TechnipFMC : The horizon seems to be improving, earnings are not following suit
>Reduce rating maintained with a target price adjusted to € 20.4 - The publication of Q4 2018 results was disappointing and we see few levers in the short term that might, in our view, lead to a re-rating for the share. The integration phase for the teams is a key issue with offshore momentum improving and major LNG contracts potentially set to be awarded 18-24 months from now. In addition, the group’s past commercial practices are being investigated by the French an...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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