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 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.