Piper Sandler Reaffirms Their Buy Rating on TechnipFMC (FTI)

Piper Sandler analyst Derek Podhaizer maintained a Buy rating on TechnipFMC today and set a price target of $48.00. The company’s shares closed yesterday at $36.00.

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According to TipRanks, Podhaizer is a 4-star analyst with an average return of 7.2% and a 59.00% success rate. Podhaizer covers the Energy sector, focusing on stocks such as Liberty Oilfield Services, Helmerich & Payne, and Propetro Holding.

TechnipFMC has an analyst consensus of Strong Buy, with a price target consensus of $44.08, which is a 22.44% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $51.00 price target.

The company has a one-year high of $41.30 and a one-year low of $22.12. Currently, TechnipFMC has an average volume of 5.27M.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FTI in relation to earlier this year. Last month, Doug Pferdehirt, the Chair and CEO of FTI sold 80,304.00 shares for a total of $3,079,658.40.