We are sticking with our $66 fair value estimate for narrow-moat FMC Technologies after it announced better-than-expected margins in the third quarter. Orders improved from the quarter prior, but still less
FMC Technologies announced robust revenue and earnings growth in the second quarter, helped in part by a gain from the sale of its Material Handling
comparison, Schlumberger and Halliburton pay out dividends with payout ratios in the low 20s, and close peers Cameron and FMC Technologies do not pay any dividends at all, choosing instead to return cash through share buybacks. We expect NOV to continue to
Just in time for narrow-moat FMC Technology's first-quarter update, we are transferring coverage to a new analyst and raising our fair value estimate to $66 per share from $54. We derived our new fair value estimate from a 10-year forecast and discounted cash-flow methodology, supported by an ...
1883. After a number of corporate actions over its 130-year history, the current JBT was spun off from energy company FMC Technologies in 2008. JBT's history is important because over time the company has developed extremely strong customer relationships and
its history from Total for its Moho Phase 1 subsea project in the Congo. This award is a high-profile win over peer FMC Technologies . However, the near-term outlook looks disappointing for Cameron. The firm lowered its fourth-quarter earnings per
FMC Technologies reported a mixed third quarter. Revenue increased 22% from the prior year to $1.7 billion, thanks to strong subsea project
market opportunity that will more than quadruple in size to $11 billion by 2017 from $2.1 billion in 2013. Third, FMC Technologies , Technip, National Oilwell Varco, and Cameron are all good ways to play the deep-water development shift. FMC is
earlier piece, "Oilfield Water Management: The Oil and Gas Industry's Holy Grail," outlines in more depth the growth opportunity for some of the best-positioned firms, which are Schlumberger, Halliburton, and FMC Technologies .
FMC Technologies FTI reported a solid quarter, in our view. Second-quarter revenue of $1.7 billion was up 14% from the prior year while