In Thursday’s Wall Street session, TechnipFMC plc (NYSE:FTI) shares traded at $29.29, up 1.49% from the previous session.
FTI stock price is now -1.83% away from the 50-day moving average and 5.09% away from the 200-day moving average. The market capitalization of the company currently stands at $12.32B.
With the price target of $39, Piper Sandler recently initiated with Overweight rating for TechnipFMC plc (NYSE: FTI). On December 13, 2024, Goldman recently initiated its ‘Buy’ rating on the stock quoting a target price of $38, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Landes Jonathan, President, Subsea sold 141,427 shares of the company’s stock on Mar 11 ’25. The stock was sold for $3,630,433 at an average price of $25.67. Upon completion of the transaction, the President, Subsea now directly owns 91,481 shares in the company, valued at $2.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’25, EVP & Chief Technology Officer Rounce Justin sold 444,862 shares of the business’s stock. A total of $11,656,039 was realized by selling the stock at an average price of $26.20. This leaves the insider owning 140,207 shares of the company worth $4.11 million. A total of 1.30% of the company’s stock is owned by insiders.
During the past 12 months, TechnipFMC plc has had a low of $22.99 and a high of $33.45. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.12, and a quick ratio of 0.88. According to the stock market information, the enterprise value for the company is $13014841344, which is based on a 15.28 price-to-earnings ratio, a 0.98 price-to-earnings-growth ratio, and a beta of 1.19. The fifty day moving average price for FTI is $29.8374 and a two-hundred day moving average price translates $27.87245 for the stock.
The latest earnings results from TechnipFMC plc (NYSE: FTI) was released for 2024-12-31. The net profit margin was 9.28% and return on equity was 27.06% for FTI. The company reported revenue of $2.37 billion for the quarter, compared to $2.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.94 percent.
