TechnipFMC PLC
FTI: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$81.00 | Wkg | Gybmwbc |
Solid Q2 for TechnipFMC Amid Increasing Offshore Oil & Gas Development and Production Activity
TechnipFMC delivered solid results in the second quarter, posting total sequential revenue growth of 10% and a firmwide operating margin of 4%, a level of profitability not seen since 2019. We’ll incorporate the full impact of the firm’s operational and financial results shortly, but after this first look, we’re maintaining our fair value estimate of $14 per share. Our no-moat rating and stable moat trend are unchanged.