RBC Capital analyst Kurt Hallead maintained a Buy rating on TechnipFMC (NYSE:FTI) PLC on Thursday, setting a price target of $12, which is approximately 49.44% above the present share price of $8.03.
Hallead expects TechnipFMC PLC to post earnings per share (EPS) of $0.03 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in TechnipFMC, with an average price target of $9.85.
The analysts price targets range from a high of $12 to a low of $6.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $3.16 billion and a net profit of $104.1 million. The company's market cap is $3.61 billion.
According to TipRanks.com, RBC Capital analyst Kurt Hallead is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -16.7% and a 26.37% success rate.
TechnipFMC Plc is an energy service company, which engages in the provision of solutions for the production and transformation of hydrocarbons. It operates through the following segments: Subsea, Onshore & Offshore, and Surface Technologies. The Subsea segment engages in designing, engineering, procurement, manufacturing, fabrication and installation, and life of field services for subsea systems, subsea field infrastructure, and subsea pipe systems used in oil and gas production and transportation. The Onshore & Offshore segment offers designing and project development services. The Surface Technologies segment designs and manufactures products & systems, and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and natural gas. The company was founded on December 9, 2015 and is headquartered in London, the United Kingdom.