5 stories mentioning FTI
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Kay G Priestly, Director, on May 05, 2026, sold 6,000 shares in Technipfmc (FTI) for $447,960. Following the Form 4 filing with the SEC, Priestly has control over a total of 127,246 ordinary shares of the company, with 127,246 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1681459/000136086426000006/xslF345X05/wk-form4_1778098163.xml
TechnipFMC (FTI) has an average rating of overweight and mean price target of $72.29 according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $75.22, Change: $-0.35, Percent Change: -0.47%
Oilfield services firm TechnipFMC (FTI) reported Q1 earnings Thursday, showing inbound orders dropped to $2.15 billion, down from $3.09 billion for the same period a year earlier.The company's backlog remained broadly stable at $16.47 billion despite the drop in new orders, compared with $15.82 billion in the corresponding period last year. The backlog rose 4.1% year-over-year.TechnipFMC's Subsea segment's inbound orders stood at $1.90 billion in the quarter, down from $2.79 billion a year earlier. However, despite weaker order intake, the Subsea backlog increased by 5.7% to $15.80 billion, up from $14.95 billion a year earlier.Subsea backlog points to steady future revenue streams, with $5.22 billion scheduled for execution over the remainder of 2026, $4.68 billion in 2027, and $5.90 billion extending into 2028 and beyond.TechnipFMC's Surface Technologies segment's inbound orders stood at $248.7 million in Q1, down 18.1% from $303.6 million a year ago, while backlog fell by 23.3% to $667.6 million, down from $870.4 million.Price: $75.78, Change: $-1.21, Percent Change: -1.57%
Energy stocks were declining premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) 1.2% lower.The United States Oil Fund (USO) was down 3.4% and the United States Natural Gas Fund (UNG) was 0.6% lower.Front-month US West Texas Intermediate crude oil was 1.5% lower at $105.33 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil fell 3.3% to $114.13 per barrel, and natural gas futures were up 0.6% at $2.66 per 1 million British Thermal Units.ConocoPhillips (COP) shares were down more than 2% after the company posted lower Q1 adjusted earnings and revenue.TotalEnergies (TTE) and partner Nextnorth have reached financial close and broke ground on a 440 MWp solar power plant in Ilagan, the Philippines, the companies said. TotalEnergies stock was down more than 1% premarket.TechnipFMC (FTI) shares were down more than 3% after the company reported Q1 revenue that missed analysts' expectations.
Middle East onshore rig counts fell by 43 rigs, or 5% over the month in March, while offshore counts declined by 10 rigs, or 4%, RBC Capital Markets strategists said in a Tuesday note.These disruptions, along with higher logistics and staffing costs, are expected to pressure first-half results for companies with regional exposure, RBC said.In the US, Q1 rig counts totaled 530, down 7% over the year but above RBC's estimate of 518, prompting an upward revision to its 2026 forecast to 544 from 526.RBC expects activity to remain supported by higher oil prices, easing concerns about a potential drop in West Texas Intermediate crude to $50 per barrel coming into 2026.In Canada, rig counts reached 216, down 4% over the year but slightly above RBC's estimate of 214, with spending expected to remain broadly flat, RBC said.Meanwhile, oilfield services stocks have surged about 36% in 2026, with valuations shifting higher as the sector heads into the Q1 earnings season, strategists said.RBC said Q1 reporting begins Apr. 21 with Halliburton (HAL), Saipem, and Weatherford (WFRD), as investors assess geopolitical risks and future production recovery trends, the report said.RBC said US-focused companies have outperformed peers with Middle East exposure this year, reflecting stronger domestic activity trends and fewer geopolitical disruptions.The firm's top picks include Schlumberger (SLB), Baker Hughes (BKR), TechnipFMC (FTI), Enerflex (EFXT), Patterson-UTI Energy (PTEN), Hunting and CES Energy Solutions, according to the note.Meanwhile, RBC lowered its Q1 EBITDA estimates by 2.4%, with the largest revisions for Schlumberger (SLB) and Trican Well Service (TCW), while raising forecasts for Saipem, TechnipFMC and Enerflex.The revised estimates generally fall below consensus, particularly for Trican Well Service, Atlas Energy Solutions (AESI) and Calfrac Well Services (CFW), while exceeding expectations for Halliburton, Enerflex and Ensign Energy Services, RBC said.RBC downgraded Trican Well Service to sector perform from outperform with a $7.50 price target and cut NOV (NOV) to sector perform from outperform with a $21 price target.