TechnipFMC plc [FTI] stock Downgrade by Exane BNP Paribas analyst, price target now $23.50

TechnipFMC plc [NYSE: FTI] stock went on a downward path that fall over -3.93% on Monday, amounting to a one-week price decrease of less than -5.41%. The company report on January 3, 2024 at 3:15 PM that TechnipFMC Awarded Major iEPCI™ Contract by Petrobras for Mero 3 HISEP® Project.

TechnipFMC (NYSE: FTI) has been awarded a major(1) integrated Engineering, Procurement, Construction, and Installation (iEPCI™) contract by Petrobras to deliver the Mero 3 HISEP® project, which uses subsea processing to capture carbon dioxide-rich dense gases and then inject them into the reservoir.

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TechnipFMC, in partnership with Petrobras, has advanced the qualification of some of the core technologies needed to deliver the HISEP® (High Pressure Separation) process entirely subsea, several of which are proprietary and will be used in other subsea applications. These include gas separation systems and dense gas pumps which enable the injection of CO2-rich dense gas.

Over the last 12 months, FTI stock rose by 61.17%. The one-year TechnipFMC plc stock forecast points to a potential upside of 26.82. The average equity rating for FTI stock is currently 1.55, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $8.30 billion, with 442.20 million shares outstanding and 430.49 million shares in the current float. Compared to the average trading volume of 5.14M shares, FTI stock reached a trading volume of 6867547 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 $26.03 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 1.55. 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.

Exane BNP Paribas have made an estimate for TechnipFMC plc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 06, 2023.

The Average True Range (ATR) for TechnipFMC plc is set at 0.55, with the Price to Sales ratio for FTI stock in the period of the last 12 months amounting to 1.12. The Price to Book ratio for the last quarter was 2.70, with the Price to Cash per share for the same quarter was set at 1.80. Price to Free Cash Flow for FTI in the course of the last twelve months was 26.95 with Quick ratio for the last quarter at 0.91.

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 -5.41. With this latest performance, FTI shares gained by 1.01% in over the last four-week period, additionally plugging by 9.61% over the last 6 months – not to mention a rise of 61.17% 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 36.92, with the RSI for the last a single of trading hit 31.19, and the three-weeks RSI is set at 40.47 for TechnipFMC plc [FTI]. The present Moving Average for the last 50 days of trading for this stock 20.53, while it was recorded at 19.67 for the last single week of trading, and 17.72 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 +3.53 and a Gross Margin at +13.75. TechnipFMC plc’s Net Margin is presently recorded at -0.92.

Return on Total Capital for FTI is now 3.99, given the latest momentum, and Return on Invested Capital for the company is -1.15. Return on Equity for this stock declined to -1.86, with Return on Assets sitting at -0.64. When it comes to the capital structure of this company, TechnipFMC plc [FTI] has a Total Debt to Total Equity ratio set at 70.73. Additionally, FTI Total Debt to Total Capital is recorded at 41.43, with Total Debt to Total Assets ending up at 24.27. Long-Term Debt to Equity for the company is recorded at 53.59, with the Long-Term Debt to Total Capital now at 31.39.

Reflecting on the efficiency of the workforce at the company, TechnipFMC plc [FTI] managed to generate an average of -$2,651 per employee. Receivables Turnover for the company is 2.81 with a Total Asset Turnover recorded at a value of 0.69.TechnipFMC plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.91 and a Current Ratio set at 1.19.

FTI Stock EPS

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] Institutonal Ownership Details

The top three institutional holders of FTI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in FTI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in FTI stock with ownership which is approximately 5.8325%.