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TechnipFMC PLC stock reached a new 52-week high, hitting 45.01 USD, reflecting the company’s strong performance over the past year. The stock has experienced a remarkable 46.3% increase over the last 12 months, with an even more impressive 54.9% gain year-to-date and 50.47% surge over the past six months. This exceptional trajectory signals robust investor confidence and favorable market conditions for the $18.15 billion energy services company. This milestone underscores TechnipFMC’s positive trajectory and positions it well as it continues to navigate the complexities of the energy sector. With a P/E ratio of 19.66 and a notably low PEG ratio of 0.31, the company appears attractively valued relative to its growth prospects. InvestingPro analysis indicates the stock is slightly undervalued with an overall financial health rating of "GREAT," supported by 11.44% revenue growth and moderate debt levels. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for TechnipFMC and 1,400+ other top US equities.
In other recent news, TechnipFMC has secured a significant contract valued between $250 million and $500 million from Eni for the deepwater Maha project offshore Indonesia. This Engineering, Procurement, Construction, and Installation (iEPCI) contract will see TechnipFMC responsible for designing and manufacturing various subsea components. Despite this positive development, TechnipFMC’s third-quarter results missed analyst expectations, with the company posting a clean EBIT of EUR125 million, below the EUR135 million estimated by KECH and the consensus forecast of EUR137 million.
Following these results, Jefferies raised its price target for TechnipFMC to $50, maintaining a Buy rating, citing guidance upgrades announced during the third-quarter results. RBC Capital also increased its price target to $47, highlighting strong third-quarter orders and favorable guidance for 2026 Subsea margins. Piper Sandler adjusted its price target to $49, noting the company’s 2026 Subsea margin guidance of 20.5-22%, with a midpoint exceeding the current consensus. These recent developments reflect ongoing interest and confidence from analysts in TechnipFMC’s future performance.
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