In a report issued on January 11, Kevin Roger from Kepler Capital upgraded TechnipFMC (FTI) to Buy, with a price target of EUR10.80. The company’s shares closed last Tuesday at $12.83.
Roger has an average return of 21.7% when recommending TechnipFMC.
According to TipRanks.com, Roger is ranked #614 out of 7210 analysts.
Currently, the analyst consensus on TechnipFMC is a Strong Buy with an average price target of $12.77, implying a 6.9% upside from current levels. In a report issued on January 7, Susquehanna also maintained a Buy rating on the stock with a $13.00 price target.
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Based on TechnipFMC’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.34 billion and GAAP net loss of $3.9 million. In comparison, last year the company earned revenue of $3.34 billion and had a GAAP net loss of $119 million.
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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.