TechnipFMC - FTI Stock Forecast, Price & News

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 Analyst Weigh In

Several brokerages recently issued reports on FTI. Societe Generale raised TechnipFMC from a "hold" rating to a "buy" rating and raised their target price for the stock from $7.57 to $10.00 in a research report on Tuesday, April 19th. Bank of America raised TechnipFMC from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $9.50 to $8.00 in a research report on Friday, July 15th. Cowen lowered their target price on TechnipFMC from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, June 23rd. Finally, Cowen lowered their target price on TechnipFMC from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Thursday, June 23rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, TechnipFMC has an average rating of "Moderate Buy" and a consensus price target of $10.88.

TechnipFMC Stock Performance

Shares of NYSE:FTI traded down $0.35 during mid-day trading on Tuesday, reaching $8.34. The company had a trading volume of 271,603 shares, compared to its average volume of 7,383,341. The company has a current ratio of 1.29, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of -15.15 and a beta of 1.91. The company's 50-day moving average price is $7.08 and its 200-day moving average price is $7.34. TechnipFMC has a one year low of $5.47 and a one year high of $9.10.

TechnipFMC (NYSE:FTI - Get Rating) last issued its earnings results on Wednesday, July 27th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the firm earned ($0.06) EPS. The company's revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts anticipate that TechnipFMC will post 0.16 EPS for the current fiscal year.