FMC Technologies, Inc. (NYSE:FTI) has earned an average recommendation of “Buy” from the twenty-one research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $35.09.
A number of analysts have recently weighed in on the company. Royal Bank Of Canada restated a “buy” rating and issued a $37.00 target price on shares of FMC Technologies in a research note on Friday, October 27th. Barclays PLC lowered their price objective on FMC Technologies from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Gabelli upgraded FMC Technologies from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Friday, October 20th. Cowen and Company set a $32.00 price objective on FMC Technologies and gave the stock a “buy” rating in a research report on Friday, October 6th. Finally, Citigroup Inc. upgraded FMC Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $26.00 to $30.00 in a research report on Monday, October 2nd.
Shares of FMC Technologies (NYSE FTI) traded up $0.50 during trading hours on Wednesday, hitting $29.08. The stock had a trading volume of 1,698,962 shares, compared to its average volume of 4,022,679. FMC Technologies has a 52 week low of $24.53 and a 52 week high of $36.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.14.
FMC Technologies (NYSE:FTI) last announced its earnings results on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.07). The firm had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $3.87 billion. During the same period in the previous year, the business posted $0.22 EPS. The business’s quarterly revenue was up 74.3% compared to the same quarter last year. equities analysts anticipate that FMC Technologies will post 1.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Monday, November 20th.
Several large investors have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC lifted its holdings in shares of FMC Technologies by 10.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 33,933,562 shares of the oil and gas company’s stock valued at $947,425,000 after purchasing an additional 3,347,874 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of FMC Technologies by 6.0% during the 3rd quarter. Sei Investments Co. now owns 79,015 shares of the oil and gas company’s stock valued at $2,207,000 after purchasing an additional 4,507 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of FMC Technologies by 29.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 239,248 shares of the oil and gas company’s stock valued at $6,680,000 after purchasing an additional 54,317 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of FMC Technologies by 8.8% during the 3rd quarter. Bessemer Group Inc. now owns 92,264 shares of the oil and gas company’s stock valued at $2,576,000 after purchasing an additional 7,476 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of FMC Technologies by 1.1% during the 3rd quarter. Swiss National Bank now owns 1,633,104 shares of the oil and gas company’s stock valued at $45,596,000 after purchasing an additional 18,000 shares in the last quarter. Institutional investors and hedge funds own 65.84% of the company’s stock.
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About FMC Technologies
FMC Technologies, Inc is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems.
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