uploads///US Rev Share

Could the Rig Count Affect FMC Technologies in 2Q16?

By

Jul. 7 2016, Updated 3:42 p.m. ET

Revenue by geography

In 2015, FMC Technologies’ (FTI) US revenue share was marginally smaller than it was the year prior. In 2015, FTI’s US revenue decreased to 30% of its total revenues, compared with 31% in 2014. From 2011 to 2014, FTI’s US revenue share increased. In comparison, Nabors Industries’ (NBR) US revenue in 2015 was 47%.

FTI is 0.4% of the iShares MSCI KLD 400 Social ETF (DSI). The energy sector makes up 6.2% of DSI.

Article continues below advertisement

US rig count

In 2015, the US rig count fell by 62%, while the international rig count fell by only 17%. From March 31 to June 30, the US rig count declined further by 9%, while the international rig count decreased by 3%. The lower rig count is expected to drag down FTI’s revenues and earnings in fiscal 2Q16. Next, we’ll discuss FMC Technologies’ value drivers.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.