Wells Fargo Positive on FMC Technologies (FTI) Contract Win; Deal Positive for CAM, DRQ and OII Too

Article Stock Quotes (5) Comments (0)

Wells Fargo maintains a 'Market Perform' on FMC Technologies (NYSE: FTI).

Analyst, Tom Curran, is positive on FTI's $200 million contract win from Statoil (NYSE: STO) (potential extensions are worth $667M in revs). However, Curran sees this deal as a positive for the whole sector of subsea hardware providers, including Cameron (NYSE: CAM), Dril-Quip (NYSE: DRQ) and Oceaneering International, Inc. (NYSE: OII).

(NOTE - Curran maintains an 'Outperform' rating on CAM, DRQ and OII, favoring these three over FTI)

For an analyst ratings summary and ratings history on FMC Technologies click here. For more ratings news on FMC Technologies click here.

Shares of FMC Technologies closed at $41.67 yesterday, with a 52 week range of $34.46-$55.19.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
• Toll Bros. (TOL) Q2 Solid but Not Much Better Than Peers
• Hewlett-Packard (HPQ) Q2 Performance Wins Praise on Wall Street; Jefferies Raises to Hold

Create E-mail Alert Related Categories

Analyst Comments

Related Entities

Wells Fargo

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?