Research Analysts Set Expectations for FMC Technologies, Inc.’s Q2 2019 Earnings (FTI)
FMC Technologies, Inc. (NYSE:FTI) – Equities researchers at Capital One Financial Corporation issued their Q2 2019 earnings per share (EPS) estimates for shares of FMC Technologies in a report released on Thursday. Capital One Financial Corporation analyst J. Gibney anticipates that the oil and gas company will post earnings per share of $0.23 for the quarter.
FTI has been the subject of a number of other research reports. Citigroup Inc. raised FMC Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $30.00 in a research note on Monday. BidaskClub downgraded shares of FMC Technologies from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Piper Jaffray Companies reissued a “buy” rating and set a $31.50 target price on shares of FMC Technologies in a research report on Tuesday, September 26th. UBS AG restated a “buy” rating and issued a $36.00 price target (down previously from $40.00) on shares of FMC Technologies in a report on Monday, July 31st. Finally, Seaport Global Securities restated a “neutral” rating on shares of FMC Technologies in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. FMC Technologies presently has a consensus rating of “Buy” and a consensus price target of $34.62.
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FMC Technologies (FTI) traded down 1.01% during midday trading on Monday, reaching $27.55. The company’s stock had a trading volume of 2,108,277 shares. The company has a 50 day moving average price of $26.42 and a 200 day moving average price of $28.86. FMC Technologies has a 1-year low of $25.17 and a 1-year high of $37.09. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 33.31 and a beta of 0.95.
FMC Technologies (NYSE:FTI) last issued its quarterly earnings results on Wednesday, July 26th. The oil and gas company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The firm had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.80 billion.
Several large investors have recently bought and sold shares of the company. Perigon Wealth Management LLC lifted its stake in FMC Technologies by 19.7% in the first quarter. Perigon Wealth Management LLC now owns 5,017 shares of the oil and gas company’s stock valued at $163,000 after buying an additional 826 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of FMC Technologies during the first quarter worth about $165,000. MAVEN SECURITIES Ltd bought a new position in shares of FMC Technologies during the first quarter worth about $174,000. C M Bidwell & Associates Ltd. bought a new position in shares of FMC Technologies during the second quarter worth about $161,000. Finally, Koch Industries Inc. bought a new position in shares of FMC Technologies during the first quarter worth about $221,000. 65.35% of the stock is owned by institutional investors.
FMC Technologies 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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