23.03 0.00 (0.00%)
After hours: 6:22PM EST
|Bid||0.00 x 1200|
|Ask||0.00 x 38800|
|Day's Range||22.58 - 23.11|
|52 Week Range||18.20 - 34.97|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||58.16|
|Forward Dividend & Yield||0.52 (2.29%)|
|1y Target Est||N/A|
The Zacks Analyst Blog Highlights: Royal Dutch, SemGroup, Nabors Industries, TechnipFMC and BP
Royal Dutch Shell (RDS.A) started up its fourth linear alpha olefins unit at its Geismar chemicals plant, while SemGroup (SEMG) and KKR teamed up for a Canadian midstream infrastructure platform.
What to Expect from Schlumberger’s Q4 Earnings(Continued from Prior Part)North America operationsIn the third quarter, Schlumberger’s (SLB) North America operations contributed 38% of its revenues. The North America revenues rose 2%
Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as TechnipFMC plc (NYSE:FTI), with a market capitalization of US$9.4b, rarely draw their attention from the investing community. Read More...
Thierry Pilenko will leave his post as executive chairman of TechnipFMC PLC (NYSE: FTI) in the second quarter. The company, which formed via a merger between Technip and FMC Technologies in January 2017, originally appointed Pilenko to his board position to maintain leadership continuity for a number of projects, according to a Jan. 9 filing with the U.S. Securities and Exchange Commission. Now that TechnipFMC has completed two large liquefied natural gas projects — Prelude FLNG and Yamal LNG — Pilenko announced plans to retire.
TechnipFMC (FTI) will provide engineering, procurement, fabrication, transportation & installation services for Saudi Aramco's offshore prospects, per its long-term Offshore Agreement with the latter.
Conventional wisdom says that insiders and 10 percent owners really only buy shares of a company for one reason -- they believe the stock price will rise and they want to profit from it. FedEx Corporation (NYSE: FDX) saw a director start off the new year by adding to his stake.
Dec 26 (Reuters) - Malaysia Marine and Heavy Engineering Holdings Bhd: * AWARDED A CONTRACT FOR FABRICATION OF THE PLUTO WATER HANDLING MODULE FROM TECHNIPFMC * UNIT & TECHNIPFMC SIGN LONG-TERM OFFSHORE ...
Dec 24 (Reuters) - Leaf Resources Ltd: * SIGNS TECHNIPFMC FOR MALAYSIAN PROJECT DEVELOPMENT Source text for Eikon: Further company coverage:
TOTAL (TOT) announced it was paring its stake in the Ichthys liquefied natural gas project, while Suncor (SU) and Phillips 66 (PSX) set their investment budgets for 2019.
In addition to boosting the repurchase program, TechnipFMC (FTI) also outlines its financial guidance and capex budget for 2019.
Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The one and a half month time period since the end of the […]
While the company's guidance and backlog raise optimism about TechnipFMC (FTI), we are not certain if the company can turnaround soon.
First Eagle Investment Management, The Vanguard Group, and State Street Global Advisors are the top three investors in TechnipFMC (FTI). The three own 7.2%, 6.2%, and 5.7%, respectively, of the company’s outstanding shares. Together, the top ten investors own 40.1% of TechnipFMC’s outstanding shares.
The Vanguard Group, Dodge & Cox, and First Eagle Investment Management are the top three institutional investors in National Oilwell Varco (NOV). The three own 10.6%, 7.0%, and 6.6% of NOV’s outstanding shares. Together, the top ten investors in NOV own 51.4% of its outstanding shares.
Scottish marine salvage group Ardent is adapting the tanksit used to refloat the Costa Concordia, the cruise ship wrecked off the Italian coast in 2012, to decommission North Sea oil platforms. It is one of several companies trying new ideas to win business in the market for dismantling disused oil platforms. In Britain's ageing oil fields alone, the opportunities could be worth up to 17 billion pounds before 2025, according to industry body Oil and Gas UK.
Scottish marine salvage group Ardent is adapting the tanks it used to refloat the Costa Concordia, the cruise ship wrecked off the Italian coast in 2012, to decommission North Sea oil platforms. It is one of several companies trying new ideas to win business in the market for dismantling disused oil platforms. In Britain's ageing oil fields alone, the opportunities could be worth up to 17 billion pounds before 2025, according to industry body Oil and Gas UK.
As we discussed in the first part of this series, Helmerich & Payne (HP) has the lowest upside potential among the oilfield services stocks that we’re discussing in this series. Based on the mean target price, Helmerich & Payne has an upside potential of ~22% compared to an upside potential of more than 50% for Halliburton (HAL), TechnipFMC (FTI), Baker Hughes (BHGE), and Schlumberger (SLB)—based on their respective mean target prices. Among the 27 analysts surveyed by Reuters covering Helmerich & Payne, four rated it as a “strong buy,” six rated it as a “buy,” ten rated it as a “hold,” six rated it as a “sell,” and one rated it as a “strong sell.” The mean target price for Helmerich & Payne is $70.7, which implies an upside potential of ~22% from its current price.
So far, National Oilwell Varco (NOV) has outperformed its peers in 2018. The stock has fallen ~11% year-to-date. In comparison, Schlumberger (SLB), Haliburton (HAL), and TechnipFMC (FTI) have fallen ~32%, 35%, and 26%, respectively, during the same period. Among the 29 analysts surveyed by Reuters covering National Oilwell Varco, three analysts rated it as a “strong buy,” seven rated it as a “buy,” 17 rated it as a “hold,” and two rated it as a “sell.”
In this series, we’re discussing analysts’ recommendations for oilfield services stocks. So far, we’ve discussed analysts’ recommendations for Halliburton (HAL), TechnipFMC (FTI), and Baker Hughes (BHGE). Among the 36 analysts surveyed by Reuters covering Schlumberger (SLB), seven rated it as a “strong buy,” 15 rated it as a “buy,” 13 rated it as a “hold,” and one rated it as a “sell.”
On November 13, Baker Hughes (BHGE) and General Electric (GE) announced agreements aimed at accelerating the planned separation of the two companies. General Electric announced a secondary offering of 92 million Baker Hughes common shares at a price of $23 per share. Baker Hughes will also repurchase 65 million shares from General Electric. The agreements will bring down General Electric’s stake in Baker Hughes from the current 62.5% to over 50%.
Among the analysts surveyed by Reuters covering TechnipFMC (FTI), 72% rated it as a “buy.” TechnipFMC has the most “buy” ratings after Halliburton (HAL), which we discussed in the previous part of this series. Among the analysts, 16% of the analysts rated TechnipFMC as a “hold,” while 12% rated it as a “sell.” The mean target price for TechnipFMC is $35.7, which implies an upside potential of 52% from its current price of $23.5.
Among the oilfield services stocks that we’re discussing in this series, Halliburton (HAL) got the most “buy” recommendations from the analysts surveyed by Reuters. Among the 36 analysts covering Halliburton, 13 rated it as a “strong buy,” 17 rated it as a “buy,” five rated it as a “hold,” and one rated it as a “sell.” The mean target price for Halliburton is $49.2, which implies a massive upside potential of 52% from its current price of $32.3. The above graph shows how analysts’ rating and mean target price for Halliburton changed over 12 months.