TechnipFMC

TechnipFMC is global leader in oil and gas projects, technologies, systems, and services. Co. offers subsea, surface, onshore, and offshore solutions for oil and gas projects. Co. serves customers worldwide. With Co.'s technologies and production systems, integrated expertise, and comprehensive solutions, Co. is transforming Co.'s clients' project economics. Co. is uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, Co.'s offering unlocks new possibilities for Co.'s clients in developing their oil and gas resources.
  • TickerTEC
  • ISINGB00BDSFG982
  • ExchangeEuronext Paris
  • SectorOil Equipment, Services & Distribution
  • CountryFrance

Analysts

ValuEngine Rating and Forecast Report for FTI

ValuEngine Rating and Forecast Report for FTI

Preston Caldwell

Morningstar | TechnipFMC Continues to Lead Peers in Delivering Innovation in Offshore Oil and Gas Development

In 2017, Technip and FMC merged, uniting one of the leading subsea engineering and construction companies with the leading subsea equipment manufacturer. This combination makes TechnipFMC unique in the recent history of offshore oil and gas, as subsea E&C and subsea equipment have been exclusively provisioned by separate companies in the past. This division of scope has probably been a key contributor to ballooning costs in the one-third share of deep-water project costs that come from subsea. A key part of management’s premise for the merger was that the integration of the entire subsea scope...

Preston Caldwell

Morningstar | TechnipFMC Continues to Lead Peers in Delivering Innovation in Offshore Oil and Gas Development

In 2017, Technip and FMC merged, uniting one of the leading subsea engineering and construction companies with the leading subsea equipment manufacturer. This combination makes TechnipFMC unique in the recent history of offshore oil and gas, as subsea E&C and subsea equipment have been exclusively provisioned by separate companies in the past. This division of scope has probably been a key contributor to ballooning costs in the one-third share of deep-water project costs that come from subsea. A key part of management’s premise for the merger was that the integration of the entire subsea scope...

Preston Caldwell

TechnipFMC Continues to Lead Peers in Delivering Innovation in Offshore Oil and Gas Development

Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breached 15-plus year lows. For oilfield service companies, we think the market is pricin...

Preston Caldwell

TechnipFMC Continues to Lead Peers in Delivering Innovation in Offshore Oil and Gas Development

Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breached 15-plus year lows. For oilfield service companies, we think the market is pricin...

TechnipFMC plc: New Issuer

CORPORATES CREDIT OPINION 15 March 2017 Update RATINGS TechnipFMC plc Domicile United Kingdom Long Term Rating Baa2 Type LT Issuer Rating - Dom Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Amol Joshi, CFA 212-553-7267

Moody's rates TechnipFMC plc's notes Baa2; negative outlook

New York, March 03, 2017-- Moody's Investors Service assigned first time ratings to TechnipFMC plc, including a Baa2 issuer rating and a Baa2 rating to its existing EUR 450 million unsecured convertible bonds due 2021. Moody's also assigned a Baa2 rating to the proposed senior unsecured notes being issued by TechnipFMC in exchange for $800 million of existing FMC Technologies, Inc. senior notes. At the same time, Moody's affirmed FMC Technologies' P-2 commercial paper rating and...

FMC Technologies, Inc.: Merger benefits with Technip tempered by challenging industry conditions

CORPORATES ISSUER COMMENT 13 January 2017 RATINGS FMC Technologies, Inc. Long Term Rating Baa2 Outlook Negative Source: Moody's Investors Service Contacts Amol Joshi, CFA 212-553-7267 VP-Senior Analyst [email protected] Steven Wood 212-553-0591 MD-Corporate Finance [email protected] FMC Technologies, Inc. Merger benefits with Technip tempered by challenging

Preston Caldwell

Morningstar | TechnipFMC Continues to Lead Peers in Delivering Innovation in Offshore Oil and Gas Development

In 2017, Technip and FMC merged, uniting one of the leading subsea engineering and construction companies with the leading subsea equipment manufacturer. This combination makes TechnipFMC unique in the recent history of offshore oil and gas, as subsea E&C and subsea equipment have been exclusively provisioned by separate companies in the past. This division of scope has probably been a key contributor to ballooning costs in the one-third share of deep-water project costs that come from subsea. A key part of management’s premise for the merger was that the integration of the entire subsea scope...

Preston Caldwell

Morningstar | TechnipFMC Continues to Lead Peers in Delivering Innovation in Offshore Oil and Gas Development

In 2017, Technip and FMC merged, uniting one of the leading subsea engineering and construction companies with the leading subsea equipment manufacturer. This combination makes TechnipFMC unique in the recent history of offshore oil and gas, as subsea E&C and subsea equipment have been exclusively provisioned by separate companies in the past. This division of scope has probably been a key contributor to ballooning costs in the one-third share of deep-water project costs that come from subsea. A key part of management’s premise for the merger was that the integration of the entire subsea scope...

Preston Caldwell

TechnipFMC Continues to Lead Peers in Delivering Innovation in Offshore Oil and Gas Development

Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breached 15-plus year lows. For oilfield service companies, we think the market is pricin...

Preston Caldwell

TechnipFMC Continues to Lead Peers in Delivering Innovation in Offshore Oil and Gas Development

Falling oil prices over the past several months have pushed oilfield service stocks into very cheap territory. West Texas Intermediate crude has fallen from over $65/bbl in late April to about $51/bbl today, below our midcycle forecast of $55/bbl. Our median covered oilfield service company is trading at a 20% discount to fair value. Valuations look about as cheap as they did last December, when many names breached 15-plus year lows. For oilfield service companies, we think the market is pricin...

Jean-Christophe Dourret

TechnipFMC : Technip - 8 Jul 2019

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Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/29/2019

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Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Baptiste Lebacq
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Louis Boujard
  • Philippe Ourpatian
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 29/04/2019

...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/22/2019

The tragedy which struck the Brumadinho complex (state of Minas Gerais in Brazil) belonging to mining giant Vale has radically changed the fundamentals underpinning supply and demand in the iron ore market. Accordingly we are revising up our price scenario for 2019-2021 by 15% on average and are adopting a Neutral recommendation on Rio Tinto (vs Reduce) which has the greatest exposure. We are sticking with our Buy recommendation on ArcelorMittal. - ...

Alexandre Iatrides ...
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Samantha Jeary
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/02/2019

La tragédie du complexe minier de Brumadinho (Etat du Minas Gerais au Brésil) appartenant au géant minier Vale change radicalement les fondamentaux offre/demande du marché du minerai de fer. Aussi, nous relevons en moyenne de 15% notre scénario de prix pour 2019/2021e et adoptons une opinion Neutre sur Rio Tinto (vs Alléger) qui y est le plus exposé. Nous maintenons notre Achat sur ArcelorMittal. - ...

Alain William ...
  • Alexandre Iatrides
  • Antoine Boivin-Champeaux
  • Baptiste Lebacq
  • Benoit Valleaux
  • Christophe Chaput
  • Florent Laroche-Joubert
  • François Maury
  • Geoffroy Michalet
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Olfa Taamallah
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Steven Gould
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 02/21/2019

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ValuEngine Rating and Forecast Report for FTI

ValuEngine Rating and Forecast Report for FTI

ValuEngine Rating and Forecast Report for FTI

ValuEngine Rating and Forecast Report for FTI

ValuEngine Rating and Forecast Report for FTI

ValuEngine Rating and Forecast Report for FTI

ValuEngine Rating and Forecast Report for FTI

ValuEngine Rating and Forecast Report for FTI

ValuEngine Rating and Forecast Report for FTI

ValuEngine Rating and Forecast Report for FTI

MarketLine Department

Forum Energy Technologies Inc - Strategy, SWOT and Corporate Finance Report

Forum Energy Technologies Inc - Strategy, SWOT and Corporate Finance Report Summary Forum Energy Technologies Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Forum Energy Technologies Inc (Forum) is an oilfield products company. It designs, manufactures, and distributes consumable products used in well construction, drilling, exploration, development, produ...

MarketLine Department

Schlumberger Limited - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Schlumberger Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Schlumberger Limited since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage...

TechnipFMC Plc (FTI) - Oil & Gas - Deals and Alliances Profile

Summary TechnipFMC plc (TechnipFMC) is a provider of oil and gas technologies, systems and services. The company focuses on subsea, surface technologies, onshore and offshore projects. Its portfolio of subsea services include drilling, asset management, installation of oil and gas field, remotely operated vehicle and manipulator system services, among others. TechnipFMC also offers technical, project management, installation and maintenance, consultancy services for onshore and offshore facilities. It provides integrated platform solutions for oil and gas production and measurement systems, s...

ICD Research Department

Forum Energy Technologies, Inc. : Oil and Gas - Company Profile, SWOT & Financial Analysis

Synopsis ICD Research's "Forum Energy Technologies, Inc. : Oil and Gas - Company Profile, SWOT & Financial Analysis" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, financial analysis, mergers & acquisitions, recent developments, key employees, company locations and subsidiaries as well as competitive benchmarking data. Summary This report is a crucial resource for industry executives and anyone looking to access key information ...

Jehanne Leroy

TechnipFMC - Assemblée Générale du 1er mai 2019

Gouvernance Suite à l'annonce du départ de M. Pilenko, il a été décidé par le conseil de confier la présidence du conseil à M. Pferdehirt, qui est déjà Directeur général. Il sera donc PDG du Groupe post-AG. Or, cela rompt l'équilibre que la société présentait lors de la fusion dite "entre égaux" puisque M. Pferdehirt sera désormais seul à la tête du groupe. Le conseil comprendra post-AG 5 anciens administrateurs de Technip et 6 anciens administrateurs de FMC. Là encore, l'équilibre n'est pas trouvé et la balance penche en la faveur de FMC. De plus, à la date de rédaction de la présente étude, ...

Expert Corporate Governance Service (ECGS)

TechnipFMC - AGM 01 May 2019

Item 1a: Mr Pilenko (Chairman) announced in January 2019 that he will retire after this 2019 AGM. The Board decided to designate Mr Pferdehirt (CEO) as Chairman. When Technip and FMC merged, they presented the split of functions as a way to balance powers and it was supposed to represent the fact that it was a merger between equals. Now that Mr Pferdehirt will be Chairman and CEO, there is no more balance and Technip and FMC do not seem to be equal anymore. Moreover the Board will comprise 5 ex Technip directors and 6 ex FMC directors; there again, there is no more balance. Finally, the execut...

TechnipFMC – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 14/06/2018

This is the first AGM of the Company since the merger between Technip and FMC in 2016. The post-merge board, which will remain the same until the 2019 AGM, comprises only 43% of independent members and 21% of women while Technip’s board before the merger had 75% of independent member and 42% of women. We regret these declines in fair governance. We also regret that, as the company is no longer governed by French Law, items 2 and 3 on 2017 remunerations are only consultative (i.e. a rejection would have a limited impact). Likewise, item 4 proposes a vote on the remuneration policy for the 3 ...

Jehanne Leroy

Proxy Report - 14/06/2018

Cette assemblée est la première depuis la fusion de Technip avec FMC, la société n'ayant pas convoqué d'assemblée générale en 2017. Le conseil post-fusion, qui restera en place jusqu'à l'Assemblée de 2019, ne comprend que 43% d'administrateurs libres de tout conflit d'intérêts et 21% de femmes alors que le conseil de Technip avant la fusion comprenait 75% d'administrateurs libres de tout conflit d'intérêts et 42% de femmes. On regrettera ces reculs de le bonne gouvernance. On regrettera aussi le fait que, la société n'étant plus de droit français, les résolutions 2 et 3 proposant un vote sur...

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: • Gold is staging a massive breakout above the $1360 level. Major H&S bottoms can be seen across the group (ex, NEM, RGLD) • Energy related names are attempting to carve out reversals. We prefer the names that held up well during the Crude oil decline. (ex. HLX, PUMP, FTI, CKH, PSX) • A number of Biotech names are breaking out of bases and reflect RS leadership. (ex. OMCL, RGEN, INCY, and ANIP)

Dave Nicoski ...
  • Ross LaDuke

Vital Signs: Actionable charts

Key Points: • A number of restaurant stocks are breaking topside bases and remain RS leadership. • Energy stocks continue to turn in dismal performance as major uptrends are broken and RS remains very weak. • Automotive parts retailers remain attractive as consumers look to repair their cars rather than buy new ones.

Matthieu DRIOL

Short term view - TECHNIPFMC PLC : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €22.80, then €21.90. Passing €28.47 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - TECHNIPFMC PLC : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 22,80 €, puis 21,90 €. Le franchissement de 28,47 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - TECHNIPFMC PLC : The movement goes on.

The trend is bearish. The movement goes on. The next target is at €22.80, then €21.90. Passing €28.47 would question the continuation of the fall.

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