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NYSE:FTI

TechnipFMC - FTI Stock Forecast, Price & News

$8.51
+0.17 (+2.04%)
(As of 08/10/2022 03:59 PM ET)
Add
Compare
Today's Range
$8.18
$8.60
50-Day Range
$5.62
$8.49
52-Week Range
$5.47
$9.00
Volume
243,468 shs
Average Volume
9.76 million shs
Market Capitalization
$3.85 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$10.88

TechnipFMC MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
27.0% Upside
$10.88 Price Target
Short Interest
Healthy
4.91% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.74mentions of TechnipFMC in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
187.50%
From $0.16 to $0.46 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Oils/Energy Sector

77th out of 259 stocks

Oil & Gas Field Machinery Industry

4th out of 11 stocks

FTI stock logo

About TechnipFMC (NYSE:FTI) Stock

TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses in Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. The Subsea segment engages in the design, engineering, procurement, manufacturing, fabrication, installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation. It provides subsea production and processing systems; subsea umbilicals, risers, and flowlines; vessels; and Subsea Studio for optimizing the development, execution, and operation of current and future subsea fields. This segment also offers well and asset services; research, engineering, manufacturing, and supply chain; and product management services. The Surface Technologies segment designs, manufactures, and services products and systems used in land and shallow water exploration and production of crude oil and natural gas. This segment offers drilling and completion systems; surface wellheads and production trees systems; iComplete, a digitally enabled pressure control system; fracturing tree and manifold systems; pressure pumping; well service pumps; well control, safety and integrity systems, multiphase meter modules, in-line separation and processing systems, and standard pumps; flowback and well testing services; skid systems; automation and digital systems; and flow measurement and automation solutions. It also offers planning, testing and installation, commissioning, operations, replacement and upgrade, maintenance, storage, preservation, intervention, integrity, decommissioning, and abandonment; and supplies flexible lines and flowline products and services. TechnipFMC plc has a strategic alliance with Talos Energy Inc. to develop and deliver technical and commercial solutions to Carbon Capture and Storage projects. The company was founded in 1884 and is based in Newcastle Upon Tyne, the United Kingdom.

Wall Street Analysts Forecast Growth

FTI has been the subject of several analyst reports. Societe Generale raised TechnipFMC from a "hold" rating to a "buy" rating and increased their price objective for the stock from $7.57 to $10.00 in a research note on Tuesday, April 19th. Cowen reduced their target price on TechnipFMC from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, June 23rd. Cowen reduced their target price on TechnipFMC from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Thursday, June 23rd. Finally, Bank of America raised TechnipFMC from a "neutral" rating to a "buy" rating and reduced their target price for the company from $9.50 to $8.00 in a report on Friday, July 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, TechnipFMC currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.88.

TechnipFMC Stock Performance

NYSE:FTI traded up $0.12 on Wednesday, hitting $8.46. 108,958 shares of the stock traded hands, compared to its average volume of 9,759,927. The business's fifty day moving average is $7.04 and its two-hundred day moving average is $7.27. TechnipFMC has a 12 month low of $5.47 and a 12 month high of $9.00. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of -15.16 and a beta of 1.91. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.00 and a current ratio of 1.29.

TechnipFMC (NYSE:FTI - Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). TechnipFMC had a negative net margin of 3.88% and a negative return on equity of 2.48%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the company posted ($0.06) earnings per share. TechnipFMC's revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities analysts anticipate that TechnipFMC will post 0.16 EPS for the current fiscal year.

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FTI Stock News Headlines

TechnipFMC (FTI) Q2 2022 Earnings Call Transcript
TechnipFMC Announces Second Quarter 2022 Results
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FTI Company Calendar

Last Earnings
7/27/2022
Today
8/10/2022
Next Earnings (Estimated)
10/19/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Oil & gas field machinery
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
30249U10
Employees
22,002
Year Founded
2017

Price Target and Rating

Average Stock Price Forecast
$10.88
High Stock Price Forecast
$14.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+27.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
8 Analysts

Profitability

Net Income
$13.30 million
Pretax Margin
-1.55%

Debt

Sales & Book Value

Annual Sales
$6.40 billion
Cash Flow
$0.60 per share
Book Value
$7.58 per share

Miscellaneous

Free Float
449,770,000
Market Cap
$3.85 billion
Optionable
Optionable
Beta
1.91

Social Links


Key Executives

  • Mr. Douglas J. Pferdehirt (Age 58)
    CEO & Exec. Chairman
    Comp: $4.3M
  • Mr. Justin J. Rounce (Age 55)
    Exec. VP & Chief Technology Officer
    Comp: $1.68M
  • Mr. Alf T. Melin (Age 52)
    Exec. VP
    Comp: $1.74M
  • Mr. Jonathan Landes (Age 49)
    Pres of Subsea
    Comp: $1.29M
  • Ms. Victoria Lazar (Age 56)
    Exec. VP, CFO, Chief Legal Officer & Sec.
  • Ms. Krisztina Doroghazi (Age 50)
    Sr. VP, Controller & Chief Accounting Officer
  • Matt Seinsheimer
    VP of Investor Relations
  • Mr. Mark J. Scott (Age 68)
    Exec. VP of Quality, HSE/Security & Communications
  • Ms. Brooke Robertson
    Director of PR
  • Nicola Cameron
    VP of Corp. Communications













FTI Stock - Frequently Asked Questions

Should I buy or sell TechnipFMC stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TechnipFMC in the last twelve months. There are currently 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FTI shares.
View FTI analyst ratings
or view top-rated stocks.

What is TechnipFMC's stock price forecast for 2022?

8 Wall Street research analysts have issued 12 month price targets for TechnipFMC's shares. Their FTI share price forecasts range from $8.00 to $14.00. On average, they anticipate the company's stock price to reach $10.88 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price.
View analysts price targets for FTI
or view top-rated stocks among Wall Street analysts.

How have FTI shares performed in 2022?

TechnipFMC's stock was trading at $5.92 at the start of the year. Since then, FTI shares have increased by 44.4% and is now trading at $8.55.
View the best growth stocks for 2022 here
.

Are investors shorting TechnipFMC?

TechnipFMC saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 19,330,000 shares, an increase of 30.7% from the June 15th total of 14,790,000 shares. Based on an average daily trading volume, of 9,640,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 4.4% of the company's stock are short sold.
View TechnipFMC's Short Interest
.

When is TechnipFMC's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 19th 2022.
View our FTI earnings forecast
.

How were TechnipFMC's earnings last quarter?

TechnipFMC plc (NYSE:FTI) announced its earnings results on Wednesday, July, 27th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.02. The oil and gas company earned $1.72 billion during the quarter, compared to analysts' expectations of $1.71 billion. TechnipFMC had a negative trailing twelve-month return on equity of 2.48% and a negative net margin of 3.88%. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share.

How will TechnipFMC's stock buyback program work?

TechnipFMC declared that its board has authorized a share 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 stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its stock is undervalued.

What guidance has TechnipFMC issued on next quarter's earnings?

TechnipFMC issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided EPS 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.

What is John T. Gremp's approval rating as TechnipFMC's CEO?

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.

What other stocks do shareholders of TechnipFMC own?

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).

What is TechnipFMC's stock symbol?

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

Who are TechnipFMC's major shareholders?

TechnipFMC's stock is owned by a number of retail and institutional investors. Top institutional investors include Pzena Investment Management LLC (5.82%), Van ECK Associates Corp (4.23%), ARGA Investment Management LP (1.48%), Russell Investments Group Ltd. (0.90%), Monaco Asset Management SAM (0.89%) and Vaughan Nelson Investment Management L.P. (0.53%). Insiders that own company stock include Maryann T Mannen and Olivier Piou.
View institutional ownership trends
.

How do I buy shares of TechnipFMC?

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.
Compare Top Brokerages Here.

What is TechnipFMC's stock price today?

One share of FTI stock can currently be purchased for approximately $8.55.

How much money does TechnipFMC make?

TechnipFMC (NYSE:FTI) has a market capitalization of $3.87 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 ($0.55) on an earnings per share basis.

How many employees does TechnipFMC have?

The company employs 22,002 workers across the globe.

Does TechnipFMC have any subsidiaries?

The following companies are subsidiares of TechnipFMC: CyXplus, Cybernetix, FMC Technologies Inc, Global Industries, Hummingbird Technology, Inocean, Magma Global, Shaw Energy & Chemicals, Stone & Webster Process Technologies, Technip Odebrecht PLSV CV, Technip Offshore International, Technip USA Inc, Technip Zimmer, Technip-EPG B.V, Technip-EPG B.V., and TechnipFMC Holdings Limited.
Read More

When was TechnipFMC founded?

TechnipFMC was founded in 2017.

How can I contact TechnipFMC?

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.

This page (NYSE:FTI) was last updated on 8/10/2022 by MarketBeat.com Staff

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