TechnipFMC plc ($FTI) Stock Forecast: Down 6.5% Today

What is TechnipFMC plc?

TechnipFMC (FTI) is a global leader in subsea, onshore/offshore, and surface projects in the energy industry. The company provides a range of services from exploration to production.

Why is TechnipFMC plc going down?

FTI stock is down 6.5% on Aug 2, 2024 16:59

• TechnipFMC (FTI) reported strong Q2 earnings beating expectations, with a rise in revenues year over year. This positive financial performance should typically lead to a bullish market movement.
• However, the bearish movement in FTI's stock today could be attributed to profit-taking by investors who may have seen the recent price increase as an opportunity to cash out.
• Additionally, the news of share buybacks by Technip Energies (TE) might have caused some uncertainty or concern among investors regarding the company's financial strategies, leading to a bearish sentiment in the market.
• Overall, despite the positive earnings and revenue growth, external factors such as profit-taking and market perceptions of share buybacks may have contributed to the bearish movement in FTI's stock today.

FTI Price Chart

FTI News

Technip Energies H1 2024 Financial Results

TECHNIP ENERGIES H1 2024 FINANCIAL RESULTS

https://www.globenewswire.com/news-release/2024/08/01/2922427/0/en/Technip-Energies-H1-2024-Financial-Results.html

Baker Hughes Company ( BKR ) Soars to 52-Week High, Time to Cash Out?

Baker Hughes (BKR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

https://www.zacks.com/stock/news/2312852/baker-hughes-company-bkr-soars-to-52-week-high-time-to-cash-out

TechnipFMC ( FTI ) Q2 Earnings Beat, Revenues Rise Y/Y

TechnipFMC (FTI) expects revenues in the range of $7.6-$7.8 billion and $1.2-$1.35 billion for Subsea and Surface Technologies, respectively, for 2024.

https://www.zacks.com/stock/news/2311548/technipfmc-fti-q2-earnings-beat-revenues-rise-yy

Weekly report share buyback from July 22 to July 26, 2024

In accordance with the regulations relating to share buybacks, Technip Energies (PARIS:TE) declares the following purchases of its own shares from July 22, 2024, to July 26, 2024.

https://www.globenewswire.com/news-release/2024/07/29/2920472/0/en/Weekly-report-share-buyback-from-July-22-to-July-26-2024.html

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TechnipFMC plc Price History

07.11.2023 - FTI Stock was down 7.3%

• 1. The bearish movement in FTI could be attributed to the negative sentiment in the oil and gas industry, as indicated by the inclusion of other companies like Petrobras, Shell, TechnipFMC, and Northern Oil and Gas in the article.
• 2. It is possible that there is a broader market concern about the future prospects of the oil and gas sector, leading to the sell-off of stocks like FTI.
• 3. The negative sentiment could be driven by factors such as declining oil prices, geopolitical tensions, or concerns about the global economy, which are impacting the entire industry.

09.09.2023 - FTI Stock was up 5.1%

• TechnipFMC secured a major contract with Petrobras, which is a positive development for the company.
• The contract involves supplying flexible pipes for Brazil's pre-salt fields, indicating potential growth opportunities in the oil and gas sector.
• This news reaffirms TechnipFMC's expertise in the industry and could attract more investors to the stock.
• The bullish movement could be a result of increased confidence in the company's future prospects.

16.10.2023 - FTI Stock was down 5.5%

• The bearish movement in FTI's stock could be attributed to the overall market sentiment towards the oil and gas industry.
• The article about Diamondback Energy's Q3 earnings beating estimates suggests a positive outlook for the energy sector, which could have highlighted FTI's underperformance in comparison.
• The news of Shell's legal dispute with Greenpeace and Expro Group Holdings showcasing their technology in a new job may have diverted investor attention away from FTI, contributing to the bearish movement.
• APA Corporation's strong energy production and positive earnings report may have further overshadowed FTI's performance, leading to the bearish market movement.

14.02.2024 - FTI Stock was up 5.2%

• FTI experienced a strong bullish movement today.
• The partnership agreement between SBM Offshore and Technip Energies to form EkWiL, a Floating Offshore Wind Joint Venture, likely contributed to the positive market sentiment.
• The collaboration aims to enhance execution certainty and cost competitiveness in the floating offshore wind market, which could have sparked investor optimism in FTI.
• The news of Technip Energies, along with other companies, receiving a Limited Notice To Proceed for a significant LNG project in the UAE may have also boosted overall market confidence in FTI's sector, leading to the bullish movement.

20.04.2024 - FTI Stock was up 1.9%

• TechnipFMC (FTI) secured new contracts to support the Pluto LNG Project, showcasing its strong position in the industry and potential for revenue growth.
• The significant iEPCI contract awarded by Woodside Energy for the Xena Phase 3 Development further solidifies FTI's presence in Australia and highlights its expertise in integrated engineering solutions.
• These contract wins demonstrate FTI's ability to attract major projects and expand its portfolio, leading to increased investor confidence and driving the bullish movement in its stock price today.

22.01.2024 - FTI Stock was up 3.6%

• A significant turnaround was reported in TechnipFMC's Q4 earnings, with a profit of $53.0 million compared to a loss of -$37.3 million in the same period last year.
• Strong growth in both Q4 and full-year 2023 earnings indicates successful operational performance and strategic initiatives.
• An increase in subsea inbound orders and total company backlog reflects growing demand for TechnipFMC's services and products, contributing to the bullish movement in the stock.
• The rise in TechnipFMC's relative strength rating to 83 further reinforces investor confidence in the company's financial health and market position, driving the stock's positive momentum.

26.09.2023 - FTI Stock was up 8.0%

• The bullish movement in FTI's stock today can be attributed to the following factors:
• 1. Strong Q3 Earnings: FTI reported a profit for its third quarter that exceeded expectations, with a non-GAAP EPS of $0.21 and revenue of $2.06 billion. This positive financial performance likely boosted investor confidence and contributed to the bullish market movement.
• 2. Beat Street Estimates: FTI's Q3 profit beat the Street estimates, indicating that the company outperformed market expectations. This positive surprise may have attracted more investors and led to the bullish movement in the stock.
• 3. Strong Subsea Orders and Cash Flow: FTI's Q3 results showcased strong subsea orders and positive cash flow. The company reported subsea inbound orders of $1.8 billion and cash flow from operations of $222 million. This robust performance in their subsea segment likely contributed to the bullish market movement.
• 4. Favorable Backlog and Operating Results: FTI also announced a substantial backlog of $12.1 billion and operating results for both segments. These positive indicators suggest a promising outlook for the company's future performance, which may have attracted investors and contributed to the bullish movement in the stock.

22.01.2024 - FTI Stock was up 6.5%

• TechnipFMC plc (FTI) reported strong Q4 earnings, with a significant improvement from the same period last year, showcasing positive growth and financial performance.
• The company's Non-GAAP EPS beating expectations and revenue exceeding estimates indicate robust operational efficiency and market demand for its products and services.
• The increase in relative strength rating to 83 reflects investor confidence and market optimism towards TechnipFMC, potentially driving the bullish movement in the stock price.
• Overall, the positive earnings results and market perception of TechnipFMC's performance likely contributed to the strong bullish movement in the stock today.

25.03.2024 - FTI Stock was up 5.4%

• TechnipFMC reported impressive Q1 earnings with a significant increase from the same period last year, showcasing strong financial performance.
• The company announced first quarter results with notable subsea inbound orders and innovative technology solutions, indicating a positive outlook for future projects.
• The joint development initiative with Anellotech for sustainable plastics recycling demonstrates TechnipFMC's commitment to environmental responsibility and diversification into sustainable solutions, which could be viewed positively by investors.
• The overall positive market sentiment towards TechnipFMC might have been further boosted by the news of improved relative strength in a related company, Chart Industries, reflecting positively on the industry as a whole.

15.06.2024 - FTI Stock was up 3.3%

• Positive investor sentiment towards TechnipFMC stock, attributed to a robust backlog and conservative guidance, likely bolstered confidence in the company's future performance.
• Technip Energies' declaration of share repurchases serves as a strategic plan to increase shareholder value and demonstrate faith in the company's financial standing.
• The encouraging developments, in conjunction with general market optimism, may have played a role in the noteworthy bullish movement in FTI stock today.

02.07.2024 - FTI Stock was down 6.5%

• TechnipFMC (FTI) reported strong Q2 earnings beating expectations, with a rise in revenues year over year. This positive financial performance should typically lead to a bullish market movement.
• However, the bearish movement in FTI's stock today could be attributed to profit-taking by investors who may have seen the recent price increase as an opportunity to cash out.
• Additionally, the news of share buybacks by Technip Energies (TE) might have caused some uncertainty or concern among investors regarding the company's financial strategies, leading to a bearish sentiment in the market.
• Overall, despite the positive earnings and revenue growth, external factors such as profit-taking and market perceptions of share buybacks may have contributed to the bearish movement in FTI's stock today.