TechnipFMC - FTI Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TechnipFMC in the last year. There are currently 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FTI shares.
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12 brokers have issued 12-month price targets for TechnipFMC's shares. Their FTI share price forecasts range from $8.00 to $17.00. On average, they anticipate the company's share price to reach $12.37 in the next twelve months. This suggests a possible upside of 1.9% from the stock's current price.
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TechnipFMC's stock was trading at $5.92 at the start of the year. Since then, FTI stock has increased by 105.1% and is now trading at $12.14.
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TechnipFMC saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 15,460,000 shares, an increase of 23.5% from the October 31st total of 12,520,000 shares. Based on an average daily trading volume, of 8,570,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 3.5% of the shares of the company are sold short.
View TechnipFMC's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our FTI earnings forecast.

TechnipFMC plc (NYSE:FTI) released its quarterly earnings data on Tuesday, October, 19th. The oil and gas company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by $0.08. The oil and gas company earned $1.58 billion during the quarter, compared to analysts' expectations of $1.67 billion. TechnipFMC had a negative trailing twelve-month return on equity of 1.42% and a negative net margin of 3.46%. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 EPS.

TechnipFMC announced that its board has approved a stock buyback plan on Wednesday, July 27th 2022, which permits the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy up to 13.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

TechnipFMC updated its FY 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $6.35 billion-$6.90 billion, compared to the consensus revenue estimate of $6.61 billion.

308 employees have rated TechnipFMC Chief Executive Officer John T. Gremp on Glassdoor.com. John T. Gremp has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other TechnipFMC investors own include Bank of America (BAC), Boeing (BA), Delta Air Lines (DAL), General Electric (GE), Gilead Sciences (GILD), NVIDIA (NVDA), Intelsat (I), Intel (INTC), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

TechnipFMC trades on the New York Stock Exchange (NYSE) under the ticker symbol "FTI."

TechnipFMC's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (11.88%), Pzena Investment Management LLC (5.91%), Dimensional Fund Advisors LP (4.44%), Van ECK Associates Corp (2.46%), BlackRock Inc. (2.14%) and Encompass Capital Advisors LLC (2.06%). Insiders that own company stock include Maryann T Mannen and Olivier Piou.
View institutional ownership trends.

Shares of FTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FTI stock can currently be purchased for approximately $12.14.

TechnipFMC (NYSE:FTI) has a market capitalization of $5.42 billion and generates $6.40 billion in revenue each year. The oil and gas company earns $13.30 million in net income (profit) each year or ($0.50) on an earnings per share basis.

The company employs 22,002 workers across the globe.

TechnipFMC's mailing address is ONE ST. PAUL`S CHURCHYARD, LONDON X0, EC4M 8AP. The official website for the company is www.technipfmc.com. The oil and gas company can be reached via phone at 442034293950, via email at investorrelations@technipfmc.com, or via fax at 281-591-4102.