TechnipFMC plc with ticker code (FTI) have now 11 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 12.35 and 5.77 calculating the mean target price we have 7.93. Given that the stocks previous close was at 6.76 this now indicates there is a potential upside of 17.3%. The 50 day MA is 6.37 while the 200 day moving average is 7.41. The company has a market cap of $2,948m. Company Website: https://www.technipfmc.com
The potential market cap would be $3,458m based on the market concensus.
TechnipFMC plc engages in the oil and gas projects, technologies, and systems and services businesses. It operates through two segments, Subsea and Surface Technologies. The Subsea segment designs and manufactures products and systems; performs engineering, procurement, and project management; and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. The Surface Technologies segment designs and manufactures systems, as well as provides services used by oil and gas companies involved in the land and shallow water exploration and production of crude oil and natural gas. This segment also designs, manufactures, and supplies technologically advanced wellhead systems, and high pressure valves and pumps used in stimulation activities for oilfield service companies, as well as provides installation, flowback, and other services for exploration and production companies. It operates in Europe, Russia, Central Asia, the Americas, the Asia Pacific, Africa, and the Middle East. TechnipFMC plc has a strategic alliance with Talos Energy Inc. to develop and deliver technical and commercial solutions to Carbon Capture and Storage projects. The company was incorporated in 2015 and is headquartered in London, the United Kingdom.
