TechnipFMC plc found using ticker (FTI) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 12.5 and 3.5 with the average target price sitting at 7.64. Given that the stocks previous close was at 6.44 this now indicates there is a potential upside of 18.6%. The 50 day moving average now sits at 6.36 and the 200 day MA is 7.43. The market capitalisation for the company is $3,069m. Find out more information at: https://www.technipfmc.com
The potential market cap would be $3,641m 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.
