TechnipFMC PLC (NYSE:FTI) Dips To New 52 Week Low



December 6th, 2018
TechnipFMC PLC fell $1.82 Thursday, down 7.74%, closing at $21.69. As well as the drop in value, TechnipFMC PLC hit a new 52 week low of $21.32, breaking the previous low of $22.39 from earlier this July. Despite the drop in value, trading volumes were solid at 271% of normal which can indicate investor opportunities. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.26.

FTI was outperformed by the rest of the Energy sector which went down only 1.77%.
TechnipFMC PLC is listed on the S&P 500 index, and was one of 279 stocks that fell today. Weighted by market cap, FTI represents about 0.04% of the S&P 500.

Forecasts from 26 analysts points to the possibility that TechnipFMC PLC might increase significantly (47%), while Finbox has calculated (with medium uncertainty) a fair value price of $22.37.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector declining 12%.

Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

FMC Technologies is based in Houston, Japan. FMC Technologies was founded in 2000.

TechnipFMC PLC Info

FMC Technologies, Inc. provides subsea systems, technologies, and services for the oil and gas industry worldwide. It operates through Subsea Technologies, Surface Technologies, and Energy Infrastructure segments. The Subsea Technologies segment offers subsea systems for the offshore production of crude oil and natural gas; and installation, asset management, product optimization, and well access and intervention services, as well as inspection, maintenance, and repair services. This segment also provides electric and hydraulic work-class remotely operating vehicle, tether-management, launch and recovery, remote manipulator arms, and modular control systems for subsea applications, as well as support services, such as product training, pilot simulator training, spare parts, and technical assistance; and offers multiphase and wetgas meters to measure production rates of oil, water, and gas for topside and subsea applications. The Surface Technologies segment offers wellhead systems for standard and custom-engineered applications; fluid control products for the well completion and stimulation activities; and flowback and well optimization services. The Energy Infrastructure segment provides measurement products, such as flow computers and control systems, and gas and liquid measurement systems, as well as floating production, storage, and off-loading metering systems; and software solutions and compression control algorithms, which allow customers to control and manage the engineering, design, and monitoring of their systems of operations. This segment also offers land- and marine-based loading and transfer systems for ship-to-ship and tandem loading and offloading operations; systems that separate production flows from wells into oil, gas, sand, and water; and automation and control technology services. FMC Technologies, Inc. was founded in 2000 and is headquartered in Houston, Texas. FMC Technologies, Inc. is a subsidiary of TechnipFMC plc.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that TechnipFMC PLC’s score is 1.26) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

FTI daily update
FTI daily update

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