FMC Technologies (FTI) has risen sharply, recording gains of 10.56% in the past 4 weeks. However, the stock has corrected -2.67% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 10.79% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 5.06% and the fifty day Moving Average is 5.51%. FMC Technologies, Inc. is up 3.93% in the last three month period. Year-to-Date the stock performance stands at -3.27%.
FMC Technologies (FTI) : 18 investment research analysts covering FMC Technologies (FTI) have an average price target of $32.28 for the near short term. The highest target price given by the Brokerage Firm to the stock is $47 and the lowest target is $26 for the short term. Analysts expect the variance to be within $5.87 of the average price.
FMC Technologies (NYSE:FTI): On Fridays trading session , Opening price of the stock was $28.68 with an intraday high of $28.91. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $27.92. However, the stock managed to close at $28.06, a loss of 1.65% for the day. On the previous day, the stock had closed at $28.53. The total traded volume of the day was 4,485,196 shares.
FMC Technologies, Inc. is a provider of technology solutions for the energy industry. The Companys segments include Subsea Technologies, Surface Technologies and Energy Infrastructure. Subsea Technologies designs and manufactures products and systems and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. Surface Technologies designs and manufactures systems and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and gas; designs, manufactures and supplies high pressure valves and fittings for oilfield service companies, and also provides flowback and wireline services for exploration companies. Energy Infrastructure manufactures and supplies liquid and gas measurement and transportation equipment and systems for the production, transportation and processing of crude oil, natural gas and petroleum-based refined products and the mining industry.