TechnipFMC - FTI Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TechnipFMC in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" FTI shares.
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11 analysts have issued 12 month target prices for TechnipFMC's shares. Their FTI share price forecasts range from $8.00 to $14.50. On average, they expect the company's stock price to reach $11.35 in the next twelve months. This suggests a possible upside of 40.8% 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 36.1% and is now trading at $8.06.
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TechnipFMC saw a decline in short interest during the month of August. As of August 15th, there was short interest totaling 18,830,000 shares, a decline of 12.5% from the July 31st total of 21,530,000 shares. Based on an average daily trading volume, of 8,420,000 shares, the short-interest ratio is currently 2.2 days. Currently, 4.3% of the company's shares are short sold.
View TechnipFMC's Short Interest.

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

TechnipFMC plc (NYSE:FTI) announced its earnings results on Wednesday, July, 27th. The oil and gas company reported $0.02 EPS 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 analyst estimates 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%. TechnipFMC's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS.

TechnipFMC announced that its Board of Directors has approved a share buyback program on Wednesday, July 27th 2022, which authorizes the company to repurchase $400,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 13.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its shares are undervalued.

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.

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 investors include Price T Rowe Associates Inc. MD (14.32%), FMR LLC (10.00%), Pzena Investment Management LLC (5.82%), Franklin Resources Inc. (4.29%), Van ECK Associates Corp (4.23%) and Caisse DE Depot ET Placement DU Quebec (2.15%). 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 $8.06.

TechnipFMC (NYSE:FTI) has a market capitalization of $3.64 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.

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.