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Summary

TechnipFMC (FTI) is a leading energy industry supplier with strong technical momentum and a recent 10-year high in share price.

FTI maintains a 100% 'Buy' Barchart opinion, with Trend Seeker and technical indicators supporting continued price appreciation and strong relative strength.

Fundamentals are robust: projected revenue and earnings growth, reasonable valuation, and a modest dividend yield support the investment case.

Wall Street analysts and individual investors are broadly bullish on FTI, with multiple 'Strong Buy' ratings and optimistic price targets.

Today’s Featured Stock

Valued at $17.03 billion, TechnipFMC is a leading manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. The company is engaged in the designing, producing and servicing technologically sophisticated systems and products for subsea, onshore/offshore, and surface projects. TechnipFMC divides its operations into two major segments: Subsea and Surface Technologies. Subsea is engaged in the manufacture and design of products and systems, performs engineering, procurement and project management and provides services to oil and gas companies associated with offshore exploration and production. The Surface Technologies segment designs and produces systems and provides services used by oil and gas companies operating in land and shallow water exploration and production of crude oil and natural gas. 

What I’m Watching

I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. FTI checks those boxes. Since the Trend Seeker signaled a new “Buy” on Oct. 27, the stock has gained 3.31%.

FTI (Barchart)

Barchart Technical Indicators for TechnipFMC

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

TechnipFMC hit a 10 year high of $42.65 in intraday trading on Oct. 30.

• FTI has a Weighted Alpha of +53.00.
• TechnipFMC has a 100% “Buy” opinion from Barchart.
• The stock gained 58.62% over the past year.
• FTI has its Trend Seeker “Buy” signal intact.
• The stock recently traded at $41.86 with a 50-day moving average of $38.75.
• TechnipFMC has made 5 new highs and gained 10.04% in the last month.
• Relative Strength Index (RSI) is at 65.33.
• There’s a technical support level around $41.29.

Don’t Forget the Fundamentals

• $17.03 billion market capitalization.
• 17.98x trailing price-earnings ratio.
• 0.48% dividend yield.
• Revenue is projected to grow 9.47% this year and another 6.82% next year.
• Earnings are estimated to increase 23.41% this year and an additional 21.53% next year.

Analyst and Investor Sentiment on TechnipFMC

I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping stock, it’s hard to make money swimming against the tide.

It looks like Wall Street analysts like FTI and so do individual investors.

• The Wall Street analysts tracked by Barchart have issued 14 “Strong Buys,” 1 “Moderate Buy,” and 6 “Hold” opinions on the stock with price targets between $29 and $53 – a very wide range.
• Value Line rates the stock “Above Average” with a price target of $60.
• CFRA’s MarketScope Advisor rates it a “Strong Buy” .
• Morningstar thinks the stock is fairly valued.
• 1,392 investors following the stock on Motley Fool think the stock will beat the market while 130 think it won’t.
• 12,380 investors monitor the stock on Seeking Alpha, which rates the stock a “Hold”.

The Bottom Line on TechnipFMC

Wall Street analysts and individual investors both seem to be bullish.

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