Is TechnipFMC plc Ordinary Share (FTI)’s Fuel Running Low? The Stock Formed Bearish Double Bottom Pattern

July 17, 2017 - By Michael Collier

Investors sentiment decreased to 0.77 in 2016 Q4. Its down 0.09, from 0.86 in 2016Q3. It dropped, as 62 investors sold TechnipFMC plc Ordinary Share shares while 142 reduced holdings. 45 funds opened positions while 112 raised stakes. 181.04 million shares or 7.98% less from 196.73 million shares in 2016Q3 were reported.
Blackrock Institutional Na holds 0.03% or 6.39 million shares in its portfolio. Daiwa Secs Gp reported 0% of its portfolio in TechnipFMC plc Ordinary Share (NYSE:FTI). Gulf Comml Bank (Uk) Limited invested in 0.04% or 67,874 shares. Bancshares Of Montreal Can reported 0.06% of its portfolio in TechnipFMC plc Ordinary Share (NYSE:FTI). Moreover, Jacobs Levy Equity Management Inc has 0.06% invested in TechnipFMC plc Ordinary Share (NYSE:FTI) for 90,543 shares. Evercore Wealth Mngmt Limited Liability stated it has 180 shares or 0% of all its holdings. Swiss Bancshares holds 0.04% or 626,994 shares. Kornitzer Capital Mngmt Inc Ks accumulated 690,811 shares or 0.46% of the stock. 631,489 were accumulated by Gabelli & Invest Advisers. Delta Lloyd Nv holds 0.06% of its portfolio in TechnipFMC plc Ordinary Share (NYSE:FTI) for 57,527 shares. Aqr Cap Mngmt Ltd Liability Com invested in 0% or 74,090 shares. Nuance Lc has invested 0.42% of its portfolio in TechnipFMC plc Ordinary Share (NYSE:FTI). Creative Planning holds 0% or 4,120 shares. Amer Natl Registered Inv Advisor Inc reported 7,835 shares stake. Nordea Invest stated it has 0% in TechnipFMC plc Ordinary Share (NYSE:FTI).

The chart of TechnipFMC plc Ordinary Share (FTI) shows a double bottom with $25.55 target or 9.00 % below today’s $28.08 share price. The 7 months chart pattern indicates high risk for the $13.10 billion company. It was reported on Jul, 17 by Finviz.com. If the $25.55 price target is reached, the company will be worth $1.18 billion less. Double bottoms are rare but powerful chart patterns.

It closed at $28.08 lastly. It is down 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors wait TechnipFMC plc Ordinary Share (NYSE:FTI) to report on July, 19. its quarterly earnings Wall Street analysts expect $0.37 EPS, up $0.15 or 68.18 % from last year’s $0.22 same quarter earnings. This translates into $172.61 million profit for FTI giving the stock a 18.97 P/E. This is assuming the current $0.37 EPS is accurate. TechnipFMC plc Ordinary Share’s Wall Street analysts see -47.89 % negative EPS growth, taking into account the $0.71 EPS reproted in the previous quarter,

TechnipFMC plc Ordinary Share (NYSE:FTI) Ratings Coverage

Among 27 analysts covering FMC Technologies (NYSE:FTI), 14 have Buy rating, 1 Sell and 12 Hold. Therefore 52% are positive. FMC Technologies had 67 analyst reports since July 23, 2015 according to SRatingsIntel. KLR Group initiated it with “Buy” rating and $43 target in Monday, December 14 report. RBC Capital Markets maintained TechnipFMC plc Ordinary Share (NYSE:FTI) on Friday, June 2 with “Hold” rating. Credit Suisse upgraded TechnipFMC plc Ordinary Share (NYSE:FTI) on Friday, September 4 to “Neutral” rating. Oppenheimer initiated TechnipFMC plc Ordinary Share (NYSE:FTI) on Tuesday, January 12 with “Perform” rating. The company was maintained on Wednesday, September 9 by Macquarie Research. The stock has “Hold” rating by Deutsche Bank on Friday, July 31. On Thursday, July 23 the stock rating was maintained by Cowen & Co with “Outperform”. The stock of TechnipFMC plc Ordinary Share (NYSE:FTI) has “Hold” rating given on Thursday, March 23 by RBC Capital Markets. The stock has “Outperform” rating by Cowen & Co on Thursday, February 18. The stock of TechnipFMC plc Ordinary Share (NYSE:FTI) has “Buy” rating given on Friday, March 11 by Goldman Sachs.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: