In a report released on October 26, Bertrand Hodee from Kepler Capital maintained a Hold rating on TechnipFMC (FTI – Research Report), with a price target of $19.50. The company’s shares closed yesterday at $21.60.
According to TipRanks, Hodee is a top 100 analyst with an average return of 20.1% and a 65.63% success rate.
In addition to Kepler Capital , TechnipFMC also received a Hold from Jefferies’s Mark Wilson in a report issued on October 13. However, yesterday, J.P. Morgan maintained a Buy rating on TechnipFMC (NYSE: FTI).
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Based on TechnipFMC’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.05 billion and a GAAP net loss of $87.2 million. In comparison, last year the company earned a revenue of $1.73 billion and had a GAAP net loss of $10.3 million
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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.
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