TechnipFMC에 대한 매도 수량은 투자자에게 TechnipFMC의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

TechnipFMC (NYSE:FTI) 주식, 공매도 수량 보고

TechnipFMC

TechnipFMC is the largest pure-play offshore oilfield service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.

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이들 10개 대형주는 지난주 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 서밋 테라퓨틱스(NASDAQ:SMMT)의 주가는 씨티그룹이 주식을 매수에서 중립으로 하향 조정했으나 목표 주가를 19달러에서 23달러로 상향 조정한 후 14.37% 하락했다.

리제네론과 슈퍼 마이크로는 지난주 최악의 성과를 보인 10개 대형주 중 일부 (9월 23일-9월 27일)

TechnipFMC PLC

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FutureTech II Acquisition Corp. - Class A Common Stock

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Goldman Sachs analyst Ati Modak initiates coverage on TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with a Buy rating and announces Price Target of $38.

Price Target

Initiation

Analyst Ratings

Goldman Sachs Initiates Coverage On TechnipFMC with Buy Rating, Announces Price Target of $38

TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) has been given full notice to proceed with the previously announced contract for the first all-electric integrated project by the Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies. This notice follows NEP's announcement of financial close and entry into the execution phase of the carbon dioxide (CO2) transportation and storage infrastructure in the United Kingdom's East Coast Cluster.

Contracts

TechnipFMC Receives Notice To Proceed For Northern Endurance Partnership's Carbon Capture And Storage Project

TD Cowen analyst Marc Bianchi reiterates TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with a Buy and maintains $37 price target.

Reiteration

TD Cowen Reiterates Buy on TechnipFMC, Maintains $37 Price Target

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5981fdcac1f558000155e857/atif-malik">Citigroup analyst Atif Malik</a> initiated coverage on Astera Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) with a Buy rating and announced a price target of $120. Astera Labs shares closed at $86.45 on Friday. See how other analysts view this stock.</li>
<li>Jones Trading analyst Catherine Novack initiated coverage on Korro Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRRO#NASDAQ">KRRO</a>) with a Buy rating and announced a price target of $130. Korro Bio shares closed at $47.56 on Friday. See how other analysts view this stock.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59411d2985b07a0001615cae/ruplu-bhattacharya">B of A Securities analyst Ruplu Bhattacharya </a>initiated coverage on Ingram Micro Holding Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INGM#NYSE">INGM</a>) with a Buy rating and announced a price target of $30. Ingram Micro shares closed at $22.75 on Friday. See how other analysts view this stock.</li>
<li>RBC Capital analyst Victoria McCulloch initiated coverage on TechnipFMC plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with an Outperform rating and announced a price target of $37. TechnipFMC shares closed at $28.18 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JMP Securities analyst Silvan Tuerkcan initiated coverage on enGene Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENGN#NASDAQ">ENGN</a>) with a Market Outperform rating and announced a price target of $18. enGene shares closed at $7.63 on Friday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying FTI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="558" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18074942/image-181-1024x558.png" alt="" class="wp-image-652827" style="width:664px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18074942/image-181-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18074942/image-181-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18074942/image-181-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/18074942/image-181.png 1222w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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This TechnipFMC Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday

RBC Capital analyst Victoria McCulloch initiates coverage on TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with a Outperform rating and announces Price Target of $37.

RBC Capital Initiates Coverage On TechnipFMC with Outperform Rating, Announces Price Target of $37

7 analysts have shared their evaluations of TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for TechnipFMC, revealing an average target of $34.57, a high estimate of $37.00, and a low estimate of $31.00. This upward trend is evident, with the current average reflecting a 3.72% increase from the previous average price target of $33.33.
<img src="https://www.benzinga.com/files/images/story/2024/1731614454_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive TechnipFMC is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$35.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Abhishek Kumar</td>
<td>HSBC</td>
<td>Announces</td>
<td>Buy</td>
<td>$32.00</td>
<td>-</td>
</tr>
<tr>
<td>David Anderson</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$37.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Marc Bianchi</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$37.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$37.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Chase Mulvehill</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Phillip Jungwirth</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$33.00</td>
<td>$32.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to TechnipFMC. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of TechnipFMC compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of TechnipFMC's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of TechnipFMC's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FTI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on TechnipFMC analyst ratings.</a>
<h2>All You Need to Know About TechnipFMC</h2>
TechnipFMC is the largest pure-play offshore oilfield service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.
<h3>Unraveling the Financial Story of TechnipFMC</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: TechnipFMC's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 14.17%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: TechnipFMC's net margin excels beyond industry benchmarks, reaching 11.69%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): TechnipFMC's ROE stands out, surpassing industry averages. With an impressive ROE of 8.81%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): TechnipFMC's ROA stands out, surpassing industry averages. With an impressive ROA of 2.9%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: TechnipFMC's debt-to-equity ratio is below the industry average. With a ratio of 0.6, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 7 Analysts Discuss TechnipFMC Stock

Citigroup analyst Scott Gruber maintains TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with a Buy and raises the price target from $34 to $35.

Citigroup Maintains Buy on TechnipFMC, Raises Price Target to $35

The project will combine TechnipFMC's leading subsea architecture with Saipem's (MILAN:SPM) EPCI solutions and best-in-class pipelay capabilities—notably J-Lay, the optimal solution given the location offshore Suriname—to accelerate time to first oil and increase schedule certainty.
TechnipFMC's contracted scope for the project includes Subsea 2.0&#xAE; tree systems, manifolds, connectors, and topside control equipment. The Company will also supply umbilicals, flexible jumpers, and flexible risers.

TechnipFMC Lands Major iEPCI Contract For TotalEnergies' GranMorgu Project

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Shares of oil and gas companies are trading higher After Donald Trump wins the 2024 presidential election.

TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) and Prysmian (MILAN: PRY) today announced the two companies have signed a collaboration agreement to further accelerate the global development of floating offshore wind to help meet growing demand for renewable electricity.
This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20241104663469/en/">https://www.businesswire.com/news/home/20241104663469/en/</a>
The collaboration agreement brings together the technologies and competencies of these two offshore industry leaders, providing the unique capabilities to pioneer a complete water column solution, from seabed to ocean surface. The collaboration will leverage the unparalleled expertise of TechnipFMC's system design and integration capabilities in dynamic offshore applications with Prysmian's global leadership in the production and installation of submarine power cable systems.
The companies aim to deliver the optimized solution through a fully integrated Engineering, Procurement, Construction and Installation (iEPCI&#x2122;) commercial model. Integrated execution of this new solution—which includes mooring and anchoring and both dynamic inter-array and export cable systems—will improve project economics and derisk execution plans.

TechnipFMC and Prysmian Join Forces to Drive Floating Offshore Wind Expansion

HSBC analyst Abhishek Kumar upgrades TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) from Hold to Buy and announces $32 price target.

Upgrades

HSBC Upgrades TechnipFMC to Buy, Announces $32 Price Target

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) in the last three months.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for TechnipFMC, presenting an average target of $35.0, a high estimate of $37.00, and a low estimate of $31.00. Marking an increase of 5.42%, the current average surpasses the previous average price target of $33.20. 
<img src="https://www.benzinga.com/files/images/story/2024/1730127701_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of TechnipFMC's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Anderson</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$37.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Marc Bianchi</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$37.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$37.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Chase Mulvehill</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$31.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Phillip Jungwirth</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$33.00</td>
<td>$32.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to TechnipFMC. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of TechnipFMC compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of TechnipFMC's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of TechnipFMC's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FTI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on TechnipFMC analyst ratings.</a>
<h2>About TechnipFMC</h2>
TechnipFMC is the largest pure-play offshore oilfield service provider, offering integrated deep-water offshore oil and gas development solutions that span the full spectrum of subsea equipment and subsea engineering and construction services. The company also provides various surface equipment used with onshore oil and gas wells. TechnipFMC originated with the 2017 merger of predecessor companies Technip and FMC Technologies.
<h3>A Deep Dive into TechnipFMC's Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Positive Revenue Trend: Examining TechnipFMC's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 14.17% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Net Margin: TechnipFMC's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.69%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): TechnipFMC's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.81% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): TechnipFMC's ROA stands out, surpassing industry averages. With an impressive ROA of 2.9%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.6.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Demystifying TechnipFMC: Insights From 5 Analyst Reviews

Barclays analyst David Anderson maintains TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with a Overweight and raises the price target from $34 to $37.

Barclays Maintains Overweight on TechnipFMC, Raises Price Target to $37

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Shares of oil and oil-related companies are trading lower after Israel reportedly did not damage Iran's oil sites amid strikes over the weekend.

TD Cowen analyst Marc Bianchi maintains TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with a Buy and raises the price target from $35 to $37.

TD Cowen Maintains Buy on TechnipFMC, Raises Price Target to $37

Susquehanna analyst Charles Minervino maintains TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with a Positive and raises the price target from $35 to $37.

Susquehanna Maintains Positive on TechnipFMC, Raises Price Target to $37

2024 Full-Year Financial&nbsp;Guidance1
The Company&#39;s full-year financial&nbsp;guidance&nbsp;for 2024 can be found in the table below. Updates to the previous&nbsp;guidance&nbsp;issued on July 25, 2024 are as follows:
<ul>
<li>Net interest expense of&nbsp;$65&nbsp;- 70 million, which decreased from the previous&nbsp;guidance&nbsp;range of&nbsp;$70&nbsp;- 80 million.</li>
<li>Tax provision, as reported, of&nbsp;$170&nbsp;- 180 million, which decreased from the previous&nbsp;guidance&nbsp;range of&nbsp;$280&nbsp;- 290 million.</li>
</ul>
Financial results prior to the completion of the sale of the Measurement Solutions business, which was completed on March 11, 2024, are included in full-year&nbsp;guidance&nbsp;for Surface Technologies.
<table cellspacing="0">
<tbody>
<tr>
<td colspan="5" rowspan="1">
2024&nbsp;Guidance&nbsp;(As of October 24, 2024)
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Subsea
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="2" rowspan="1">
Surface Technologies
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Revenue in a range of&nbsp;$7.6&nbsp;- 7.8 billion
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="2" rowspan="1">
Revenue in a range of&nbsp;$1.2&nbsp;- 1.35 billion
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="2" rowspan="1">
Adjusted EBITDA margin in a range of 16.5 -&nbsp;17%
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="2" rowspan="1">
Adjusted EBITDA margin in a range of 13 -&nbsp;15%
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
TechnipFMC
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
Corporate expense, net&nbsp;$115&nbsp;- 125 million
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
(includes depreciation and amortization of ~$3 million; excludes charges and credits)
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
Net interest expense&nbsp;$65&nbsp;- 70 million
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
Tax provision, as reported&nbsp;$170&nbsp;- 180 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
Capital expenditures&nbsp;approximately&nbsp;$275 million
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="5" rowspan="1">
Free cash flow2&nbsp;$425&nbsp;- 575 million
</td>
</tr>
</tbody>
</table>

Earnings

Guidance

TechnipFMC 2024 Guidance, Reaffirmed: Sees Subsea Revenue Of $7.6B-$7.8B And Surface Technologies Of $1.2B-$1.35B; Free Cash Flow Of $425M-$575M

Pferdehirt continued, &quot;Total company inbound was&nbsp;$2.8 billion, driving backlog to a new record level of&nbsp;$14.7 billion. Subsea inbound orders were&nbsp;$2.5 billion, representing a book-to-bill of 1.2. Inbound continues to be supported by differentiated orders, with our unique iEPCI&trade; offering, technology leadership, and extensive Subsea Services capabilities all helping to drive our Subsea backlog to&nbsp;$13.7 billion.&quot;

TechnipFMC's Subsea Inbound Orders Were $2.5B For Q3 With Book-To-Bill Of 1.2x.; Total Company Inbound Was $2.8B, Driving Backlog To $14.7B

TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.39 by 64.1 percent. This is a 204.76 percent increase over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $2.348 billion which beat the analyst consensus estimate of $2.344 billion by 0.15 percent. This is a 14.15 percent increase over sales of $2.057 billion the same period last year.

Earnings Beats

TechnipFMC Q3 2024 Adj. EPS $0.64 Beats $0.39 Estimate, Sales $2.348B Beat $2.344B Estimate

Buybacks

TechnipFMC Announces $1B Share Repurchase Authorization

The energy market is continuously evolving and expanding, fueled by favorable trends and advanced technologies, and TechnipFMC (FTI) stands to capitalize on these market trends with robust demand for its services and solid financial performance. So, let's determine whether TechnipFMC plc is an ideal addition to your portfolio. Read more to find out... TechnipFMC plc (<a href="https://stocknews.com/stock/FTI/">FTI</a>) is a leading technology provider to the traditional and new energy sectors, delivering fully integrated projects, products, and services. The company reported solid financial results for the third quarter of 2024.
TechnipFMC's inbound orders increased 29.8% during the third quarter from the prior year's quarter to $2.78 billion, while its backlog stood at $14.70 billion. Also, the company's revenue from the Subsea segment was up 18.7% year-over-year to $2.03 billion.
FTI was awarded two significant contracts during the period by Petrobras for the Petrobras flexible pipe and subsea production systems. It received an iEPCI&#x2122; contract for BP's Greenfield Kaskida development in the Gulf of Mexico. TotalEnergies recently awarded the company a contract for its GranMorgu project.
Given the nature of FTI's services and facilities, its market demand in the coming years appears robust with expanding industry operations, advanced technologies, and enhanced capabilities. It offers a wide array of services in the form of design, engineering, procurement, manufacturing, fabrication, installation, and life of field services, enabling smooth operations for its customers.
Also, amid the increasing demand for energy across various end-user sectors, favorable regulatory frameworks, and new technological advancements, the <a href="https://www.fortunebusinessinsights.com/industry-reports/energy-as-a-service-market-101204">global energy as a service (EaaS) market</a> is expected to grow to $208.20 million by 2032 at a CAGR of 11.8%. In global comparison, the U.S. energy as a service market is projected to grow significantly, reaching a value of $52.52 billion by 2032.
Shares of FTI have surged 21.3% over the past six months and 55.1% over the past year to close its last trading session at $31.37.
Let's look at factors that could influence FTI's performance in the upcoming months.
Positive Recent Developments
On November 14, FTI was awarded a major integrated engineering, procurement, construction, and installation (iEPCI&#x2122;) contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname.
On November 4, FTI and Prysmian signed a collaboration agreement to accelerate the global development of floating offshore wind to help meet the growing demand for renewable electricity. The combined competencies of the companies will provide unique capabilities to pioneer a complete water column solution, from seabed to ocean surface.
Also, on October 7, FTI was awarded an iEPCI&#x2122; contract by BP for its greenfield Kaskida development in the Gulf of Mexico. Under the contract, FTI will design and manufacture subsea production systems, including 20,000 psi (20K) standardized subsea trees and manifolds.
Robust Financials
FTI's revenue increased 14.2% year-over-year to $2.35 billion during the third quarter that ended September 30, 2024. Its income before income taxes grew 140.6% from the year-ago value to $272.40 million. The company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> of $386.10 million indicates an increase of 62.6% from the prior year's quarter.
In addition, the company's adjusted net income came in at $280.50 million, up 195.6% year-over-year, while adjusted EPS rose 204.8% from the prior-year quarter to $0.64, respectively. Also, the company's cash and cash equivalents and total assets totaled $837.50 million and $9.72 billion as of September 30, 2024.
Buoyed by its financial performance, FTI projects Subsea segment revenue in the range of $7.60 - 7.80 billion and Surface Technologies segment revenue in the range of $1.20 - 1.35 billion. Also, it expects free cash flow between $425 and 575 million.
Solid Historical Growth
FTI's revenue and EBITDA have grown at respective CAGRs of 10.7% and 46.2% over the past three years. The company's EBIT has increased at a CAGR of 222% over the same timeframe, while its net income and EPS have improved at CAGRs of 70.1% and 73.1%, respectively.
Favorable Analyst Estimates
Analysts expect FTI's revenue for the fourth quarter (ending December 2024) to increase 10.2% year-over-year to $2.29 billion. The consensus EPS estimate of $0.35 for the ongoing quarter indicates a 153% year-over-year improvement. Moreover, FTI has an impressive earnings surprise history, having topped consensus revenue and EPS estimates in each of the trailing four quarters.
For the fiscal year ending December 2024, the company's revenue and EPS are expected to grow 15.1% and 269.6% year-over-year to $9.01 billion and $1.66, respectively. Additionally, Street expects its revenue and EPS for the fiscal year 2025 to increase 9.8% and 20.6% year-over-year to $9.89 billion and $2.01, respectively.
High Profitability
FTI's trailing-12-month Levered FCF margin of 13.43% is 93.1% higher than the industry average of 6.95%. Its trailing-12-month ROCE of 20.16% is 63% higher than the industry average of 12.37%. Similarly, its trailing-12-month ROTC of 11.51% is considerably higher than the industry average of 6.96%.
POWR Ratings Reflect Optimism
FTI's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its solid fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. FTI has a B grade for Growth, which is in sync with its impressive historical growth.
In addition, the stock has a B grade for Quality and Sentiment, consistent with its higher-than-industry profitability and optimistic analysts' estimates.
FTI is ranked #10 in the 52-stock <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry.
Beyond what I have stated above, we have also given FTI grades for Value, Momentum, and Stability. Get access to all the FTI ratings <a href="https://stocknews.com/stock/FTI/">here</a>.
Bottom Line
FTI reported better-than-expected earnings for the third quarter of fiscal 2024, beating analysts' estimates. The company's strong industry footing, significant contracts and alliances, and solid financial performance position it for bright long-term prospects. Also, the company's
The company's Board declared a quarterly dividend of $0.05 per share and also authorized additional share repurchases of up to $1 billion, reflecting its continued strong cash generation.
Given FTI's solid financials, accelerating profitability, reliable dividends, and promising growth outlook, this stock could be an ideal buy now.
How Does TechnipFMC plc (FTI) Stack Up Against Its Peers?
While FTI has an overall POWR Rating of B, investors could also check out these other stocks within the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry with A (Strong Buy) or B (Buy) ratings: Vibra Energia S/A ADR (<a href="https://stocknews.com/stock/PETRY/">PETRY</a>), Ranger Energy Services, Inc. (<a href="https://stocknews.com/stock/RNGR/">RNGR</a>), and Trican Well Service Ltd. (<a href="https://stocknews.com/stock/TOLWF/">TOLWF</a>).
For exploring more A and B-rated energy stocks, <a href="https://stocknews.com/category/energy-services/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
FTI shares were trading at $31.09 per share on Monday morning, down $0.28 (-0.89%). Year-to-date, FTI has gained 55.54%, versus a 28.13% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/fti-petry-rngr-tolwf-is-technipfmcs-position-in-the-energy-sector-a-reason-to/>Is TechnipFMC's Position in the Energy Sector a Reason to Buy?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is TechnipFMC's Position in the Energy Sector a Reason to Buy?

TMSL: Multi-Factor ETF Off To A Good Start

Jefferies analyst Mark Wilson upgraded the rating on TechnipFMC (FTI – Research Report) to a Buy today, setting a price target of $40.00. Mark Wils...

Strong Buy Rating for TechnipFMC Driven by Record Backlog and Expected Doubling of EBITDA Margin

Jefferies analyst Mark Wilson upgraded TechnipFMC (FTI) to Buy from Hold with a price target of $40, up from $29. The company's subsea opportunity ...

TechnipFMC upgraded to Buy from Hold at Jefferies

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Subsea 7: Vessel Utilization Lifts Renewable Margins

TechnipFMC (FTI) has been given full notice to proceed with the previously announced contract for the first all-electric integrated project by the ...

TechnipFMC receives notice to proceed for NEP's carbon capture project

Atidrip Modak, an analyst from Goldman Sachs, has initiated a new Buy rating on TechnipFMC (FTI). Atidrip Modak's rating is based on TechnipFMC's u...

TechnipFMC's Unique Growth Prospects and Market Leadership Drive Buy Rating

Goldman Sachs analyst Ati Modak initiated coverage of TechnipFMC (FTI) with a Buy rating and $38 price target implying 23% upside from current leve...

TechnipFMC initiated with a Buy at Goldman Sachs

Know what you own, and why. Valuation does matter.

Be Careful In This Unforgiving Market. The Tide Is Turning.

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Press Releases

TechnipFMC to Speak at Barclays 38th Annual CEO Energy-Power Conference

TechnipFMC Announces Third-Quarter 2024 Earnings Release and Conference Call

TechnipFMC Awarded Subsea Contracts by Petrobras for Brazil's Pre-Salt Fields

TechnipFMC Awarded iEPCI™ Contract for bp's Greenfield 20K Development in the Paleogene

TechnipFMC Announces Quarterly Dividend and Additional $1 Billion Share Repurchase Authorization

TechnipFMC Announces Third Quarter 2024 Results

TechnipFMC and Prysmian Announce Floating Offshore Wind Collaboration Agreement

TechnipFMC to Speak at BofA Securities Global Energy Conference 2024

TechnipFMC Awarded Major iEPCI™ Contract for TotalEnergies' GranMorgu Development Offshore Suriname

TechnipFMC Receives Notice to Proceed for Northern Endurance Partnership's Carbon Capture and Storage Project

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