Report
Baptiste Lebacq

TechnipFMC : In the land of the giant contracts now

>Reduce Target Price Opinion revised up to € 22.9  - TechnipFMC has boasted a string of commercial successes since the start of the year, topped off with an order backlog of $ 25.8bn at the end of the H1 2019! It has won larger contracts after shouldering a wave of investments in (more capital intensive) LNG projects and delivered another round of successes in the shape of iEPCI™ projects. We have adjusted our EPA sequence to take into account these recent commercial ...
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

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