In a report released yesterday, Gregory Lewis from BTIG maintained a Buy rating on TechnipFMC (FTI – Research Report), with a price target of $28.00. The company’s shares closed last Friday at $20.14.
Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean. According to TipRanks, Lewis has an average return of -1.2% and a 47.42% success rate on recommended stocks.
TechnipFMC has an analyst consensus of Moderate Buy, with a price target consensus of $25.59, a 27.06% upside from current levels. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $25.00 price target.
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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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