After A Home Run, Taking Profits On TechnipFMC (Rating Downgrade)

The Global Investor 2.24K Followers Follow Summary TechnipFMC plc has delivered exceptional returns post-spin but now faces a shifting macro environment and increased global competition. I downgrade FTI stock to Sell, citing a shrinking backlog, falling book-to-bill, and a less favorable long-term demand outlook for offshore oil. The Subsea7-Saipem merger creates a formidable global competitor, threatening FTI’s market leadership and future order growth. FTI trades at a premium P/E to peers, offers a weak dividend, and lacks the financial strength to capitalize on downturns or industry shifts. kateafter/iStock Editorial via Getty Images "Over the last 4 years, TechnipFMC has been far and away the best story in energy services. Trading at under $10 of stock is now up almost 8x since the period when Upstream spending globally has been This article was written by The Global Investor 2.24K Followers Follow The Global Investor has 4.5/5 stars on TipRanks and is in the top 12% of financial bloggers as of July 2026. I cover common stocks and REITs. My background is in equity long/short fund management, energy trading, credit trading and technology. Bachelor's in Financial Engineering. Master's in Finance. Lived and worked in six countries, hence the global. Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.