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A statement released earlier today by Seaport Global Securities about TechnipFMC plc Ordinary Share (NYSE:FTI) bumps the target price to $40.00

Boasting a price of $26.62, TechnipFMC plc Ordinary Share (NYSE:FTI) traded 1.35% higher on the day. With the last stock price close down -7.66% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. TechnipFMC plc Ordinary Share has recorded a 50-day average of $26.45 and a two hundred day average of $29.31. Volume of trade was up over the average, with 7,483,057 shares of FTI changing hands over the typical 3,207,420

Reporting a potential upside of 0.50%, Seaport Global Securities upped the price target of TechnipFMC plc Ordinary Share (NYSE:FTI) to $40.00

Performance Chart

TechnipFMC plc Ordinary Share (NYSE:FTI)

With a total market value of $0, TechnipFMC plc Ordinary Share has price-earnings ratio of 32.72 with a one year low of $25.17 and a one year high of $37.09 .

A total of 28 equity analysts have released a ratings update on FTI. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $32.71.

Brief Synopsis About TechnipFMC plc Ordinary Share (NYSE:FTI)

TechnipFMC plc provides technologies, systems, and services for oil and gas projects worldwide. It operates in three segments: Subsea, Onshore/Offshore, and Surface Projects. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products. This segment also provides subsea services, including drilling, installation, completion, and field services, as well as asset management, well intervention and IMR, ROVs, and manipulator system services; and services for subsea projects comprising front end to decommissioning, field architecture, integrated design, engineering, procurement, construction, and installation services. The Onshore/Offshore segment offers technical, technological, and project management services across fixed, floating, and onshore facilities, as well as offshore services. The Surface Projects segment provides drilling, completion, and production wellhead equipment, as well as chokes, compact valves, manifolds, and controls; treating iron, manifolds, and reciprocating pumps for stimulation and cementing; separation and flow-treatment systems; flow metering products and systems; marine, truck, and railcar loading systems; installation maintenance services; frac-stack, manifold rental, and operation services; and flowback and well testing services. The company is headquartered in London, the United Kingdom.

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