TechnipFMC is an energy service provider that specializes in producing and transforming hydrocarbons for its clients. The company operates through two segments: Subsea and Surface Technologies. The Subsea segment designs and manufactures products and systems, performs engineering, procurement and project management services used by offshore oil and gas companies to explore and produce crude oil and natural gas.

In other news related to TechnipFMC plc, Director Carvalho Filho Eleazar De has recently sold 22,208 shares of the company’s stock on March 9th. The shares were sold at an average price of $15.10 for a total transaction value of $335,340.80. Following the sale completion process, the director now owns 107,092 shares valued at $1,617,089.20.

The sale was disclosed in a document filed with the SEC website as required by law which ensures transparency in financial transactions of publicly-traded companies such as TechnipFMC plc.

This recent acquisition of TechnipFMC’s stock by Natixis Advisors L.P., coupled with Director Carvalho Filho Eleazar De’s recent sale indicate that there are significant changes happening within this particular segment of the energy industry framework; hence it is safe to say that many individuals are keeping an eye out for how things will unfold moving forward.

It remains unclear what outcome these events will have on TechnipFMC’s future direction since changes of this nature can lead to positive or negative outcomes given timeframes that could span over a long period. Nonetheless, this is one of the companies that every interested party wants to keep an eye on.

Institutional Investors and Hedge Funds Show Confidence in TechnipFMC as Energy Service Company Gears Up for Growth

TechnipFMC, the energy service company dedicated to providing solutions for the production and transformation of hydrocarbons, has attracted several institutional investors and hedge funds who have bought and sold shares in the company. Encompass Capital Advisors LLC, Goldman Sachs Group Inc., Renaissance Technologies LLC, Stephens Investment Management Group LLC and Two Sigma Investments LP are among the investors who now own significant stakes in the oil and gas firm. According to Bloomberg data, 94.52% of TechnipFMC’s stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on TechnipFMC, with a consensus rating of “Moderate Buy” and a consensus price target of $16.00. BTIG Research raised their target price on shares of TechnipFMC from $15.00 to $18.00, while Citigroup increased their target price from $18.00 to $20.00 and Cowen boosted their price target from $17.00 to $20.00, each issuing a “buy” rating in each report.

The Subsea segment engages in designing and manufacturing products and systems for offshore exploration and production of crude oil and natural gas, alongside performing engineering activities. The Surface Technologies segment provides manufacturing services through various locations spanning over four continents as well as completing its project management services offering.

TechnipFMC (NYSE:FTI) currently trades at just over $13 per share on the New York Stock Exchange with a market capitalisation of $6 billion; during Q1 2023 the company experienced major growth atop a record run throughout 2022.

Analysts predict that despite falling short of earnings targets earlier this year, with ($0.05) earnings per share instead of an anticipated $0.03 profit – largely due to rising competition throughout the industry – TechnipFMC will bounce back this year with projected earnings per-share of $0.49 for the fiscal year, an impressive sign for the global energy market.

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