TechnipFMC plc [NYSE: FTI] stock went on an upward path that rose over 0.12% on Friday, amounting to a one-week price decrease of less than -5.67%. The company report on May 25, 2022 that TechnipFMC Awarded Significant Contract by Equinor for Halten East Development.
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TechnipFMC (NYSE: FTI) has been awarded a significant(1) engineering, procurement, construction, and installation (EPCI) contract by Equinor for subsea tiebacks for the Halten East development on the Norwegian Continental Shelf.
The contract covers the manufacture and installation of flowlines and the installation of umbilicals and subsea structures. The development of Halten East consists of the Gamma, Harepus, Flyndretind, Nona, Sigrid and Natalia discoveries. Halten East is a subsea development tied back to the existing infrastructure on the Åsgard field.
Over the last 12 months, FTI stock dropped by -21.71%. The one-year TechnipFMC plc stock forecast points to a potential upside of 25.57. The average equity rating for FTI stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.68 billion, with 451.10 million shares outstanding and 446.34 million shares in the current float. Compared to the average trading volume of 9.72M shares, FTI stock reached a trading volume of 9753778 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $10.95 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.
Societe Generale have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 19, 2022. While these analysts kept the previous recommendation, BofA Securities raised their target price to Neutral. The new note on the price target was released on March 04, 2022, 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 0.58. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 2.85. Price to Free Cash Flow for FTI in the course of the last twelve months was 125.63 with Quick ratio for the last quarter at 1.10.
FTI Stock Performance Analysis:
TechnipFMC plc [FTI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.67. With this latest performance, FTI shares gained by 3.69% in over the last four-week period, additionally plugging by 38.37% over the last 6 months – not to mention a drop of -21.71% 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 54.20, with the RSI for the last a single of trading hit 53.77, and the three-weeks RSI is set at 53.96 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 7.80, while it was recorded at 8.32 for the last single week of trading, and 7.10 for the last 200 days.
Insight into TechnipFMC plc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and TechnipFMC plc [FTI] shares currently have an operating margin of +1.91 and a Gross Margin at +13.16. TechnipFMC plc’s Net Margin is presently recorded at +1.36.
Return on Equity for this stock inclined to 2.32, with Return on Assets sitting at 0.59.
TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.
TechnipFMC plc [FTI] Insider Position Details
There are presently around $3,370 million, or 95.80% 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 60,469,855, which is approximately 18.126% of the company’s market cap and around 1.20% of the total institutional ownership; FMR LLC, holding 32,124,052 shares of the stock with an approximate value of $261.81 million in FTI stocks shares; and PZENA INVESTMENT MANAGEMENT LLC, currently with $222.38 million in FTI stock with ownership of nearly 29.623% 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 173 institutional holders increased their position in TechnipFMC plc [NYSE:FTI] by around 109,133,511 shares. Additionally, 114 investors decreased positions by around 78,965,458 shares, while 36 investors held positions by with 225,364,192 shares. The mentioned changes placed institutional holdings at 413,463,161 shares, according to the latest SEC report filing. FTI stock had 60 new institutional investments in for a total of 16,061,210 shares, while 47 institutional investors sold positions of 30,010,248 shares during the same period.