Last €51.43 EUR
Change Today +0.46 / 0.90%
Volume 842.2K
TEC On Other Exchanges
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As of 11:35 AM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

technip sa (TEC) Snapshot

Open
€51.71
Previous Close
€50.97
Day High
€51.74
Day Low
€50.21
52 Week High
04/24/14 - €83.47
52 Week Low
01/13/15 - €44.91
Market Cap
5.9B
Average Volume 10 Days
1.2M
EPS TTM
€4.22
Shares Outstanding
113.9M
EX-Date
05/2/14
P/E TM
12.2x
Dividend
€1.85
Dividend Yield
3.60%
Current Stock Chart for TECHNIP SA (TEC)

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technip sa (TEC) Details

Technip SA provides project management, engineering, and construction services to the energy industry worldwide. It operates in two segments, Subsea and Offshore/Onshore. The Subsea segment offers integrated 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 rigid and flexible subsea pipelines, as well as umbilicals. The Offshore/Onshore segment designs and builds various facilities for the development of onshore oil and gas fields, as well as renovates existing facilities by modernizing production equipment and control systems; pipeline systems for natural gas, crude oil, oil products, water, and liquid sulfur; natural gas treatment and liquefaction facilities; complex and single refinery units; hydrogen and synthesis gas production units; sulfur recovery units and storage units; ethylene production plants; and petrochemical and fertilizers processing plants. It is also engaged 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. In addition, this segment designs, manufactures, and installs fixed and floating platforms for drilling, producing, and processing oil and gas reserves located offshore shallow waters, and deep and ultra-deep water fields. Technip SA operates in approximately 48 countries on 5 continents. It has a strategic agreement with Inocean to develop offshore loater engineering services for the Norwegian continental shelf and other offshore markets. The company was founded in 1958 and is headquartered in Paris, France.

40,000 Employees
Last Reported Date: 10/30/14
Founded in 1958

technip sa (TEC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: €1.8M
Compensation as of Fiscal Year 2013.

technip sa (TEC) Key Developments

Technip Receives €100 Million Onshore Oil & Gas Terminal Project Contract

Technip has been awarded an approximately €100 million contract by Oil and Natural Gas Corporation Limited (ONGC) to build a 6 MMSCMD onshore terminal at Odalarevu in Andhra Pradesh, India, as part of the Integrated Development of Vashishta (VA) & S1 fields. These VA & S1 fields are located 30-35 km off the Amalapuram coast in the KG Basin, off the East Coast of India, at water depths of 250 to 700 meters. The Onshore Terminal awarded to Technip is one of the critical components of the Integrated Development of VA & S1 fields. Technip's scope of work for this EPCC contract includes basic design, detailed engineering, procurement, fabrication, inspection and testing, installation, pre-commissioning and commissioning of the new onshore terminal facilities which will be integrated to the existing terminal. The hydrocarbons extracted from VA and S1 deep water offshore fields will be transported to the proposed onshore oil and gas terminal for processing. The facility consists of a slug catcher for well fluid separation, gas compressors, high integrity pressure protection system (HIPPS), glycol dehydration, dew point control, mono ethylene glycol regeneration and gas metering system. It also includes utilities and off-sites such as air compression, nitrogen generation, flare system, storage tanks and diesel generators. Technip's operating center in Delhi, India, will manage and execute the project, which is scheduled to be completed in the second half of 2016.

Technip May Seek Acquisitions

Technip SA (ENXTPA:TEC) said in a statement on December 14, 2014, that it doesn’t intend to make an offer for CGG (ENXTPA:CGG). The end of talks with CGG won’t deter Technip from expanding into seismic surveying of oil and natural gas reservoirs, either through internal growth, acquisitions or alliances, Technip Chief Executive Officer Thierry Pilenko said.

Technip SA - Special Call

To discuss on making an offer on CGG and sought to engage in a constructive dialogue with CGG to review the project

 

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Industry Analysis

TEC

Industry Average

Valuation TEC Industry Range
Price/Earnings 11.2x
Price/Sales 0.5x
Price/Book 1.2x
Price/Cash Flow 10.6x
TEV/Sales NM Not Meaningful
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