FMC Technologies (NYSE:FTI) stock is expected to deviate a maximum of $5.18 from the average target price of $32.8 for the short term period. 20 Street Experts have initiated coverage on the stock with the most promising target being $47 and the most muted being $26.
FMC Technologies, Inc. has lost 5.12% in the last five trading days and dropped 0.89% in the last 4 weeks. FMC Technologies, Inc. has dropped 2.09% during the last 3-month period . Year-to-Date the stock performance stands at -8.07%. Also, Equity Analysts at the Barclays downgrades the rating on FMC Technologies (NYSE:FTI). The brokerage firm has issued a Equal-weight rating on the shares. The shares were previously rated Overweight. The Analysts at the ratings agency lowers the price target from $37 per share to $33 per share. The rating by the firm was issued on May 20, 2016.
FMC Technologies (NYSE:FTI) : 7 brokerage houses believe that FMC Technologies (NYSE:FTI) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 12 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on FMC Technologies (NYSE:FTI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 20 Wall Street Analysts endorse the stock as a Buy with a rating of 2.25.
FMC Technologies (NYSE:FTI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.16 and $25.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.67, notching a gain of 3.13% for the day. The total traded volume was 3,299,678 . The stock had closed at $25.86 on the previous day.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (V.P., Technology) of Fmc Technologies Inc, Beitler Bradley D. had sold 2,836 shares worth of $69,879 in a transaction dated February 18, 2016. In this transaction, 2,836 shares were sold at $24.64 per share.
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.