TechnipFMC PLC

FTI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$79.00	Kpgs	Mvrkwxw

Raising TechnipFMC Fair Value Estimate to $15 Due to Robust Pipeline of Offshore Oil & Gas Projects

Katherine Olexa

Nov 11, 2022

We’re raising our fair value estimate for TechnipFMC to $15 from $14 after incorporating its strong third-quarter results, bolstered by our expectation that the long-awaited uptick in offshore oil and gas production will finally materialize over the next several quarters. Our no-moat rating is unchanged.

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