Cowen reaffirmed their buy rating on shares of TechnipFMC (NYSE:FTI) in a research note issued to investors on Thursday, AnalystRatings.com reports. The firm currently has a $28.00 target price on the oil and gas company’s stock.
A number of other research firms also recently commented on FTI. ValuEngine downgraded Zumiez from a hold rating to a sell rating in a report on Tuesday, July 2nd. AltaCorp Capital reiterated a sector perform rating on shares of STEP Energy Services in a report on Thursday, June 20th. HSBC set a €10.10 ($11.74) target price on Deutz and gave the company a buy rating in a report on Friday, March 22nd. Piper Jaffray Companies reiterated a buy rating and set a $29.00 target price on shares of TechnipFMC in a report on Monday, April 29th. Finally, Wells Fargo & Co raised their target price on TechnipFMC from $26.00 to $28.00 and gave the company an outperform rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $31.11.
NYSE FTI opened at $25.78 on Thursday. The stock’s 50-day simple moving average is $23.58. TechnipFMC has a twelve month low of $18.20 and a twelve month high of $33.60. The stock has a market capitalization of $11.55 billion, a P/E ratio of 31.44, a PEG ratio of 3.46 and a beta of 1.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.03.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. CSat Investment Advisory L.P. grew its position in shares of TechnipFMC by 149.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,447 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 868 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in shares of TechnipFMC in the 1st quarter worth approximately $28,000. Moody National Bank Trust Division grew its position in shares of TechnipFMC by 802.0% in the 1st quarter. Moody National Bank Trust Division now owns 1,353 shares of the oil and gas company’s stock worth $32,000 after acquiring an additional 1,203 shares in the last quarter. Royal London Asset Management Ltd. acquired a new position in shares of TechnipFMC in the 1st quarter worth approximately $37,000. Finally, Nisa Investment Advisors LLC grew its position in shares of TechnipFMC by 6.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,400 shares of the oil and gas company’s stock worth $198,000 after acquiring an additional 514 shares in the last quarter. Hedge funds and other institutional investors own 72.28% of the company’s stock.
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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