Last Updated: 07 Nov 2024
Executive Summary
TechnipFMC PLC (FTI) is a global leader in the oil and gas industry, providing technologies, systems, and services for projects around the world. The company has a strong financial position, with a market capitalization of $12.02 billion and an EBITDA of $1.35 billion. The company's earnings per share (EPS) is $1.60, and it has a dividend yield of 0.75%. TechnipFMC is currently trading at $28.26, which is below its 52-week high of $29.79. The company has a strong long-term outlook, with analysts expecting it to continue to grow its earnings and revenue in the coming years.
Company Overview
TechnipFMC was formed in 2017 through the merger of Technip and FMC Technologies. The company is headquartered in London, United Kingdom, and has operations in over 40 countries. TechnipFMC provides a wide range of products and services to the oil and gas industry, including subsea systems, surface technologies, and offshore construction. The company's customers include major oil and gas companies, such as BP, Shell, and ExxonMobil.
Fundamental Analysis
TechnipFMC has a strong financial position. The company's revenue for the trailing twelve months (TTM) is $8.79 billion, and its gross profit is $896.3 million. The company's operating margin is 12.2%, and its return on assets (ROA) is 6.33%. TechnipFMC's debt-to-equity ratio is 0.45, which is considered to be a healthy level.
TechnipFMC's earnings per share (EPS) is $1.60, and its price-to-earnings (PE) ratio is 17.66. The company's forward PE ratio is 15.27, which is below the industry average. TechnipFMC's dividend yield is 0.75%, which is below the industry average.
Technical Analysis
TechnipFMC's stock price has been trending sideways in recent months. The stock is currently trading below its 50-day moving average of $26.11 and its 200-day moving average of $25.12. The stock's relative strength index (RSI) is 45.5, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
In the short term, TechnipFMC's stock price is likely to continue to trade sideways. The stock is currently facing resistance at its 50-day moving average, and it is likely to need a catalyst to break above this level. If the stock can break above its 50-day moving average, it could rally to its 200-day moving average.
Long Term Outlook
In the long term, TechnipFMC's stock price is likely to continue to grow. The company has a strong financial position and a solid track record of growth. The company's earnings and revenue are expected to continue to grow in the coming years, and this should support the stock price.
Analyst Recommendations
Analysts are bullish on TechnipFMC's stock. The consensus analyst rating is "buy," and the average analyst target price is $31.29. Five analysts have a "strong buy" rating on the stock, ten analysts have a "buy" rating, eight analysts have a "hold" rating, and no analysts have a "sell" or "strong sell" rating.
