TechnipFMC plc [NYSE: FTI] closed the trading session at $9.84 on 06/14/21. The day’s price range saw the stock hit a low of $9.73, while the highest price level was $10.28. The company report on June 3, 2021 that TechnipFMC Awarded First iEPCI™ in Brazil for the Karoon Patola Field.
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) has been awarded its first integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract in Brazil by Karoon Energy (ASX:KAR) for the Patola field development.
The contract covers engineering, procurement, construction and installation of subsea trees, flexible pipes and umbilicals. The project will take place at water depths of 300 meters and will tie back to the existing Baúna Floating Production, Storage and Offloading (FPSO) vessel, Cidade de Itajaí.
The stocks have a year to date performance of 32.72 percent and weekly performance of -4.47 percent. The stock has been moved at 24.38 percent over the last six months. The stock has performed 24.24 percent around the most recent 30 days and changed 12.84 percent over the most recent 3-months.
If compared to the average trading volume of 6.47M shares, FTI reached to a volume of 7060498 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about TechnipFMC plc [FTI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTI shares is $10.04 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTI stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 01, 2021. The new note on the price target was released on March 18, 2021, representing the official price target for TechnipFMC plc stock.
The Average True Range (ATR) for TechnipFMC plc is set at 0.43, with the Price to Sales ratio for FTI stock in the period of the last 12 months amounting to 0.38. The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 4.52. Price to Free Cash Flow for FTI in the course of the last twelve months was 7.17 with Quick ratio for the last quarter at 1.30.
FTI stock trade performance evaluation
TechnipFMC plc [FTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.47. With this latest performance, FTI shares gained by 24.24% in over the last four-week period, additionally plugging by 24.38% over the last 6 months – not to mention a rise of 56.92% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FTI stock in for the last two-week period is set at 61.41, with the RSI for the last a single of trading hit 57.92, and the three-weeks RSI is set at 60.87 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 8.26, while it was recorded at 10.23 for the last single week of trading, and 8.38 for the last 200 days.
TechnipFMC plc [FTI]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and TechnipFMC plc [FTI] shares currently have an operating margin of +5.10 and a Gross Margin at +14.14. TechnipFMC plc’s Net Margin is presently recorded at -25.04.
Return on Total Capital for FTI is now 5.88, given the latest momentum, and Return on Invested Capital for the company is -31.80. Return on Equity for this stock declined to -55.66, with Return on Assets sitting at -15.22. When it comes to the capital structure of this company, TechnipFMC plc [FTI] has a Total Debt to Total Equity ratio set at 126.39. Additionally, FTI Total Debt to Total Capital is recorded at 55.83, with Total Debt to Total Assets ending up at 26.66. Long-Term Debt to Equity for the company is recorded at 101.07, with the Long-Term Debt to Total Capital now at 44.64.
Reflecting on the efficiency of the workforce at the company, TechnipFMC plc [FTI] managed to generate an average of -$93,701 per employee. Receivables Turnover for the company is 2.82 with a Total Asset Turnover recorded at a value of 0.61.TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.60.
Earnings per share (EPS) analysis for TechnipFMC plc [FTI] stock
With the latest financial reports released by the company, TechnipFMC plc posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FTI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TechnipFMC plc go to -2.90%.
TechnipFMC plc [FTI]: Insider Ownership positions
There are presently around $3,547 million, or 88.50% of FTI stock, in the hands of institutional investors. The top three institutional holders of FTI stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 25,132,583, which is approximately 3088.265% of the company’s market cap and around 1.10% of the total institutional ownership; BPIFRANCE SA, holding 24,688,691 shares of the stock with an approximate value of $242.94 million in FTI stocks shares; and VANGUARD GROUP INC, currently with $233.28 million in FTI stock with ownership of nearly -21.498% of the company’s market capitalization.
Positions in TechnipFMC plc stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 133 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 108,951,353 shares. Additionally, 192 investors decreased positions by around 86,353,827 shares, while 39 investors held positions by with 165,157,661 shares. The mentioned changes placed institutional holdings at 360,462,841 shares, according to the latest SEC report filing. FTI stock had 57 new institutional investments in for a total of 32,362,205 shares, while 102 institutional investors sold positions of 24,011,673 shares during the same period.