|Bid||25.30 x 900|
|Ask||0.00 x 4000|
|Day's Range||32.28 - 32.96|
|52 Week Range||24.53 - 35.00|
|PE Ratio (TTM)||134.75|
|Earnings Date||Feb 14, 2017 - Feb 20, 2017|
|Forward Dividend & Yield||0.52 (1.61%)|
|1y Target Est||36.15|
TechnipFMC (FTI) (FTI.PA) (ISIN:GB00BDSFG982) and DOF Subsea (DOF) announce that the Skandi Recife, a Brazilian-flagged flexible lay and construction vessel owned by the joint venture formed between TechnipFMC (50%) and DOF (50%), commenced its 8-year charter contract with Petróleo Brasileiro S.A. (Petrobras). Skandi Recife has state of the art pipelay and marine technology. Under the TechnipFMC/DOF joint venture agreement, TechnipFMC will manage flexible pipelay, and DOF will be responsible for marine operations.
TechnipFMC (FTI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
TechnipFMC's (FTI) latest contract boosts its onshore/offshore backlog and also strengthens its ties with Woodside Petroleum.
TechnipFMC (FTI) (FTI.PA) has been awarded a contract by Woodside to upgrade the Pluto Platform Offshore for water treatment, located offshore Western Australia. The contract includes the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) of the Pluto Water Handling Module. This module, to be installed on the existing Pluto Alpha Gas Production Platform, will consist of facilities for water separation and treatment, together with upgraded power generation units.
On May 31, the EIA (U.S. Energy Information Administration) released its weekly crude oil inventory report. The EIA reported that US crude oil inventories decreased by ~3.6 MMbbls (million barrels) to 434.5 MMbbls on May 18–25. The inventories also declined by 78.2 MMbbls or ~15% YoY (year-over-year).
In this article, we’ll look at Wall Street’s recommendations for Schlumberger (SLB). SLB comprises 5.8% of the iShares US Energy ETF (IYE). IYE provides exposure to the US companies that produce and distribute oil and gas. IYE has decreased 13.0% in the past year versus a nearly unchanged stock price in SLB during the same period.
TechnipFMC (FTI) (FTI) has been awarded a subsea contract by CNOOC Limited for the Liuhua 16-2, 20-2 and 21-2 Oilfield Joint Development Project in the South China Sea, at water depths ranging from 380 to 430 meters. The contract covers the Engineering, Procurement and Construction of subsea equipment, including 26 units of Enhanced Horizontal Christmas Trees (EHXT) as well as Wellheads, Subsea Control Systems, Manifolds, Tie-In Systems and Intervention Workover Control Systems (IWOCS). This contract also covers support services for the installation and commissioning, as well as the provision of a local services support base in China.
On May 25, Keane Group’s (FRAC) implied volatility was 40.1%. On May 2, Keane Group’s first-quarter financial results came out. Since then, FRAC’s implied volatility has decreased from 44% to this level. Since May 2, FRAC’s stock price has decreased nearly 4%. FRAC is 2.4% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the oil and gas equipment and services segment. XES has remained unchanged since May 2. Keane Group’s seven-day stock price forecast
Halliburton’s (HAL) implied volatility was 25.4% on May 25. On April 23, the day Halliburton released its first-quarter earnings, its implied volatility was 24.9%. Since then, Halliburton’s implied volatility has increased. Halliburton accounts for 3.0% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the energy sector’s oil and gas equipment and services segment. XES has increased 1% since April 23—compared to a 4% fall in Halliburton’s stock price during the same period. ...
Between May 2, when NOW (DNOW) released its first-quarter results, and May 23, its implied volatility fell from 43.7% to 39.1% and its stock price rose ~5.4%. DNOW comprises 0.18% of the iShares S&P Mid-Cap 400 Value ETF (IJJ), which provides exposure to US mid-cap stocks that are considered undervalued by the market. The energy sector accounts for 11.2% of IJJ, which has risen ~6% since May 2. NOW’s seven-day stock price forecast
On May 23, the EIA released its weekly US crude oil production data. The EIA reported that US crude oil production increased by 2,000 bpd (barrels per day) to a record high of 10,725,000 bpd on May 11–18. The production also increased by 1,405,000 bpd or ~15.1% year-over-year.
Schlumberger’s production group witnessed the highest revenue growth (~35%) in the first quarter compared to Q1 2017, followed by the Drilling (7.1%) and Cameron (5%) groups. On the other hand, the Reservoir Characterization group saw a 3.8% revenue fall.
In this final part of the series, we’ll look at Wall Street’s targets for OFS (oilfield equipment and services) stocks that produced the lowest free cash flows (or FCF) in the first quarter. Approximately 13% of the Wall Street analysts tracking National Oilwell Varco (NOV) have recommended a “buy” or equivalent as of May 18. Analysts’ consensus target price for NOV was $36.30 as of March 23.
LONDON, UK / ACCESSWIRE / May 24, 2018 / If you want access to our free research report on TechnipFMC PLC (NYSE: FTI), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=FTI as the Company's latest news hit the wire. On May 22, 2018, a consortium of TechnipFMC and L&T Hydrocarbon Engineering ("LTHE") announced that they have been awarded Engineering, Procurement, Construction and Commissioning (EPCC) contracts by Hindustan Urvarak and Rasayan Limited ("HURL") for two fertilizer plants in India.
Short interest in TechnipFMC (FTI) as a percentage of its float was 1.9% as of May 18 compared to 2% the previous year. Since May 18, 2017, short interest in FTI has decreased 6%. So investors’ negative bets on FTI have decreased in the past year. Since May 18, 2017, FTI stock has risen ~7%.
In this series, we’ve been looking at the lowest five OFS (oilfield equipment and services) companies by free cash flow (or FCF) for the first quarter. In this part, we’ll look at their stock returns for the past year.
TechnipFMC plc (“TechnipFMC”) (FTI) (FTI.PA) (ISIN:GB00BDSFG982) announced today the expiration of the exchange offer for its outstanding unregistered 3.45% Senior Notes due 2022, Series A (the “Outstanding Notes”). The Outstanding Notes were issued on March 29, 2017, in a private placement exempt from the registration requirements of the U.S. Securities Act of 1933, as amended. In the exchange offer, $459,764,000 aggregate principal amount of Outstanding Notes were validly tendered and not validly withdrawn prior to the expiration of the exchange offer at 5:00 p.m., New York City time, on May 22, 2018, which represents 100% of the aggregate principal amount of Outstanding Notes outstanding upon commencement of the exchange offer.
TechnipFMC’s (FTI) cash flow from operating activities (or CFO) was negative in the first quarter and declined sharply year-over-year. It generated -$201 million of CFO in the first quarter. Year-over-year, its revenues declined following its subsea project completions in Africa and project completions in its Onshore-Offshore segment.
In this series, we’ll be looking at the lowest five free cash flow (or FCF) companies in the first quarter for the OFS (oilfield equipment and services) industry, excluding offshore drillers. We’ve selected OFS companies with market capitalizations of more than $100 million. Free cash flow is cash flow from operations less capex.
On Monday, May 21, 2018, US markets saw broad based gains with eight out of nine sectors finishing the trading sessions in green. All you have to do is sign up today for this free limited time offer by clicking the link below.