FTI - TechnipFMC plc
Chart Events
Momentum
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 6.81 |
| Open | 6.83 |
| Bid | 7.01 x 3100 |
| Ask | 7.16 x 3200 |
| Day's Range | 6.78 - 7.09 |
| 52 Week Range | 4.49 - 28.57 |
| Volume | 4,256,752 |
| Avg. Volume | 6,626,984 |
| Market Cap | 3.247B |
| Beta (5Y Monthly) | 2.24 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -12.73 |
| Earnings Date | Jul 29, 2020 |
| Forward Dividend & Yield | 0.13 (1.75%) |
| Ex-Dividend Date | Mar 23, 2020 |
| 1y Target Est | 11.50 |
Fair Value
Related Research
- Business Wire
Halliburton and TechnipFMC Launch Joint Subsea Fiber Optic Service
Halliburton Company (NYSE: HAL) and TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today introduced Odassea™, the first distributed acoustic sensing solution for subsea wells. The technology platform enables operators to execute intervention-less seismic imaging and reservoir diagnostics to reduce total cost of ownership while improving reservoir knowledge.
- Zacks
TechnipFMC (FTI) Wins Major EPC Contract From Assiut in Egypt
The contract with Assiut emphasizes TechnipFMC's (FTI) close liaison with the Egyptian petroleum sector and further boosts its capacity in delivering complex projects within the African country.
- SmarterAnalyst
TechnipFMC Spikes 11% After-Hours On $1B+ Egypt Contract
Shares in TechnipFMC (FTI) spiked 11% in Tuesday’s after-hours trading after the company announced a major Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.TechnipFMC clarified that a “major” contract is over $1 billion.The contract covers new process units such as a Vacuum Distillation Unit, a Diesel Hydrocracking Unit, a Delayed Coker Unit, a Distillate Hydrotreating Unit as well as a Hydrogen Production Facility Unit using TechnipFMC’s steam reforming technology. The project also includes other process units, interconnecting, offsites and utilities.According to the statement, the plan is to transform lower-value petroleum products from Assiut Oil Refining Company’s (ASORC) nearby refinery into approximately 2.8 million tons per year of cleaner products, such as Euro 5 diesel.“This award demonstrates TechnipFMC’s long-standing relationship with the Egyptian petroleum sector and strengthens our expertise in the delivery of complex projects in the country” commented Catherine MacGregor, President of Technip Energies.She added: “Assiut is considered one of the major strategic projects needed to meet growing local demand for cleaner products, and we are extremely honored to have been selected by ANOPC to contribute to the largest refining project to be implemented in Upper Egypt.”TechnipFMC says it is currently working with ANOPC to complete the remaining conditions precedent so that the project can start.Shares in FTI have plunged 67% year-to-date, and analysts have a cautiously optimistic Moderate Buy consensus on the stock- with 10 recent buy ratings, 3 hold ratings and 1 sell rating. That’s with a $10 average analyst price target (40% upside potential). (See FTI stock analysis on TipRanks).On the bull side comes RBC Capital Kurt Hallead with a buy rating and $12 price target. “FTI offers an absolute and relative value proposition for investors who are willing to focus on mid-cycle earnings power post the COVID-19 and oil price collapse challenges” the analyst stated, noting that the company has a strong balance sheet and ample liquidity.Related News: Billionaire Buffett’s Energy Unit To Buy Dominion Energy Assets For $4B AMC Pops 12% In After-Market Amid Report Of New Restructuring Deal Sunrun To Buy Vivint Solar For About $1.46B In All-Stock Deal More recent articles from Smarter Analyst: * AMC Pops 12% In After-Market Amid Report Of New Restructuring Deal To Avert Bankruptcy * Synaptics Snaps Up AVGO Wireless IoT Rights; Analyst Upgrades Stock * DocuSign Buys Liveoak For $38M To Boost New Notary Offering * Uber Launching Grocery Delivery Service In Latin America, Canada, And US
- Business Wire
TechnipFMC Signs a Major Contract with Assiut National Oil Processing Company (ANOPC) for a New Hydrocracking Complex in Egypt
TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has signed a major(1) Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.
- GuruFocus.com
Wednesday Morning Market Highlights
Markets trade in the green as General Mills falls on earnings report Continue reading...
- Zacks
TechnipFMC Amends $2.5B Credit Facility & EUR 500M Facility
The amendments authorise TechnipFMC (FTI) to take into account $3.2 billion of goodwill for the calculation of consolidated net worth.
- Insider Monkey
TechnipFMC plc (FTI): Hedge Funds De-risking
In this article we will check out the progression of hedge fund sentiment towards TechnipFMC plc (NYSE:FTI) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and 20 […]
- Simply Wall St.
Are Investors Undervaluing TechnipFMC plc (NYSE:FTI) By 40%?
Does the June share price for TechnipFMC plc (NYSE:FTI) reflect what it's really worth? Today, we will estimate the...
- Insider Monkey
Should Value Investors Buy TechnipFMC (FTI) Stock?
Antipodes Partners recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Antipodes Global Fund posted a return of -5.3% for the quarter, outperforming its benchmark, the MSCI AC World Net Index which returned -9.7% in the same quarter. You should check out Antipodes Partners top 5 stock picks […]
- Zacks
FMC Technologies (FTI) Down 5.8% Since Last Earnings Report: Can It Rebound?
FMC Technologies (FTI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Motley Fool
Why These 3 Oil Sector Stocks Rose More Than 30% in April
Shares of oil-field services stocks Oceaneering International (NYSE: OII), Apergy (NYSE: APY), and TechnipFMC (NYSE: FTI) all jumped more than 30% in April, according to data provided by S&P Global Market Intelligence. Technip, which provides general services for oil producers, saw its share price rise 32.2% in April. Onshore drilling specialist Apergy's shares soared 60.2%, while the stock of subsea services provider Oceaneering International skyrocketed 74.8% for the month.
- Reuters
Russian group hires TechnipFMC to design $10 bln LNG plant
Russian investment group A-Property has hired energy services company TechnipFMC to design a $10 billion liquefied natural gas operation in the north of the country that it hopes to complete by 2025 and sell LNG to Asia. A-Property spokeswoman Anastasia Kharitonova told Reuters that the plant and surrounding infrastructure in the remote northern republic of Yakutia would require a $10 billion investment. The LNG plant will aim to produce 13 million tonnes of LNG per year at maximum capacity and will be located relatively close to the Chinese border.
- Moody's
FMC Technologies, Inc. -- Moody's confirms TechnipFMC's Baa2 rating; negative outlook
Moody's Investors Service (Moody's) confirmed TechnipFMC plc's (TechnipFMC) Baa2 issuer rating. Moody's also confirmed the Baa2 rating on TechnipFMC's EUR 450 million unsecured convertible bonds due 2021 and $500 million senior unsecured notes due 2022.
- ACCESSWIRE
TechnipFMC Plc to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / April 23, 2020 / TechnipFMC Plc (NYSE:FTI) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 23, 2020 at 8:00 AM Eastern ...
- Reuters
TechnipFMC cuts executive pay and dividend as pandemic fallout bites
Oil services company TechnipFMC <FTI.N> said on Wednesday it would slash the salaries of executives and retainers paid to company directors by 30%, after cutting its dividend by 75% in search of savings to cushion the impact of the novel coronavirus outbreak. The Franco-American firm, whose clients include major companies in the oil and gas sector, said it had increased its cost savings target to more than $350 million this year from the $130 million it announced on April 1. It lowered executive compensation for the year, cutting the salary of its chairman and chief executive officer by 30%.
- Business Wire
TechnipFMC Awarded Significant Integrated EPCI (iEPCI™) Contract for Woodside’s Lambert Deep and Greater Western Flank Fields in Australia
TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) has been awarded a significant (1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract by Woodside Energy Limited for the development of the Lambert Deep and Phase 3 of the Greater Western Flank fields, located offshore Northwestern Australia.
- Rigzone.com
TechnipFMC Unit Wins Offshore Mexico Contract from BHP
Genesis has won a pre-FEED contract for preliminary design of an FPU. PHOTO SOURCE: Genesis
- American City Business Journals
TechnipFMC joins ranks of energy cos. cutting spending
TechnipFMC PLC (NYSE: FTI) has cut about a third of its spending plans for 2020, and it’s looking to reduce costs even beyond that. TechnipFMC, which has headquarters in Paris, London and Houston, has reduced its 2020 capital expenditure plan by $150 million, landing at $300 million, the company said in a press release.
- Moody's
FMC Technologies, Inc. -- Moody's announces completion of a periodic review of ratings of TechnipFMC plc
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of TechnipFMC plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
- Rigzone.com
TechnipFMC Cuts Capex 30 Percent
TechnipFMC has lowered its 2020 capital expenditures by 30 percent to $300 million in response to current market conditions.
- American City Business Journals
Robot factory expansion plans stall in West Sacramento
The largest customers for Technip’s submersibles are in the oil and gas industry for exploration and maintenance operations.
- Insider Monkey
Hedge Funds Were Dumping TechnipFMC plc (FTI) Before The Coronavirus
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- American City Business Journals
TechnipFMC widens gap between CEO, employee compensation
Both sets of compensation rose, but the CEO's rose by proportionally more than his median employee's.
- Rigzone.com
TechnipFMC Halts Split
TechnipFMC has put its planned separation into two companies on hold.
- American City Business Journals
TechnipFMC delays spinoff on concerns over pandemic, markets
TechnipFMC PLC (NYSE: FTI) has decided to delay a much-anticipated deal that would split it into two companies on concerns about the ongoing global pandemic and other issues. The coronavirus outbreak, a sharp decline in oil prices and equity market volatility have materially changed the environment in which TechnipFMC would conduct the split, the company said in a March 15 press release. “The impacts of these events have created a market environment that is not currently conducive to the company’s planned separation into TechnipFMC and Technip Energies,” the company said.
