TechnipFMC : Aim high...there is gold to be found at the bottom of the streams
>Outperform rating maintained - Target price $ 25.3 vs $ 25 previously - After the publication and the conference call, we raised our target price to $ 25.3 (vs $ 25 previously), based on a 12-mth fwd P/E of 20x. The adjustment to our forecasts for 2024 stems almost exclusively from a higher tax burden than initially anticipated (2024-2026 EBITDA revised up 2%). TechnipFMC, (FTI), like the majority of players in the oil services sector, delivered a very optimisti...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.