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FTI

TechnipFMC

$27.02

0.19 (0.71%)

17:02
09/25/17
09/25
17:02
09/25/17
17:02

TechnipFMC implements share repurchase of up to $500M

TechnipFMC announced the implementation of a share repurchase program on the New York Stock Exchange and Euronext Paris, where TechnipFMC's ordinary shares are traded, as previously approved by its Board of Directors on April 25, 2017. TechnipFMC has appointed an investment services provider in order to implement the Share Repurchase Program. Under the Share Repurchase Program, TechnipFMC is authorized to repurchase up to $500M of its ordinary shares by the end of 2018, which as of 25 September 2017 represents a maximum of 18,504,811 shares based on the NYSE closing share price on such date. The Share Repurchase Program is in accordance with the authorization granted by TechnipFMC's shareholder on January 11, 2017, which is valid for a period of five years from that date. TechnipFMC does not currently hold any treasury shares and all ordinary shares repurchased under the Share Repurchase Program will be cancelled and not held as treasury shares. The objective of the Share Repurchase Program is to reduce TechnipFMC's issued share capital.

  • 26

    Oct

FTI TechnipFMC
$27.02

0.19 (0.71%)

08/25/17
RBCM
08/25/17
UPGRADE
Target $37
RBCM
Outperform
TechnipFMC upgraded to Outperform from Sector Perform at RBC Capital
RBC Capital analyst Kurt Hallead upgraded TecnipFMC to Outperform and maintained a $37 price target saying he is seeing an improvement in offshore service companies and believes TechnipFMC is positioned for an early-recovery in the subsea market. Previously delayed FIDs are now nearing sanctioning due to stable oil prices and lower breakeven, combined with an improved tone by management, makes the analyst more constructive on shares.
09/11/17
HSBC
09/11/17
INITIATION
Target $26
HSBC
Hold
TechnipFMC initiated with a Hold at HSBC
HSBC analyst David Phillips initiated TechnipFMC with a Hold and a $26 price target saying valuation is balanced.
09/11/17
09/11/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: DowDuPont (DWDP) initiated with a Buy at BofA/Merrill and an Underweight at Barclays. 2. Brookfield Infrastructure (BIP) initiated with an Outperform at BMO Capital. 3. Micron (MU) initiated with an Outperform at FBN Securities. 4. TechnipFMC (FTI) initiated with a Hold at HSBC. 5. Thor Industries (THO) initiated with a Hold at Aegis. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/12/17
JPMS
09/12/17
NO CHANGE
JPMS
JPMorgan's fall playbook includes downgrades of Precision, Tetra
JPMorgan analyst Sean Meakim laid out his Fall 2017 playbook for the Oil Services & Equipment space and downgraded both Precision Drilling (PDS) and Tetra Technologies (TTM) to Neutral from Overweight. The analyst removed his price targets for both names. Both stocks, despite underperforming year-to-date, have few upside catalysts, Meakim tells investors in a research note. He notes Precision is now the most levered land driller in his coverage universe and that an "M&A bailout of the whole company" is unlikely for Tetra. Meakim's top picks in the sector are TechnipFMC (FTI) and Halliburton (HAL) among large caps and Core Laboratories (CLB), MRC Global (MRC) and ProPetro Holding (PUMP) among small- and mid-caps.

TODAY'S FREE FLY STORIES

SPB

Spectrum Brands

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-0.77 (-0.76%)

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Integra LifeSciences

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-0.63 (-1.21%)

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  • 27

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NCI

Navigant Consulting

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2.92 (15.58%)

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NCI

Navigant Consulting

$21.68

2.94 (15.69%)

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TWTR

Twitter

$33.74

0.9 (2.74%)

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Twitter: TweetDeck to no longer allow concurrent actions from multiple accounts »

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  • 26

    Feb

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MO

Altria Group

$64.06

-0.13 (-0.20%)

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Altria Group plans to reinvest one-third of tax reform benefit in 2018 »

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  • 21

    Feb

SO

Southern Company

$43.25

-0.225 (-0.52%)

13:35
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  • 21

    Feb

QCOM

Qualcomm

$63.99

-0.86 (-1.33%)

, AVGO

Broadcom

$249.62

0.73 (0.29%)

13:35
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Recommendations
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QCOM

Qualcomm

$63.99

-0.86 (-1.33%)

AVGO

Broadcom

$249.62

0.73 (0.29%)

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  • 26

    Feb

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    Mar

MO

Altria Group

$64.11

-0.08 (-0.12%)

13:25
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Altria Group says focused on stabilizing Marlboro share »

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  • 21

    Feb

BA

Boeing

$358.54

5.19 (1.47%)

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Breaking Hot Stocks news story on Boeing »

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  • 21

    Feb

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    May

UNIT

Uniti Group

$15.44

-0.69 (-4.28%)

13:25
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Options
Uniti Group call volume above normal and directionally bullish »

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  • 01

    Mar

  • 05

    Mar

TROW

T. Rowe Price

$109.91

-0.58 (-0.52%)

13:25
02/21/18
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Conference/Events
T. Rowe Price to host investor day »

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  • 21

    Feb

  • 26

    Apr

BA

Boeing

$358.70

5.3515 (1.51%)

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Boeing says737 MAX production line ramping up to 47 per month »

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  • 21

    Feb

  • 30

    May

SO

Southern Company

$43.39

-0.08 (-0.18%)

13:22
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Breaking Hot Stocks news story on Southern Company »

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  • 21

    Feb

SO

Southern Company

$43.43

-0.04 (-0.09%)

13:21
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  • 21

    Feb

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Treasury Action: yields remained relatively inert »

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WMT

Walmart

$92.00

-2.11 (-2.24%)

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Technical Take: Walmart moves up off lows of the day »

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  • 25

    Feb

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$NSD

NASDAQ Market Internals

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BHGE

Baker Hughes

$27.68

1.24 (4.69%)

, GE

General Electric

$14.53

-0.21 (-1.42%)

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BHGE

Baker Hughes

$27.68

1.24 (4.69%)

GE

General Electric

$14.53

-0.21 (-1.42%)

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  • 21

    Feb

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    Feb

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    Feb

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    Feb

$NYE

NYSE Market Internals

13:16
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NYSE market internals summary »

Volume is average for…

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13:15
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General news
Treasury's upsized $35 B 5-year auction was ok, as expected »

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SO

Southern Company

$43.29

-0.18 (-0.41%)

13:14
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Southern Company sees productivity improvement at Vogtle »

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  • 21

    Feb

MO

Altria Group

$64.04

-0.15 (-0.23%)

13:11
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Altria Group aspires to be U.S. leader in non-combustible, reduced-risk products »

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  • 21

    Feb

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General news
5-Yr Note Auction Coupon Rate data reported »

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