SLB - TechnipFMC Takes Subsea Weakness In Stride To Improve In The Long Run
TechnipFMC's performance is due for improvement in the medium-to-long term
TechnipFMC (FTI) provides product, services, and fully integrated solutions that are used in the energy industries as well as in the consumer and industrial markets. I expect FTI's stock price to hold steady in the long run despite the short-term bearishness. Lower fleet utilization, the on-going completions activity slowdown, and lack of demand for FTI's subsea products can drag margin lower in FY2019. Despite the continued pressure from competition and lack of offshore project take-offs, TechnipFMC is trying to improve its margin