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Trader Alert: TechnipFMC plc (FTI), Cheniere Energy, Inc. (LNG), Apache Corporation (APA)

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TechnipFMC plc (FTI) retreated with the stock falling -2.34% or $-0.79 to close at $32.92 on light trading volume of 3.1M compared its three months average trading volume of 5.24M. The London London & South East EC4M 8AP based company operating under the Oil & Gas Equipment & Services industry has been trending up for the last 52 weeks, with the shares price now 36.77% up for the period and down by -7.35% so far this year. With price target of $35.91 and a 47.62% rebound from 52-week low, TechnipFMC plc has plenty of upside potential, making it a hold with a view buy.

TechnipFMC plc provides technologies, systems, and services for oil and gas projects worldwide. It operates in three segments: Subsea, Onshore/Offshore, and Surface Projects. The Subsea segment offers products, such as trees, manifolds, controls, templates, flowline systems, umbilicals, and flexibles, as well as subsea processing products. This segment also provides subsea services, including drilling, installation, completion, and field services, as well as asset management, well intervention and IMR, ROVs, and manipulator system services; and services for subsea projects comprising front end to decommissioning, field architecture, integrated design, engineering, procurement, construction, and installation services. The Onshore/Offshore segment offers technical, technological, and project management services across fixed, floating, and onshore facilities, as well as offshore services. The Surface Projects segment provides drilling, completion, and production wellhead equipment, as well as chokes, compact valves, manifolds, and controls; treating iron, manifolds, and reciprocating pumps for stimulation and cementing; separation and flow-treatment systems; flow metering products and systems; marine, truck, and railcar loading systems; installation maintenance services; frac-stack, manifold rental, and operation services; and flowback and well testing services. The company is headquartered in London, the United Kingdom.

Cheniere Energy, Inc. (LNG) gained $2.23 to close the day at a new closing price of $49.33, a 4.73% increase in value from its previous closing price that moved the stock 116.36% above its 52 week low of $22.8. A total of 3.08M shares exchanged hands during the day compared with its three month average trading volume of 2.51M. The stock, which fluctuated between $46.8 and $49.45 during the day, currently situated -2.37% below its 52 week high. The stock is up by 16.48% in the past one month and up by 31.83% over the past three months. With a one year target estimate of $51.75 and RSI of 66.69, the stock still has upside potential, making it a hold for now.

Cheniere Energy, Inc., an energy company, engages in the liquefied natural gas (LNG) related business in the United States. It operates through two segments, LNG Terminal Business, and LNG and Natural Gas Marketing Business. The company owns and operates Sabine Pass LNG terminal in western Cameron Parish, Louisiana; and Corpus Christi LNG terminal near Corpus Christi, Texas. It also owns Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines. In addition, the company is involved in the LNG and natural gas marketing business. Cheniere Energy, Inc. was founded in 1983 and is based in Houston, Texas.

Apache Corporation (APA) shares were up in last trading by 2.27% to $59.09. It experienced lighter than average volume on day. The stock decreased in value by almost -5.53% over the past week and fell -6.98% in the past month. It is currently trading -7.19% below its 50 day moving average and 2.26% above its 200 day moving average. Following the recent increase in price, the stock’s new closing price represents a -14.02% decrease in value from its one year high of $69. The RSI indicator value of 35.25, lead us to believe that it is a hold for now.

Apache Corporation, an independent energy company, explores, develops, and produces natural gas, crude oil, and natural gas liquids. It operates onshore and offshore assets primarily in the Permian Basin, the Anadarko basin in western Oklahoma, the Texas Panhandle, and Gulf Coast areas of the United States, as well as in Western Canada and Gulf of Mexico. The company also operates assets in Egypt and the United Kingdom in the North Sea. As of December 31, 2015, it had total estimated proved reserves of 794 million barrels of crude oil, 198 million barrels of natural gas liquids, and 3.4 trillion cubic feet of natural gas. Apache Corporation was founded in 1954 and is based in Houston, Texas.

 

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