Home  »  Stocks to Invest   »  TechnipFMC PLC (FTI) Stock Exhibits Minor Volatili...

TechnipFMC PLC (FTI) Stock Exhibits Minor Volatility Following Disclosure of Financial Reports for Q3 2021

TechnipFMC PLC (FTI) stock prices were up by 3.98% as of the market closing on October 21st, 2021. This brought the price per share up to USD$8.09. Subsequent premarket fluctuations saw the stock dip by 5.69%, bringing it up to USD$8.09.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report


Quarterly Developments

The third quarter of fiscal 2021 saw FTI stock reflect the continued strength of its operational performance, bolstering confidence in the achievement of full year guidance. The company has also made progress in regard to commitments made to consolidate its balance sheet, as well as exiting the ownership stake in Technip Energies. Most recently, the company completed a sale which marked the sale of just over 75% of its original stake in Technip Energies. The freed up capital was allocated towards the reduction of the company’s outstanding debt by USD$185 million in the third quarter of fiscal 2021.

Inbound Order Breakdown

Inbound orders in Subsea were reported at USD$1.1 billion, which brought the year to date segment total up to USD$3.9 billion. The strength of this inbound was largely attributable to direct awards, subsea services, alliance partners, and various long-term vessel charters. The company continues to forecast order growth over the course of the 2022 year. This grown is supported by the fourth consecutive quarter of increased project value in the company’s Subsea Opportunity list. Surface Technologies reported inbound orders amounting to USD$250 million for the quarter. Substantial growth in international order activity is forecasted for the fourth quarter of fiscal 2021. This growth will be primarily driven by several multi-year awards.

Collaboration with Talos

FTI stock also announced a long term strategic partnership with Talos energy. This collaboration is designed to develop and deliver solutions for carbon capture and storage, or CCS. The partnership is a crucial step for both companies, facilitating the integration of Talos’s offshore operational strength and sub-surface expertise with its established track record in subsea engineering, system integration and automation and control. Furthermore, the company is confident that composite technologies from Magma will prove to be a critical enabler to the carbon transportation system.

Future Outlook for FTI Stock

The company is keen to leverage the combines resources at its disposal in a bid to usher in unprecedented growth. FTI stock is taking steps to ensure it maintains the trajectory of success it has enjoyed over recent quarters. Current and potential investors are hopeful that management will be able to leverage the resources at their disposal. This is hoped to facilitate significant and sustained increases in shareholder value over the long term.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts




The 5 Best Inflation Stocks for 2022

100% free. stop anytime no spam

Get our free report on the stocks that we recommend for investors who want to protect their portfolios from inflation.

Receive Best Stock To Trade Before The Opening Bell



100% Free. Stop Anytime. No Spam