FMC Technologies (FTI) : The highest short term price target forecast on FMC Technologies (FTI) is $47 and the lowest target price is $26. A total of 20 equity analysts are currently covering the company. The average price of all the analysts is $32.55 with a standard deviation of $5.34.
The short interest in FMC Technologies (FTI) has declined from 9,076,291 on June 15,2016 to 8,088,500 on June 30,2016. The change was measured at 987,791 shares or 10.9%. The leftover shorts were 3.6% of the floated shares. The days to cover are 2, given the average daily volume of 3,518,082 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity Analysts at the Brokerage Firm, Barclays, downgrades their rating on the shares of FMC Technologies (NYSE:FTI). Barclays has a Equal-weight rating on the shares. Previously, the analysts had a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $33 per share from a prior target of $37. The rating by the firm was issued on May 20, 2016.
FMC Technologies (NYSE:FTI): stock turned positive on Thursday. Though the stock opened at $27.46, the bulls momentum made the stock top out at $27.5425 level for the day. The stock recorded a low of $27.12 and closed the trading day at $27.34, in the green by 1.07%. The total traded volume for the day was 2,322,008. The stock had closed at $27.05 in the previous days trading.
FMC Technologies, Inc. is a provider of technology solutions for the energy industry. The Companys 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.