TechnipFMC plc Ordinary Share (FTI) Short Interest Down 26.4% in December

TechnipFMC plc Ordinary Share (NYSE:FTI) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 8,599,504 shares, a drop of 26.4% from the November 30th total of 11,690,472 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average daily volume of 3,542,790 shares, the short-interest ratio is currently 2.4 days.

TechnipFMC plc Ordinary Share (NYSE FTI) opened at $31.86 on Wednesday. TechnipFMC plc Ordinary Share has a 12-month low of $24.53 and a 12-month high of $37.09. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.14. The stock has a market capitalization of $14,600.00 and a price-to-earnings ratio of -39.83.

TechnipFMC plc Ordinary Share (NYSE:FTI) last posted its quarterly earnings results 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 firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.87 billion. The firm’s revenue was up 74.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. research analysts anticipate that TechnipFMC plc Ordinary Share will post 1.61 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can lifted its holdings in TechnipFMC plc Ordinary Share by 70.0% during the third quarter. Great West Life Assurance Co. Can now owns 4,329 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 1,783 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in TechnipFMC plc Ordinary Share during the second quarter worth about $161,000. Macquarie Group Ltd. bought a new position in TechnipFMC plc Ordinary Share during the third quarter worth about $190,000. Bank of Nova Scotia Trust Co. bought a new position in TechnipFMC plc Ordinary Share during the third quarter worth about $192,000. Finally, Boothbay Fund Management LLC bought a new position in TechnipFMC plc Ordinary Share during the third quarter worth about $223,000. Hedge funds and other institutional investors own 65.55% of the company’s stock.

A number of equities research analysts recently weighed in on FTI shares. ValuEngine cut TechnipFMC plc Ordinary Share from a “buy” rating to a “hold” rating in a report on Sunday. Royal Bank of Canada set a $34.00 price target on TechnipFMC plc Ordinary Share and gave the company a “buy” rating in a report on Thursday, December 21st. Cowen set a $35.00 price target on TechnipFMC plc Ordinary Share and gave the company an “outperform” rating in a report on Wednesday, December 13th. HSBC reaffirmed a “reduce” rating and set a $26.00 price target on shares of TechnipFMC plc Ordinary Share in a report on Wednesday, November 15th. Finally, Barclays lowered their target price on TechnipFMC plc Ordinary Share from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Friday, October 27th. Three research 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. TechnipFMC plc Ordinary Share presently has a consensus rating of “Hold” and a consensus price target of $33.03.

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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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