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TechnipFMC: Valuation, Strategies, and Wall Street Rating

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TechnipFMC: Valuation, Strategies, and Wall Street Rating PART 1 OF 6

Will TechnipFMC’s Strategies Improve Returns in 2017?

Returns: TechnipFMC versus the industry

From January 20 to November 9, 2017, TechnipFMC’s (FTI) stock was down 14%. Market Realist already analyzed the factors affecting FTI in Could Guidance Change Affect TechnipFMC in 2017?

The Energy Select Sector SPDR ETF (XLE), the broader energy industry ETF, was down 6%. FTI outperformed the VanEck Vectors Oil Services ETF (OIH), which generated -25% returns in this period. TechnipFMC has underperformed the SPDR S&P 500 ETF (SPY), which has produced 14% returns. The Dow Jones Industrial Average (DJIA-INDEX) rose 18%.Will TechnipFMC’s Strategies Improve Returns in 2017?

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Crude oil price and US rigs

Since January 20, the West Texas Intermediate (or WTI) crude oil price has recovered 9%. Read the latest on crude oil prices in Why Doubts Linger about Sustainability of Crude Oil Bull Market. Following the upsurge in crude oil prices, the US rig count has risen 29% since January 20. See how the top oilfield equipment and services (or OFS) companies—like Baker Hughes, a GE Company (BHGE), and Halliburton (HAL)—have been performing in Market Realist’s Oilfield Services after 3Q17: SLB, HAL, BHGE, and NOV.

TechnipFMC’s strategies: Investment for growth

  • Investment for growth took priority as FTI’s drivers of capital allocation strategy.
  • Next came shareholder distributions, including both cash dividends and share repurchases.
  • To achieve strategic targets, FTI recently announced an agreement to acquire exploration drilling products and services.
  • FTI also increased its investment in the development of next-generation subsea systems and integrated technologies.
  • FTI’s board authorized a quarterly dividend of $0.13 per share and share repurchase of up to $500 million.

Series highlights

In this series, we’ll analyze what the market indicators are saying about FTI’s stock and Wall Street’s recommendations for TechnipFMC. We’ll start with TechnipFMC’s valuation compared to industry peers.

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