Griffin Securities Reiterates Buy Rating for TechnipFMC plc Ordinary Share (FTI)

TechnipFMC plc Ordinary Share (NYSE:FTI)‘s stock had its “buy” rating reaffirmed by Griffin Securities in a research report issued to clients and investors on Monday. Griffin Securities also issued estimates for TechnipFMC plc Ordinary Share’s Q4 2017 earnings at $0.41 EPS, Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $1.25 EPS and FY2019 earnings at $1.70 EPS.

Other analysts also recently issued research reports about the stock. BidaskClub downgraded shares of TechnipFMC plc Ordinary Share from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Citigroup decreased their price target on shares of TechnipFMC plc Ordinary Share from $34.60 to $29.40 and set a “neutral” rating for the company in a research note on Monday, September 18th. assumed coverage on shares of TechnipFMC plc Ordinary Share in a research note on Monday, September 11th. They set a “hold” rating and a $26.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $37.00 price target on shares of TechnipFMC plc Ordinary Share in a research note on Friday, October 27th. Finally, Cowen set a $32.00 price target on shares of TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a research note on Friday, October 6th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $33.03.

Shares of TechnipFMC plc Ordinary Share (NYSE:FTI) opened at $28.24 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.14. TechnipFMC plc Ordinary Share has a 12 month low of $24.53 and a 12 month high of $37.09.

TechnipFMC plc Ordinary Share (NYSE:FTI) last announced its quarterly earnings data on Wednesday, October 25th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.07). The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.87 billion. TechnipFMC plc Ordinary Share’s revenue was up 74.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. equities research analysts forecast that TechnipFMC plc Ordinary Share will post 1.62 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of FTI. First Eagle Investment Management LLC increased its holdings in TechnipFMC plc Ordinary Share by 53.2% during the second quarter. First Eagle Investment Management LLC now owns 30,585,688 shares of the oil and gas company’s stock valued at $831,931,000 after buying an additional 10,617,891 shares during the period. Janus Henderson Group PLC increased its holdings in TechnipFMC plc Ordinary Share by 19,636.0% during the second quarter. Janus Henderson Group PLC now owns 3,496,027 shares of the oil and gas company’s stock valued at $95,090,000 after buying an additional 3,478,313 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in TechnipFMC plc Ordinary Share by 90.3% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,638,820 shares of the oil and gas company’s stock valued at $98,976,000 after buying an additional 1,726,320 shares during the period. Point72 Asset Management L.P. purchased a new position in TechnipFMC plc Ordinary Share during the third quarter valued at approximately $45,311,000. Finally, Platinum Investment Management Ltd. increased its holdings in TechnipFMC plc Ordinary Share by 29.6% during the second quarter. Platinum Investment Management Ltd. now owns 7,016,100 shares of the oil and gas company’s stock valued at $190,837,000 after buying an additional 1,604,400 shares during the period. 65.57% of the stock is currently owned by institutional investors.

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TechnipFMC plc Ordinary Share Company Profile

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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