Analysts have raised their fair value estimate for TechnipFMC from $41.71 to $42.85 per share. They cite stronger confidence in the company's ability to accelerate offshore development cycles and capture more economic value for customers.

Analyst Commentary

Recent Street research shows growing optimism among analysts regarding TechnipFMC's outlook, with several upward price target revisions and rating upgrades. The consensus highlights accelerated offshore development cycles, a stronger ability to capture economic value, and solid execution against the company's growth plans.

• Bullish analysts see TechnipFMC's ongoing efforts to streamline offshore development cycles as a major driver for improved project economics and faster returns for customers.
• Several raised price targets point to increased confidence in the company's ability to capture a larger share of the value it creates. This is contributing to positive earnings momentum.
• The firm's ability to withstand broader macroeconomic uncertainty is viewed as a sign of robust business fundamentals, particularly in the subsea segment.
• Management's reiterated goal to achieve $30 billion in subsea inbound orders by year-end is seen as both ambitious and credible. This supports the company’s medium-term growth story.

What's in the News

• TechnipFMC has been awarded a substantial contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana's Stabroek Block. The scope includes project management, engineering, and manufacturing of subsea systems using the Subsea 2.0 platform. The contract value is between $250 million and $500 million (Client Announcements).
• The company received a significant contract from Petrobras to design, engineer, and manufacture subsea production systems for various greenfield and brownfield developments, utilizing local manufacturing capabilities in Brazil. The contract also encompasses installation support and life-of-field services. The value is between $75 million and $250 million (Client Announcements).
• TechnipFMC has been awarded two flexible pipe contracts by Petrobras for projects in the Santos and Campos Basins, including a substantial contract for high-technology flexible gas injection risers to improve reservoir pressure and production efficiency and a significant contract for flexible risers and flowlines, to be manufactured in Brazil (Client Announcements).
• The company has been added to several major indices, including the S&P 1000, S&P 400, S&P 400 Energy sector, and S&P Composite 1500 (Client Announcements).
• TechnipFMC completed a buyback tranche from April to June 2025, repurchasing over 8.2 million shares, representing 1.98% of shares outstanding, and completing a buyback program totaling 12.72% of shares since 2022 (Client Announcements).

Valuation Changes

• The Fair Value Estimate has risen slightly, moving from $41.71 to $42.85 per share.
• The Discount Rate has decreased marginally, from 7.54% to 7.52%.
• Revenue Growth projections have increased modestly, from 5.83% to 5.86%.
• The Net Profit Margin is expected to be marginally lower, edging down from 10.55% to 10.49%.
• The Future P/E Ratio has increased, going from 16.14x to 16.66x.