TechnipFMC plc ($FTI) Stock Forecast: Up 5.1% Today

What is TechnipFMC plc?

FTI (TechnipFMC) is a global leader in subsea, onshore, offshore, and surface technologies. The company provides project management, engineering, and construction services to the energy industry.

Why is TechnipFMC plc going up?

FTI stock is up 5.1% on Jan 3, 2025 20:19

• The bullish movement in FTI stock today could be attributed to the positive developments in the energy sector:
• Kinder Morgan's significant expansion capital towards major projects could indicate increased demand for energy infrastructure services, benefiting companies like FTI.
• Subsea7's contract for project management in the Sakarya Gas Field suggests potential growth opportunities in the offshore energy sector, reflecting positively on companies like FTI.
• BP's successful gas output and offshore wind project developments signify a thriving energy market, which could lead to increased business for companies like FTI.
• Harbour Energy's discovery of hydrocarbons in the U.K. Continental Shelf could boost confidence in the energy sector, potentially driving up stock prices of related companies like FTI.

FTI Price Chart

FTI Technical Analysis

FTI News

KMI's Tennessee Gas Pipeline Greenlights Mississippi Crossing Project

Kinder Morgan sanctions significant expansion capital, totaling $3.1 billion, toward two major projects, the SNG South System 4 Expansion and TGP's Mississippi Crossing Project.

https://www.zacks.com/stock/news/2391720/kmis-tennessee-gas-pipeline-greenlights-mississippi-crossing-project

Subsea7 Lands IRM Contract With TP-OTC for Sakarya Gas Field in Turkey

SUBCY's IRM contract covers project management and engineering tasks that will be carried out from the company's offices in Turkiye and Scotland.

https://www.zacks.com/stock/news/2391061/subsea7-lands-irm-contract-with-tp-otc-for-sakarya-gas-field-in-turkey

BP Begins Gas Output From GTA Project in Senegal & Mauritania

BP's GTA project in West Africa begins producing gas, marking a milestone for Senegal and Mauritania. LNG deliveries are expected soon.

https://www.zacks.com/stock/news/2390566/bp-begins-gas-output-from-gta-project-in-senegal-mauritania

BP and Partners to Develop 450 MW Offshore Wind Project in Japan

BP and its consortium partners state that the project involves the construction, maintenance and operation of a bottom-fixed offshore wind farm.

https://www.zacks.com/stock/news/2389897/bp-and-partners-to-develop-450-mw-offshore-wind-project-in-japan

Harbour Energy Discovers Hydrocarbons in Jocelyn South Prospect

HBRIY makes a breakthrough discovery of a gas-condensate reservoir in Jocelyn South in the U.K. Continental Shelf Central North Sea.

https://www.zacks.com/stock/news/2389792/harbour-energy-discovers-hydrocarbons-in-jocelyn-south-prospect

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TechnipFMC plc Price History

01.09.2024 - FTI Stock was up 5.4%

• The recent key role secured by Saipem in a major gas project bodes well for the energy sector, fostering investor confidence in companies like FTI.
• Petrobras' collaboration agreement to explore sustainable practices may indicate a shift towards eco-friendly operations, a positive development for companies in the energy sector, including FTI.
• Petrofac's plan for financial restructuring to improve liquidity is a favorable step that could bolster the financial well-being of the broader energy industry, benefiting companies like FTI.
• ExxonMobil's establishment of long-term access to an LNG terminal in China points towards a strategic expansion, which could lead to increased industry activity and potential benefits for companies like FTI.

06.11.2024 - FTI Stock was down 2.6%

• FTI's stock likely experienced a bearish movement due to concerns about the impact of California's new fuel regulatory law on the energy sector.
• Investors may be worried about potential supply chain disruptions and increased costs for companies like FTI operating in the oil and gas industry.
• The uncertainty surrounding how the new law will affect the market stability could have led to a sell-off of FTI's stock, contributing to the bearish movement observed today.

03.00.2025 - FTI Stock was up 5.3%

• The bullish movement in FTI's stock could be attributed to positive developments in the energy sector, such as Subsea7 securing a contract for the Sakarya Gas Field in Turkey and Harbour Energy's recent discovery of hydrocarbons in the U.K. North Sea.
• BP's successful gas output from the GTA project in Senegal & Mauritania and their collaboration for an offshore wind project in Japan may have boosted investor confidence in the energy sector, positively impacting companies like FTI.
• The partnership between EGY and Borr Drilling for an offshore campaign in 2025/2026 might have contributed to the overall positive sentiment in the energy industry, further supporting FTI's bullish movement.

03.00.2025 - FTI Stock was up 5.1%

• The bullish movement in FTI stock today could be attributed to the positive developments in the energy sector:
• Kinder Morgan's significant expansion capital towards major projects could indicate increased demand for energy infrastructure services, benefiting companies like FTI.
• Subsea7's contract for project management in the Sakarya Gas Field suggests potential growth opportunities in the offshore energy sector, reflecting positively on companies like FTI.
• BP's successful gas output and offshore wind project developments signify a thriving energy market, which could lead to increased business for companies like FTI.
• Harbour Energy's discovery of hydrocarbons in the U.K. Continental Shelf could boost confidence in the energy sector, potentially driving up stock prices of related companies like FTI.

06.10.2024 - FTI Stock was up 5.0%

• The collaboration between TechnipFMC and Prysmian for a floating offshore wind project indicates FTI's commitment to sustainable energy production, which could have positively influenced investor sentiment.
• The focus on renewable energy solutions aligns with market trends towards environmental sustainability, potentially attracting more investors to FTI.
• The partnership may open up new revenue streams for FTI in the renewable energy sector, contributing to the bullish movement in the stock price today.

26.08.2024 - FTI Stock was down 6.3%

• FTI experienced a decline in its stock price today, despite announcing two significant subsea contracts with Petrobras in Brazil.
• The market reaction to FTI's contract wins was negative, possibly influenced by broader concerns surrounding the energy sector.
• Investor sentiment, impacted by the prevailing bearish mood in the energy market, resulted in a sell-off of FTI shares.
• Attention on earnings per share (EPS) growth in competitor energy companies may have shifted focus away from FTI, contributing to the downward pressure on its stock.

26.08.2024 - FTI Stock was down 6.3%

• The bearish movement in FTI's stock today could be attributed to profit-taking by investors after a recent surge in the stock price.
• Despite securing two major contracts from Petrobras, the market may have reacted negatively due to concerns about potential challenges in the energy sector.
• The news about Petrobras offering contracts to Constellation and the struggles of Shell to divest its stake in the German refinery may have created uncertainty in the energy market, impacting FTI's stock negatively.
• Additionally, the overall bearish sentiment in the market today might have influenced investors to sell off energy stocks like FTI, despite the positive news about the company's contract wins.

26.08.2024 - FTI Stock was down 6.9%

• Shell's bid for a key shallow water block in Trinidad and Tobago may have increased competition for FTI, leading to a bearish sentiment.
• Repsol's expansion in Mexico's Block 29 and Petrobras' drillship contracts could have shifted investor focus away from FTI, contributing to the bearish movement.
• Challenges faced by Shell in divesting its stake in the German Schwedt refinery may have raised concerns about the energy sector overall, impacting FTI negatively.
• Schlumberger and Aramco's collaboration to develop digital solutions for reducing emissions might have highlighted FTI's potential lag in sustainability efforts, influencing the bearish market movement.

17.11.2024 - FTI Stock was down 5.1%

• The bearish movement in FTI's stock could be attributed to the company's focus on the CO2 capture and storage project in the UK. While environmentally friendly initiatives are commendable, investors might be concerned about the immediate financial returns from such projects.
• The news of Subsea7 securing a new decommissioning contract from Saudi Aramco might have also impacted FTI's stock negatively, as it indicates potential competition in the subsea infrastructure sector.
• Additionally, the consideration of an all-share acquisition of Tullow Oil by Kosmos Energy could have created uncertainty in the market, leading to a sell-off in FTI shares as investors reevaluate the competitive landscape in the industry.
• Overall, the combination of these factors may have contributed to the bearish movement in FTI's stock today.

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.

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.