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. The company was incorporated in 2015 and is headquartered in London, the United Kingdom.
IPO Year:
Exchange: NYSE
Website: technipfmc.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
2/23/2024 | Buy → Hold | HSBC Securities | |
2/23/2024 | $26.00 → $28.00 | Outperform | TD Cowen |
11/6/2023 | $23.50 | Outperform → Neutral | Exane BNP Paribas |
10/13/2023 | $18.00 → $22.00 | Buy → Hold | Jefferies |
8/1/2023 | $19.50 | Buy → Hold | Kepler |
7/14/2023 | $22.00 | Overweight | CapitalOne |
2/17/2023 | $18.00 | Neutral → Buy | Citigroup |
1/19/2023 | $15.00 | Buy | The Benchmark Company |
10/25/2022 | $13.50 | Hold → Buy | HSBC Securities |
10/7/2022 | $13.00 | Overweight | Piper Sandler |
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TechnipFMC (NYSE:FTI) will host its third-quarter 2024 earnings conference call on Thursday, October 24, 2024, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed via the Investor Relations website or by registering here. A replay of the webcast will be available on the website following the event. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies a
Subsea inbound orders of $2.8 billion; book-to-bill of 1.4x Total Company backlog reached new record of $13.9 billion Cash flow from operations of $231 million; free cash flow of $180 million Full-year financial guidance increased to reflect strong operational performance TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported second quarter 2024 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Change (In millions, except per share amounts) Jun. 30, 2024 Mar. 31, 2024 Ju
TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on September 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on August 20, 2024. The ex-dividend date is August 20, 2024. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking state
TechnipFMC (NYSE:FTI) will host its second quarter 2024 earnings conference call on Thursday, July 25, 2024, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed through the Investor Relations website or at https://edge.media-server.com/mmc/p/2tq8rfrd. An archived version will be available on the website following the webcast. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. Wi
Subsea inbound orders of $2.4 billion; book-to-bill of 1.4 Announced three iEPCI™ awards, each providing first-of-its-kind technology solutions Shareholder distributions of $172 million; expect full-year growth to exceed 70% versus 2023 Achieved investment grade credit rating from S&P Global Ratings TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported first quarter 2024 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Change (In millions, except per share amounts) Mar
TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on June 5, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on May 21, 2024. The ex-dividend date is May 20, 2024. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements are n
Firm Concludes Latest Industrial Carve-Out One Equity Partners ("OEP"), a middle market private equity firm, has completed the acquisition of TechnipFMC's Measurement Solutions business ("the Business"), from TechnipFMC (NYSE:FTI). The Business, which is being rebranded as Guidant, is a leading provider of fiscal measurement technologies, facility asset management and automation solutions, and integrated measurement systems deployed across the energy value chain. Headquartered in Houston, TX, Guidant offers a broad portfolio of measurement technology, digital and automation solutions, and systems across the globe. With manufacturing in the U.S. and Europe; Guidant's portfolio includes S
TechnipFMC (NYSE:FTI) will host its first quarter 2024 earnings conference call on Thursday, April 25, 2024, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed through the TechnipFMC website (investors.technipfmc.com) or at https://edge.media-server.com/mmc/p/567rmuzu/. An archived version will be available on the website following the webcast. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products
Subsea inbound of $1.3 billion; full-year orders of $9.7 billion grew 45% versus 2022 Total Company backlog of $13.2 billion increased 41% versus the prior year Cash flow from operations of $701 million in the quarter; free cash flow of $630 million Shareholder distributions of $77 million in the quarter, $249 million for the full year Subsea order outlook for three-year period through 2025 increased 20% to $30 billion TechnipFMC plc (NYSE:FTI) today reported fourth quarter 2023 results. Summary Financial Results from Continuing Operations - Fourth Quarter 2023 Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.
TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on April 3, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on March 19, 2024. The ex-dividend date is March 18, 2024. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking statements
TechnipFMC (NYSE:FTI) will host its third-quarter 2024 earnings conference call on Thursday, October 24, 2024, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed via the Investor Relations website or by registering here. A replay of the webcast will be available on the website following the event. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies a
TechnipFMC (NYSE:FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will speak at the Barclays 38th Annual CEO Energy-Power Conference on Tuesday, September 3, 2024, at 12:40 p.m. ET in New York, NY. The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event. An audio replay of the webcast will be available on this website for 180 days. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With our proprietary technologies
Subsea inbound orders of $2.8 billion; book-to-bill of 1.4x Total Company backlog reached new record of $13.9 billion Cash flow from operations of $231 million; free cash flow of $180 million Full-year financial guidance increased to reflect strong operational performance TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported second quarter 2024 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Change (In millions, except per share amounts) Jun. 30, 2024 Mar. 31, 2024 Ju
TechnipFMC (NYSE:FTI) has been awarded a substantial(1) contract by Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil, following completion of a tender. The contract covers the design, engineering, and manufacture of flexible pipe for water injection and gas lift. Jonathan Landes, President, Subsea at TechnipFMC, commented: "One of our core technologies will once again support Petrobras's ambitions, and we are proud of the trust we have built with them over many decades. With this award, we will utilize our global manufacturing capabilities to assist with the continued development of pre-salt reserves." (1) For TechnipFMC, a "substantial" contract is between $2
TechnipFMC plc (NYSE:FTI) today announced that its Board of Directors has authorized and declared a quarterly cash dividend of $0.05 per share, payable on September 4, 2024 to shareholders of record as of the close of business on the New York Stock Exchange on August 20, 2024. The ex-dividend date is August 20, 2024. Important Information for Investors and Securityholders Forward-Looking Statement This release contains "forward-looking statements" regarding our future dividend payment obligations as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Such forward-looking state
TechnipFMC (NYSE:FTI) (the "Company") has been awarded a large(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Energean for its Katlan development in the Mediterranean Sea. This is Energean's first project to use TechnipFMC's configure-to-order Subsea 2.0® production systems. The award follows an integrated Front End Engineering and Design (iFEED®) study by TechnipFMC, which optimized the commercial and technological solution for the field. The contract covers the design, manufacture, and installation of the production systems, pipe, umbilicals, and subsea structures. The subsea infrastructure will tie back to the Energean Power floating pro
TechnipFMC (NYSE:FTI) will host its second quarter 2024 earnings conference call on Thursday, July 25, 2024, at 1:30 p.m. London time (8:30 a.m. New York time). A press release announcing the results will be issued prior to the call at approximately 11:45 a.m. London time (6:45 a.m. New York time). The event will be webcast live and can be accessed through the Investor Relations website or at https://edge.media-server.com/mmc/p/2tq8rfrd. An archived version will be available on the website following the webcast. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. Wi
TechnipFMC (NYSE:FTI) announced today that Doug Pferdehirt, Chair and Chief Executive Officer, will address attendees on Tuesday, June 18, at 1:45 p.m. EDT at the following event: J.P. Morgan 2024 Energy, Power and Renewables Conference June 17 – 18, 2024 Location: InterContinental New York Barclay, 111 East 48th St, New York, NY 10017 The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. An audio replay of the webcast will be available following the event. There will be no presentation materials associated with the event. About TechnipFMC TechnipFMC is a leading technology provider to the traditional and new energy in
TechnipFMC (NYSE:FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Woodside Energy (LON: WDS) in Australia. TechnipFMC will design, manufacture, and install the subsea production system, flexible pipe, and umbilicals for the Xena Infill well (XNA03) to support ongoing production from the Pluto LNG Project. The award follows an integrated front end engineering design (iFEED™) study. The project will use the Company's Subsea 2.0® production system. Xena Phase 3 will be tied back to existing subsea infrastructure previously supplied by TechnipFMC. Jonathan Landes, President, Subsea at TechnipFMC, commented: "We
Subsea inbound orders of $2.4 billion; book-to-bill of 1.4 Announced three iEPCI™ awards, each providing first-of-its-kind technology solutions Shareholder distributions of $172 million; expect full-year growth to exceed 70% versus 2023 Achieved investment grade credit rating from S&P Global Ratings TechnipFMC plc (NYSE:FTI) (the "Company" or "TechnipFMC") today reported first quarter 2024 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. Three Months Ended Change (In millions, except per share amounts) Mar
2024 Full-Year Financial Guidance1The Company's full-year financial guidance for 2024 can be found in the table below. Updates to the previous guidance issued on February 22, 2024 are as follows:Subsea revenue in a range of $7.6 - 7.8 billion, which increased from the previous guidance range of $7.2 - 7.6 billion.Subsea adjusted EBITDA margin in a range of 16.5 - 17%, which increased from the previous guidance range of 15.5 - 16.5%.Free cash flow in a range of $425 - 575 million, which increased from the previous guidance range of $350 - 500 million.
TechnipFMC (NYSE:FTI) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.31 by 38.71 percent. This is a 330 percent increase over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $2.325 billion which beat the analyst consensus estimate of $2.236 billion by 4.00 percent. This is a 17.90 percent increase over sales of $1.972 billion the same period last year.
Citigroup analyst Scott Gruber maintains TechnipFMC (NYSE:FTI) with a Buy and raises the price target from $31 to $32.
TechnipFMC's (NYSE:FTI) short percent of float has fallen 10.16% since its last report. The company recently reported that it has 9.42 million shares sold short, which is 2.21% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.32 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
TechnipFMC (NYSE:FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Woodside Energy (LON: WDS) in Australia.TechnipFMC will design, manufacture, and install the subsea production system, flexible pipe, and umbilicals for the Xena Infill well (XNA03) to support ongoing production from the Pluto LNG Project. The award follows an integrated front end engineering design (iFEED™) study.
Piper Sandler analyst Luke Lemoine maintains TechnipFMC (NYSE:FTI) with a Overweight and raises the price target from $30 to $34.
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TechnipFMC (NYSE:FTI) (the "Company") today announced that Robert G. Gwin, former President of Anadarko Petroleum Corporation, has been appointed to its Board of Directors, effective February 1, 2023. The Company also announced that Peter Mellbye will retire from the Board and will not stand for re-election at the Company's next annual general meeting. Doug Pferdehirt, Chair and CEO of TechnipFMC, stated: "Since joining the Board in 2013, Peter has been a tremendous leader, partner and contributor. We have greatly benefitted from his leadership during the evolution of our company and wish him well in his retirement." Mr. Pferdehirt continued, "I am delighted to welcome Bob to the Board. He
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today announced that Sophie Zurquiyah, Chief Executive Officer of CGG S.A., has been appointed to its Board of Directors and Audit Committee, effective April 1, 2021. Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: “I am delighted to welcome Sophie to the Board. She brings a depth of knowledge to our Board, established over 30 years in our industry. With a background in geophysics, technology, sustainability, and digital transformation, Sophie is a proven global business leader who has experience as an executive and board member with international public compa
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) TechnipFMC today announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies. In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of its direct listing on the Euronext Paris Exchange where it will trade under the symbol “TE”.1 Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: “I am delighted to announce the successful completion of the separation transaction. As the market leader and industry’s only fully integr
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)-- TechnipFMC plc (“TechnipFMC”) (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) announces that on 12 January 2021, it filed a Current Report on Form 8-K (the “Form 8-K”) under the U.S. Securities Exchange Act of 1934, as amended, with the U.S. Securities and Exchange Commission (the “SEC”) disclosing TechnipFMC’s entry into certain material agreements relating to TechnipFMC’s previously announced separation into two industry-leading, independent, publicly traded companies. On January 7, 2021, TechnipFMC plc (the “Company”) entered into the following agreements related to its planned separation into two industry-leading, independent, publicly t
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News: TechnipFMC plc (“TechnipFMC”) (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) announces that on 12 January 2021, it filed a Current Report on Form 8-K (the “Form 8-K”) under the U.S. Securities Exchange Act of 1934, as amended, with the U.S. Securities and Exchange Commission (the “SEC”) disclosing TechnipFMC’s entry into certain material agreements relating to TechnipFMC’s previously announced separation into two industry-leading, independent, publicly traded companies. On January 7, 2021, TechnipFMC plc (the “Company”) entered into the following agreements related to its planned separation into two industry-leading, independ
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HSBC Securities downgraded TechnipFMC from Buy to Hold
TD Cowen reiterated coverage of TechnipFMC with a rating of Outperform and set a new price target of $28.00 from $26.00 previously
Exane BNP Paribas downgraded TechnipFMC from Outperform to Neutral and set a new price target of $23.50
Jefferies downgraded TechnipFMC from Buy to Hold and set a new price target of $22.00 from $18.00 previously
Kepler downgraded TechnipFMC from Buy to Hold and set a new price target of $19.50
CapitalOne resumed coverage of TechnipFMC with a rating of Overweight and set a new price target of $22.00
Citigroup upgraded TechnipFMC from Neutral to Buy and set a new price target of $18.00
The Benchmark Company initiated coverage of TechnipFMC with a rating of Buy and set a new price target of $15.00
HSBC Securities upgraded TechnipFMC from Hold to Buy and set a new price target of $13.50
Piper Sandler resumed coverage of TechnipFMC with a rating of Overweight and set a new price target of $13.00