Report
Baptiste Lebacq

TechnipFMC : Upbeat on future momentum

>Outperform rating (target price of $ 10) - Following the delisting of TechnipFMC from the Paris stock exchange, we continue to cover the stock on the US market. The group, like other major US players in the sector, has underscored that it is also expecting a new supercycle that will last at least until 2025. After the annual results publication and conference call, we adjusted our earnings forecasts upwards by an average of 8% over 2022-2024. Our target price ...
Underlying
TechnipFMC Plc

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Baptiste Lebacq

ResearchPool Subscriptions

Get the most out of your insights

Get in touch