In a report issued on April 19, Kevin Roger from Kepler Capital maintained a Hold rating on TechnipFMC (FTI), with a price target of EUR6.80. The company’s shares closed last Tuesday at $6.94.
According to TipRanks.com, Roger is a 5-star analyst with an average return of 22.7% and a 64.9% success rate. Roger covers the Industrial Goods sector, focusing on stocks such as Shelf Drilling, BW Offshore, and CGG Veritas.
TechnipFMC has an analyst consensus of Moderate Buy, with a price target consensus of $10.01, which is a 39.2% upside from current levels. In a report issued on April 16, Morgan Stanley also maintained a Hold rating on the stock with a $8.50 price target.
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Based on TechnipFMC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.43 billion and GAAP net loss of $39.3 million. In comparison, last year the company earned revenue of $3.73 billion and had a GAAP net loss of $2.41 billion.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FTI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TechnipFMC Plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea, Onshore & Offshore, and Surface Technologies. The Subsea segment engages in designing, engineering, procurement, manufacturing, fabrication and installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation. The Onshore & Offshore segment offers designing and project development services. The Surface Technologies segment designs and manufactures products & systems, and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and natural gas. The company was founded on December 9, 2015 and is headquartered in London, the United Kingdom.