FTI / Despite Its Steep Rally, TechnipFMC Is Reasonably Valued

TechnipFMC (FTI) expects free cash flow in the band of $225-$375 million. It also projects capital expenditure of $250 million for 2023. more_horizontal

FMC Technologies (FTI) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to more_horizontal

TechnipFMC has experienced a steep rally in its stock price thanks to accelerated business momentum and promising growth prospects. The company is wel more_horizontal

TechnipFMC (FTI) wins contract between $500 million and $1 billion from Equinor to deliver the U.K. Rosebank project's subsea production system, creat more_horizontal

Ithaca Energy shares ITH, +2.57% climbed 5% as the U.K. government approved the Rosebank offshore development off Scotland in a controversial decision more_horizontal

TechnipFMC (FTI) secures a significant contract valued at $75-$250 million for installing flexible pipe and subsea structures in the Girassol Life Ext more_horizontal

TechnipFMC (FTI) expects revenues in the range of $5.9-$6.3 billion and $1.3-$1.45 billion for Subsea and Surface Technologies, respectively, for 2023 more_horizontal

Fintel reports that on August 1, 2023, Kepler Cheuvreux downgraded their outlook for TechnipFMC (NYSE:FTI) from Buy to Hold. more_horizontal