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.
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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