In a report issued on December 14, Kevin Roger from Kepler Capital upgraded TechnipFMC (FTI) to Buy, with a price target of EUR8.30. The company’s shares closed last Tuesday at $9.96.
Roger has an average return of 7.3% when recommending TechnipFMC.
According to TipRanks.com, Roger is ranked #912 out of 7146 analysts.
TechnipFMC has an analyst consensus of Strong Buy, with a price target consensus of $10.64, which is a 12.4% upside from current levels. In a report issued on December 14, Citigroup also maintained a Buy rating on the stock with a EUR10.20 price target.
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The company has a one-year high of $21.84 and a one-year low of $4.49. Currently, TechnipFMC has an average volume of 6.8M.
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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.
