TechnipFMC has rallied quickly of late, with the stock gaining in 13 of the last 15 sessions. Shares headed higher again within a cup base Tuesday, making TechnipFMC the day's selection for IBD 50 Stocks To Watch.
The blue dot on IBD MarketSurge shows that the relative strength line, which compares TechnipFMC stock to the benchmark S&P 500 index, is at a new high. Further, the stock gained 7.6% in March while the S&P 500 fell 5.8%.
Moreover, the early stage base can lead to higher gains if the stock executes a strong breakout in higher volume and gets past its all-time high of 33.45.
TechnipFMC provides products and services for onshore and offshore operations in the oil and gas industry.
Shares fell even as President Donald Trump declared an "energy emergency" in January. But they recovered amid fourth-quarter results on Feb. 27. Then uncertainty over tariffs in early March pressured the stock before its most recent rally.
TechnipFMC Stock: Double-Digit Increases
During its fourth quarter, TechnipFMC said sales grew 14% year to year to $2.4 billion for the period ended Dec. 31, while earnings jumped 286% to 54 cents a share. The company expects revenue of $9.9 billion at the midpoint in 2025, up from $9.1 billion in 2024.
TechnipFMC has a Composite Rating of 93 while its Earnings Per Share Rating sits at 82. Shares have outperformed 90% of other stocks in the Investor's Business Daily database.
The stock ranks second in the oil & gas machinery/equipment group, according to IBD Stock Checkup. The sector holds 61st place among IBD's 197 industry groups.
Further, mutual funds own 65% of outstanding shares of TechnipFMC stock. And an increasing number of funds bought shares over the past two quarters.
The T. Rowe Price New Horizons Fund (PRNHX), the Columbia Acorn Fund (ACRNX) and the Invesco Discovery Fund (OPOCX) own shares of Technip FMC stock. All three funds are in the IBD mutual fund index.
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