TechnipFMC plc Ordinary Share (NYSE:FTI) Experiences Heavier than Average Trading Volume

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21 September 2017

Trading volume for TechnipFMC plc Ordinary Share was 7,475K by the end of trading on Friday. Overall, volume was up 150.21% over the stocks normal daily volume.

Investors are a little more bullish on shares of TechnipFMC plc Ordinary Share of late as implied by the motion in short interest. The firm saw a fall in short interest of -7.63% between August 15, 2017 and August 31, 2017. Short shares decreased 836,987 over that period. The short-interest ratio increased to 5.0 and the percentage of shorted shares was 0.04% on August 31.

These funds have shifted positions in (FTI). As of quarter end Cibc World Markets Corp had acquired a total of 17,203 shares growing its holdings by 35.3%. The value of the total investment in TechnipFMC plc Ordinary Share went from $1,583,000 to $1,793,000 a change of 13.3% since the last quarter. As of the end of the quarter Norges Bank had bought 462,800 shares growing its stake by 23.4%. The value of the investment in FTI increased from $54,148,000 to $65,125,000 a change of $10,977,000 quarter to quarter.

Boothbay Fund Management, LLC augmented its holdings by buying 9,065 shares an increase of 175.3% from 06/30/2015 to 03/31/2016. Boothbay Fund Management, LLC now holds 14,237 shares valued at $390,000. The total value of its holdings increased 81.4%. Westpac Banking Corp reduced its stake by selling 3,737 shares a decrease of 35.5% in the quarter. Westpac Banking Corp currently owns 6,801 shares worth $186,000. The value of the position overall is down by 40.4%.

Equity analyst HSBC initiated coverage setting a rating of "Hold”. On August 25 the company was rated "Outperform” by RBC Capital which was a boost from the previous "Sector Perform” rating.

On July 13 the company was downgraded to "Underperform” from "Market Perform” in a report issued by Bernstein. On June 21 the stock rating was downgraded from "Neutral” to "Neutral” in a statement from Seaport Global.

The company is now up by 1.35%% since yesterday’s close of 26.7. It is currently trading at $27.06 slightly over $26.45, the 50 day moving average and just a bit lower than the 200 day moving average of $29.31. The 50 day moving average went up by +2.32% and the 200 day average went down $-2.25 or -7.66%.

TechnipFMC plc Ordinary Share’s P/E ratio is 32.72 and market capitalization is 12.64B. As of the latest earnings report the EPS was $0.83 and is projected to be $1.06 for the current year with 467,100,000 shares outstanding. Next quarter’s EPS is estimated at $0.45 and the next full year EPS is projected to be $1.56.

TechnipFMC plc is involved in the business of oil and gas projects, technologies, systems and services. The Company offers a portfolio of solutions for production and transformation of oil and gas. The Business’s integrated offerings range from individual products and services to integrated solutions with a single interface to ensure execution. The Company provides services across three distinct segments: subsea, onshore/offshore, and surface projects. The Business’s Subsea products include trees, manifolds, controls, templates, flowline systems, umbilicals, flexibles and subsea processing. The Business’s Subsea projects include front end to decommissioning; field architecture, integrated design, and engineering, procurement, construction and installation. The Business’s Subsea services include drilling; installation, completion, and life of field; asset management; well intervention and inspection maintenance and repair (IMR), and remotely operated underwater vehicles (ROVs) and manipulator systems..