Jefferies Initiates Coverage On FMC Technologies to Hold

Jefferies Initiates Coverage On FMC Technologies(FTI). The shares have been rated Hold. The rating by Jefferies was issued on Feb 6, 2017.

In a different note, Barclays said it Initiates Coverage On FMC Technologies, according to a research note issued on Feb 1, 2017. The shares have been rated ‘Equal-Weight’ by the firm. UBS said it Initiates Coverage On FMC Technologies, according to a research note issued on Jan 27, 2017. The shares have been rated ‘Buy’ by the firm. Goldman Sachs said it Initiates Coverage On FMC Technologies, according to a research note issued on Jan 24, 2017. The shares have been rated ‘Buy’ by the firm. Bernstein said it Initiates Coverage On FMC Technologies, according to a research note issued on Jan 17, 2017. In the research note, the firm Announces the price-target to $27 per share. The shares have been rated ‘Underperform’ by the firm.

FMC Technologies (FTI) shares turned negative on Tuesdays trading session with the shares closing down -0.56 points or -1.75% at a volume of 58,01,520. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.77. The peak price level was also seen at $31.77 while the days lowest was $31.115. Finally the shares closed at $31.47. The 52-week high of the shares is $36.425 while the 52-week low is $23.8. According to the latest information available, the market cap of the company is $7,440 M.

FMC Technologies(FTI) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.15B. Analysts had an estimated revenue of $1.26B. Earnings per share were $0.22. Analysts had estimated an EPS of $0.30.

Several Insider Transactions has been reported to the SEC. On Aug 23, 2016, Sanjay Bhatia (VP, Corporate Development) sold 2,800 shares at $28.44 per share price.Also, On Feb 22, 2016, Bradley D. Beitler (V.P., Technology) sold 2,836 shares at $24.64 per share price.On Jan 4, 2016, Maryann T. Mannen (EVP and CFO) sold 8,500 shares at $29.50 per share price, according to the Form-4 filing with the securities and exchange commission.

FMC Technologies Inc. is a provider of technology solutions for the energy industry. The Company’s segments include Subsea Technologies Surface Technologies and Energy Infrastructure. Subsea Technologies designs and manufactures products and systems and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. Surface Technologies designs and manufactures systems and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and gas; designs manufactures and supplies high pressure valves and fittings for oilfield service companies and also provides flowback and wireline services for exploration companies. Energy Infrastructure manufactures and supplies liquid and gas measurement and transportation equipment and systems for the production transportation and processing of crude oil natural gas and petroleum-based refined products and the mining industry.

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