Maintaining TechnipFMC Fair Value Estimate, but Reviewing Recent Developments
While we are maintaining our current TechnipFMC fair value estimate of $29 per share, we wish to review recent developments affecting the company, which merged from predecessor companies Technip and FMC in January of this year.On June 13, TechnipFMC was awarded an integrated engineering, procurement, construction, and installation (iEPCI) contract for Statoil’s Visund Nord project in the North Sea. This was the company’s second iEPCI contract with Statoil, following quickly on last November’s a...
TechnipFMC is global leader in oil and gas projects, technologies, systems, and services. Co. offers subsea, surface, onshore, and offshore solutions for oil and gas projects. Co. serves customers worldwide. With Co.'s technologies and production systems, integrated expertise, and comprehensive solutions, Co. is transforming Co.'s clients' project economics. Co. is uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, Co.'s offering unlocks new possibilities for Co.'s clients in developing their oil and gas resources.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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