3,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average price of $19.49 per share, with a total value of $58,470.00. Following the completion of the purchase, the director now owns 3,000 shares in the company, valued at approximately $58,470. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Maryann T. Mannen sold 14,500 shares of TechnipFMC stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $20.84, for a total transaction of $302,180.00. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Signaturefd LLC raised its holdings in shares of TechnipFMC by 22.1% in the third quarter. Signaturefd LLC now owns 2,650 shares of the oil and gas company’s stock valued at $64,000 after purchasing an additional 480 shares during the last quarter. Brinker Capital Inc. increased its stake in TechnipFMC by 6.2% in the 3rd quarter. Brinker Capital Inc. now owns 13,987 shares of the oil and gas company’s stock worth $338,000 after purchasing an additional 813 shares during the period. First Mercantile Trust Co. increased its stake in TechnipFMC by 13.4% in the 3rd quarter. First Mercantile Trust Co. now owns 6,998 shares of the oil and gas company’s stock worth $169,000 after purchasing an additional 825 shares during the period. Private Capital Group LLC increased its stake in TechnipFMC by 375.0% in the 2nd quarter. Private Capital Group LLC now owns 1,121 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 885 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in TechnipFMC by 1.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 92,346 shares of the oil and gas company’s stock worth $2,229,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 79.86% 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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