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Last €57.10 EUR
Change Today +0.57 / 1.01%
Volume 92.9K
As of 4:34 AM 04/2/15 All times are local (Market data is delayed by at least 15 minutes).

technip sa (TEC) Snapshot

Open
€57.11
Previous Close
€56.53
Day High
€57.27
Day Low
€56.83
52 Week High
04/24/14 - €83.47
52 Week Low
01/13/15 - €44.91
Market Cap
6.5B
Average Volume 10 Days
1.0M
EPS TTM
€3.74
Shares Outstanding
113.9M
EX-Date
04/29/15
P/E TM
15.3x
Dividend
€2.00
Dividend Yield
3.25%
Current Stock Chart for TECHNIP SA (TEC)

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technip sa (TEC) Details

Technip SA provides project management, engineering, and construction services for the energy sector in Europe, the Russian Federation, Central Asia, Africa, the Middle-East, the Asia Pacific, and the Americas. It operates through Subsea and Onshore/Offshore segments. The Subsea segment provides design, engineering, manufacturing, and installation services for infrastructures and subsea pipe systems used in oil and gas production and transportation. Its services include delivery of subsea systems, primarily pipelay and subsea construction; maintenance and repair of existing subsea infrastructures; and replacement or removal of subsea equipment. This segment also manufactures manufactures critical equipments, such as umbilicals and flexible pipes. The Onshore/Offshore segment designs and builds various types of facilities for the development of onshore oil and gas fields, as well as renovates existing facilities by modernizing production equipment and control systems. It also engages in the design, construction, and start-up of complex refineries or single refinery units; and design, construction, and commissioning of ethylene production plants and hydrogen and synthesis gas production units, as well as natural gas treatment and liquefaction facilities, and petrochemical and fertilizers processing plants. In addition, this signet is involved in the engineering studies and execution of production units in the fields of biofuels, geothermal, concentration solar power, and offshore wind farms; and provision of engineering and construction services to mining and metal projects. Further, it designs, manufactures, and installs fixed and floating platforms for producing and processing oil and gas reserves located offshore. Technip SA was founded in 1958 and is headquartered in Paris, France.

31,747 Employees
Last Reported Date: 03/12/15
Founded in 1958

technip sa (TEC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: €1.8M
Compensation as of Fiscal Year 2014.

technip sa (TEC) Key Developments

FMC Technologies Inc. and Technip Signs 50/50 Joint Venture to Form an Exclusive Alliance and to Launch Forsys Subsea

FMC Technologies Inc. and Technip signed an agreement to form an exclusive alliance and to launch Forsys Subsea, a 50/50 joint venture that will unite the skills and capabilities of two subsea industry leaders. This alliance will redefine the way subsea fields are designed, delivered and maintained. Bringing the industry's most talented subsea professionals together early in the project concept phase, Forsys Subsea will have the technical capabilities, products and systems to significantly reduce the cost of subsea field development and provide the technology to maximize well performance over the life of the field. By combining the technologies of the parent companies, Forsys Subsea will reduce the interfaces of the subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS). It will also simplify the seabed layout, reducing complexity, accelerating time to first oil, and maximizing sustainable peak production. This unique combination will drive a new, step-change approach to how equipment designs and installation methods converge in a new generation of subsea architecture. Gathering the expertise and experience of its parent companies, Forsys Subsea will focus on: Early involvement in the concept selection phase of front-end engineering and design, when ability to influence cost is greatest. Integrated life-of-field well surveillance, monitoring, data interpretation and advisory services. Joint R&D to drive technological innovations that will boost efficiency and further reduce development costs. In addition, the alliance will be uniquely positioned to deliver and install a seamless subsea infrastructure from seabed to topside by eliminating interfaces and by integrating SPS with SURF, attaining the high reliability and uptime and the lowest total ownership cost available in the industry. After closing and upon launch of the joint venture, Forsys Subsea will have a workforce of 320 people and will be supported by the 58,000 employees of FMC Technologies and Technip. The company will be headquartered in London, with regional hubs in Oslo, Houston, Paris, Rio de Janeiro and Singapore. FMC Technologies and Technip will have 50/50 ownership of Forsys Subsea. The transaction is subject to regulatory approvals and other customary closing conditions.

Technip SA, FMC Technologies, Inc. - Special Call

To discuss exclusive alliance to launch Forsys Subsea

Technip S.A. Signs Contract with Tupi for Development of Lula Alto Field in Brazil

Technip S.A. has signed a contract with Tupi BV for the ongoing development of the Lula Alto field, in the Santos Basin pre-salt area, Brazil. This contract covers the supply of around 200 kilometers of flexible pipes and associated equipment, including gas lift, gas and water injection, gas export and production lines. These high technological flexible pipes are designed to meet pre-salt challenges with water depths of up to 2,500 meters and high pressures. Technip's operating center in Rio de Janeiro, Brazil, will perform the project management and engineering. The flexible pipes will be produced at Technip's manufacturing sites of Vitoria and Acu, Brazil. Delivery is scheduled to start in the second half of 2015.

 

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Industry Analysis

TEC

Industry Average

Valuation TEC Industry Range
Price/Earnings 14.3x
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow 13.0x
TEV/Sales 0.0x
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