TechnipFMC stock rating reiterated at Overweight by Piper Sandler

Investing.com - Piper Sandler has reiterated its Overweight rating and $44.00 price target on TechnipFMC (NYSE:FTI), according to a research note released Wednesday. InvestingPro data shows the company maintains a "GREAT" financial health rating and a perfect Piotroski Score of 9, indicating strong operational efficiency.

The firm noted that TechnipFMC stock has risen 45% over the past year, significantly outperforming the OIH oil services index, which declined 11% during the same period. This outperformance has been supported by upward earnings revisions, operational execution, multiple re-rating, and recent inclusion in the S&P MidCap 400.

Piper Sandler will be hosting investor meetings next week on the West Coast with TechnipFMC CEO Doug Pferdehirt and Investor Relations representative Matt Seinsheimer, focusing on future catalysts that could support continued stock performance.

Key discussion topics for these meetings are expected to include the structurally improved offshore cycle, Subsea order outlook, Subsea margin expansion, and technology innovation.

The meetings will also address capital allocation strategies, including free cash flow generation, shareholder returns, and potential merger and acquisition opportunities for the oil services company.

In other recent news, TechnipFMC reported impressive financial results for the second quarter of 2025, with earnings per share reaching $0.68, significantly surpassing the forecasted $0.58. The company’s revenue also exceeded expectations, totaling $2.53 billion compared to the anticipated $2.48 billion. In addition to these strong earnings, TechnipFMC secured a significant subsea contract from Petrobras, valued between $75 million and $250 million. This contract encompasses the design, engineering, and manufacturing of subsea production systems for various Petrobras projects.

Furthermore, TechnipFMC is set to join the S&P MidCap 400 index, replacing Skechers USA Inc. This change is expected to take effect before the market opens on September 12, 2025. Analyst Guillaume Delaby from Bernstein raised the price target for TechnipFMC to $37.00 from $32.00, maintaining a Market Perform rating. This adjustment follows the company’s robust second-quarter results and its indication of targeting the high end of its 2025 guidance. These developments highlight TechnipFMC’s strong position and ongoing growth in the industry.

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