In a report released on April 26, David Anderson from Barclays maintained a Buy rating on TechnipFMC (FTI – Research Report), with a price target of $34.00. The company’s shares closed last Friday at $26.59.
Anderson covers the Energy sector, focusing on stocks such as TechnipFMC, Schlumberger, and Halliburton. According to TipRanks, Anderson has an average return of -0.3% and a 44.57% success rate on recommended stocks.
TechnipFMC has an analyst consensus of Moderate Buy, with a price target consensus of $29.28, a 10.12% upside from current levels. In a report released on April 26, TD Cowen also maintained a Buy rating on the stock with a $32.00 price target.
Based on TechnipFMC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.08 billion and a net profit of $53 million. In comparison, last year the company earned a revenue of $1.69 billion and had a GAAP net loss of $37.3 million
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FTI in relation to earlier this year.
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TechnipFMC (FTI) Company Description:
TechnipFMC Plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea, Onshore & Offshore, and Surface Technologies. The Subsea segment engages in designing, engineering, procurement, manufacturing, fabrication and installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation. The Onshore & Offshore segment offers designing and project development services. The Surface Technologies segment designs and manufactures products & systems, and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and natural gas. The company was founded on December 9, 2015 and is headquartered in London, the United Kingdom.
