This Energy Stock Is Trading at New 10-Year Highs

Core Viewpoint - TechnipFMC (FTI) is a leading manufacturer and supplier in the energy industry, currently valued at $16.9 billion, with strong technical momentum and significant stock performance [1][5]. Company Overview - TechnipFMC designs, produces, and services systems and products for subsea, onshore, offshore, and surface projects [1]. - The company has a market capitalization of $16.9 billion and a trailing price-earnings ratio of 18.3 [6]. Stock Performance - FTI shares have reached a new 10-year high of $42.65 in intraday trading on October 30 [3]. - The stock has gained nearly 59% over the past year and 45% year-to-date [5]. - Since the Trend Seeker "Buy" signal on October 27, the stock has increased by 4.38% [2]. Technical Indicators - TechnipFMC has a Weighted Alpha of +55.42 and a Relative Strength Index (RSI) of 67.08 [6]. - The stock has made 5 new highs and gained 10.96% in the last month [6]. - A technical support level is identified around $41.29 [6]. Analyst Opinions - FTI maintains an 88% "Buy" opinion from Barchart, with a 100% "Buy" rating [5][6]. - The stock's technical indicators suggest strong momentum and consistent price appreciation [2][3]. Financial Projections - Revenue is projected to grow by 9.47% this year and an additional 6.82% next year [7]. - Earnings are estimated to increase by 23.41% this year and 21.53% next year [7]. - The company offers a dividend yield of 0.47% [7].