In the last trading session, 5.83 million TechnipFMC plc (NYSE:FTI) shares changed hands as the company’s beta touched 2.37. With the company’s per share price at $9.17 changed hands at -$0.19 or -2.03% during last session, the market valuation stood at $4.35B. FTI’s last price was a discount, traded about -16.68% off its 52-week high of $10.70. The share price had its 52-week low at $4.03, which suggests the last value was 56.05% up since then. When we look at TechnipFMC plc’s average trading volume, we note the 10-day average is 7.79 million shares, with the 3-month average coming to 6.39 million.
Analysts gave the TechnipFMC plc (FTI) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 23 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 9 recommended FTI as a Hold, 12 felt it is a Buy and 1 rated the stock as Underweight. TechnipFMC plc’s EPS for the current quarter is expected to be -$0.01.
TechnipFMC plc (NYSE:FTI) trade information
Instantly FTI was in red as seen at the end of in last trading. With action -7.93%, the performance over the past five days has been red. The drop to weekly highs of 9.96 on Tuesday, 06/22/21 subtracted -2.03% to the stock’s daily price. The company’s shares are showing year-to-date upside of 23.68%, with the 5-day performance at -7.93% in the red. However, in the 30-day time frame, TechnipFMC plc (NYSE:FTI) is 11.69% up. Looking at the short shares, we see there were 15.38 million shares sold at short interest cover period of 2.33 days.
The consensus price target for the stock as assigned by Wall Street analysts is $9.87, meaning bulls need an upside of 7.09% from its current market value. According to analyst projections, FTI’s forecast low is $3.50 with $13.00 as the target high. To hit the forecast high, the stock’s price needs a -41.77% plunge from its current level, while the stock would need to tank 61.83% for it to hit the projected low.
TechnipFMC plc (FTI) estimates and forecasts
Data shows that the TechnipFMC plc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 22.64% over the past 6 months, a -165.00% in annual growth rate that is considerably lower than the industry average of 31.70%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for TechnipFMC plc will fall -111.10%, while the growth in revenue is estimated to hit -100.00% for the next quarter. Year-over-year growth is forecast to reach -50.50% down from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of $1.6 billion. 14 analysts are of the opinion that TechnipFMC plc’s revenue for the quarter ending Sep 2021 will be $1.65 billion. The company’s revenue for the corresponding quarters a year ago was $3.16 billion and $3.34 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -49.30%. The estimates for the next quarter sales put growth at -50.50%.
The 2021 estimates are for TechnipFMC plc earnings to decrease by -35.90%, but the outlook for the next 5-year period is at -2.90% per year.
TechnipFMC plc is expected to release its next quarterly earnings report in July. The 5.67% annual yield figure for the share gives it an annual dividend of 0.52. It is important to note, however, that the 5.67% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
TechnipFMC plc (NYSE:FTI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.95% of TechnipFMC plc shares while 85.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 86.12%. There are 85.30% institutions holding the TechnipFMC plc stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2020, the company held 6.70% of the shares, roughly 30.2 million FTI shares worth $283.87 million.
Bpifrance SA holds the second largest percentage of outstanding shares, with 5.48% or 24.69 million shares worth $232.07 million as of Dec 30, 2020.
Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard 500 Index Fund and VanEck Vectors ETF Tr- Oil Services ETF. With 8.46 million shares estimated at $79.57 million under it, the former controlled 1.88% of total outstanding shares. On the other hand, VanEck Vectors ETF Tr- Oil Services ETF held about 1.72% of the shares, roughly 7.75 million shares worth around $59.83 million.