TechnipFMC shares reach new 52-week high

TechnipFMC plc (NYSE: FTI) reached a new 52-week high during mid-day trading on Thursday, with shares trading as high as $80.56. The oil and gas company recently reported quarterly earnings of $0.91 per share, exceeding analyst expectations.

Wall Street analysts have provided various outlooks for the company. While the consensus rating is a 'Moderate Buy' with an average price target of $69.64, individual firms have offered differing views. Jefferies Financial Group and Susquehanna have maintained positive ratings, though Susquehanna recently adjusted its price objective from $90.00 to $85.00. Conversely, Weiss Ratings and Wall Street Zendow have downgraded the stock's rating.