Investor Insight: TechnipFMC plc (FTI) Goes Ballistic – Investor Confidence on the Rise

TechnipFMC plc (NYSE:FTI) shares traded -4.05% lower at $21.10 on Wall Street last session.

In accordance with the data, 22 analysts cover TechnipFMC plc (NYSE:FTI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $32.00 and a low of $20.00, we find $25.00. Given the previous closing price of $21.99, this indicates a potential upside of 13.69 percent. FTI stock price is now 2.72% away from the 50-day moving average and 28.70% away from the 200-day moving average. The market capitalization of the company currently stands at $9.19B.

It has been rated a hold by 5 analysts and a buy by 15. Brokers who have rated the stock have averaged $25.48 as their price target over the next twelve months.

With the price target maintained at $23.50, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for TechnipFMC plc (NYSE: FTI).

In other news, de Carvalho Filho Eleazar, Director sold 22,208 shares of the company’s stock on Mar 09. The stock was sold for $335,341 at an average price of $15.10. Upon completion of the transaction, the Director now directly owns 107,092 shares in the company, valued at $2.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 29, President Subsea Landes Jonathan sold 10,400 shares of the business’s stock. A total of $124,800 was realized by selling the stock at an average price of $12.00. This leaves the insider owning 138,545 shares of the company worth $2.92 million. Insiders disposed of 38,866 shares of company stock worth roughly $0.82 million over the past 1 year. A total of 1.13% of the company’s stock is owned by insiders.

TechnipFMC plc (NYSE: FTI) opened at $21.71 on Tuesday. During the past 12 months, TechnipFMC plc has had a low of $11.09 and a high of $22.78. As of last week, the company has a debt-to-equity ratio of 0.73, a current ratio of 1.19, and a quick ratio of 0.91. The fifty day moving average price for FTI is $20.54 and a two-hundred day moving average price translates $16.39 for the stock.

The latest earnings results from TechnipFMC plc (NYSE: FTI) was released for Sep, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.1, missing analysts’ expectations of $0.15 by -0.05. This compares to -$0.03 EPS in the same period last year. The net profit margin was -0.46% and return on equity was -0.76% for FTI. The company reported revenue of $2.06 billion for the quarter, compared to $1.73 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.69 percent. For the current quarter, analysts expect FTI to generate $1.98B in revenue.

TechnipFMC plc(FTI) Company Profile

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 flexible pipe; 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. 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 surface wellheads and production trees systems; iComplete, a pressure control system; fracturing tree and manifold systems; pressure pumping; safety and integrity systems, multiphase meter modules, in-line separation and processing systems, and standard pumps; well control and integrity systems, flowback and well testing services; skid systems; 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 carbon transportation and storage services. The company was founded in 1884 and is based in Newcastle Upon Tyne, the United Kingdom.

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