TechnipFMC plc Ordinary Share (NYSE:FTI).
On June 21, 2017 the stock rating was rated “Neutral” by Seaport Global which was a cut from the previous “Neutral” rating. On May 16 the company was changed to a “Market Perform” according to a Bernstein report which is up from the previous “Underperform” rating.
On November 23 the company was upgraded to “Buy” from “” and a price target of $46.00 was set in a report issued by Griffin Securities. On October 20 the company was set at “Buy” in a report from UBS a boost from the previous “Neutral” rating.
On September 22 the company was changed to a “Neutral” by Seaport Global down from the previous “” rating.
In the market the company is trading up from yesterday’s close of $27.58. Company shares last traded at $27.61 slightly below $29.03, the 50 day moving average and which is marginally under the 200 day moving average of $32.11. The 50 day moving average moved down $-1.42 and the 200 day average went down by -14.02%.
TechnipFMC plc is involved in the business of oil and gas projects, technologies, systems and services. The Company offers a portfolio of solutions for production and transformation of oil and gas. The Business’s integrated offerings range from individual products and services to integrated solutions with a single interface to ensure execution. The Company provides services across three distinct segments: subsea, onshore/offshore, and surface projects. The Business’s Subsea products include trees, manifolds, controls, templates, flowline systems, umbilicals, flexibles and subsea processing. The Business’s Subsea projects include front end to decommissioning; field architecture, integrated design, and engineering, procurement, construction and installation. The Business’s Subsea services include drilling; installation, completion, and life of field; asset management; well intervention and inspection maintenance and repair (IMR), and remotely operated underwater vehicles (ROVs) and manipulator systems..
The company’s P/E ratio is 16.56 and market cap is 12.88B. In the last earnings report the EPS was $1.67 and is projected to be $1.06 for the current year with 466,500,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.42 with next year’s EPS projected to be $1.59.