TechnipFMC : Energy security will involve Subsea and TechnipFMC
>Outperform recommendation, target price adjusted to $ 12.5 - As a sign of its confidence in the strength of the offshore cycle, TechnipFMC confirmed its intention to introduce a quarterly dividend as of H2 2023 and the launch of a $ 400m share buyback programme (i.e. nearly 14% of the capital, buyback of nearly $ 50m in Q3 2022).Post-publication we are lowering our 2022 estimates (main elements of the guidance confirmed but more towards the lower-middle of the f...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.
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