Offshore rig contractor Noble Corporation's (NE) CEO, Robert Eifler, recently shed light on the future of deepwater drilling, predicting that dayrates for rigs could rise to $600,000 per day by 2026. This optimistic outlook hinges on expected growth in global deepwater spending, which Noble forecasts will average $79 billion annually in 2026 and 2027. This would mark a 20% increase from 2023-2025, reflecting oil producers' renewed focus on deepwater exploration. As dayrates largely dictate the amount of rev ...

Core Insights - FTI Consulting has launched a Cybersecurity practice in Spain, appointing Oliver Gower as Senior Managing Director to lead this initiative [1][3][4] Company Overview - FTI Consulting, Inc. is a global business advisory firm with over 8,000 employees across 33 countries, generating $3.49 billion in revenues during fiscal year 2023 [7] Leadership and Expertise - Oliver Gower joins FTI Consulting from Banco Santander, where he led the Global Cyber Emergency Response Team and developed a global cybersecurity response capability [2][4] - Gower has extensive experience in cybersecurity, having held senior positions in the UK's National Crime Agency and advising government ministers on strategic responses to cybercrime [5][6] Strategic Focus - The establishment of the Cybersecurity practice in Spain is part of FTI Consulting's growth strategy, aiming to provide comprehensive cybersecurity solutions to organizations and government bodies [3][4][6] - Gower's role will involve advising on incident response, regulatory compliance, investigations, and operational resilience strategies [3][4]

WASHINGTON, Sept. 16, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the launch of a National Security offering to address growing threats to the private sector and increased demand for comprehensive solutions that protect clients, their supply chains and critical assets, and national interests in an increasingly globalized and digitized world. Domestic and international companies in all industries are facing threats from sophisticated, hostile foreign actors. They also need to be ...

Core Viewpoint - TechnipFMC is viewed as a buying opportunity despite recent sell-offs in energy equities, supported by strong fundamentals and a resilient offshore macro environment [3][16]. Financial Performance - TechnipFMC has demonstrated significant growth in backlog, revenue, and free cash flow, with a year-over-year revenue growth of 29.21% and EBITDA growth of 54.75% [2][6]. - The company's backlog as of June 30, 2024, stands at $12.9 billion, indicating strong future revenue visibility [7]. - Free cash flow has increased by 140%, showcasing effective cash management [6]. Market Dynamics - The subsea segment of TechnipFMC is experiencing double-digit growth despite falling oil prices, attributed to long lead times in offshore oil and gas infrastructure projects [4][5]. - The Surface Technology segment, however, is underperforming due to its exposure to onshore sales [5]. Strategic Initiatives - Management has successfully implemented Subsea 2.0 and iEPCI platforms, which streamline operations and reduce costs for clients, leading to improved project economics [8][10]. - The integrated approach of these platforms is expected to lower breakeven costs for customers, driving demand for TechnipFMC's services [11]. Shareholder Returns - The company has engaged in stock buybacks amounting to approximately $300 million year-to-date, providing a 6% annualized buyback yield, which is expected to support stock price recovery [12]. - Wall Street analysts have set an average price target of $30.16 for TechnipFMC, suggesting a potential upside of 24.37% [13]. Growth Outlook - TechnipFMC is positioned for secular growth within the energy sector, with strong growth metrics compared to sector averages, including a revenue growth grade of A [14][16].

WASHINGTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Jeff Wray as a Senior Managing Director and Industry Growth and Strategy Leader within the Corporate Finance & Restructuring segment. Mr. Wray will focus on building industry teams across the firm's strategy, transformation and transactions capabilities and will lead the new Consumer & Retail industry practice within FTI Delta, the strategy consulting practice of FTI Consulting. Mr. Wray, who i ...

Jean-Werner de T'Serclaes Joins as Co-Leader of France and Leader of the Firm's Cross-Segment Financial Services Offerings in EMEA Ramon Baeza Joins as Energy Lead and Enhances Business Transformation Capabilities in Spain Wim Gysegom Boosts Chemicals and Automotive Operational Transformations Offering in the UK and EMEA LONDON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today continued investment in its Corporate Finance & Restructuring segment in Europe, the Middle East and Africa ...

WASHINGTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Juli Saitz as a Senior Managing Director in the Dispute Advisory Services practice within the firm's Forensic and Litigation Consulting segment. Ms. Saitz, who is based in New York, has more than 25 years of experience providing forensic accounting and financial and economic analysis for litigation matters. She has extensive experience delivering expert testimony across a variety of industries ...

Leading oilfield services provider, TechnipFMC plc (FTI) has given an impressive performance over the past year. The company also has strong earnings trends to back up its performance. This UK-headquartered company, in its current form, came into existence following the January 2017 merger between Technip and FMC Technologies. TechnipFMC is a manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. It is engaged in designing, producing and servicing ...

FTI Consulting Inc. (FCN) had an impressive run over the year-to-date period. The stock has gained 13% compared with the 9.9% rally of its industry. FCN reported impressive second-quarter 2024 results. Quarterly earnings per share of $2.34 surpassed the Zacks Consensus Estimate by 19.4% and increased 33.7% year over year. Total revenues of $949.2 million beat the consensus mark by 2.1% and increased 9.8% from the year-ago quarter. How is FTI Consulting Doing? FCN's top line is aided by its diversified offer ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is FMC Technologies (FTI) one of those stocks right now? Let's take a closer look at the stock's yearto-date performance to find out. FMC Technologies is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within th ...