Last €66.10 EUR
Change Today +0.15 / 0.23%
Volume 44.3K
TEC On Other Exchanges
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As of 4:00 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

technip sa (TEC) Snapshot

Open
€66.40
Previous Close
€65.95
Day High
€66.43
Day Low
€66.03
52 Week High
09/20/13 - €92.49
52 Week Low
12/18/13 - €60.20
Market Cap
7.5B
Average Volume 10 Days
475.1K
EPS TTM
€4.36
Shares Outstanding
113.9M
EX-Date
05/2/14
P/E TM
15.2x
Dividend
€1.85
Dividend Yield
2.79%
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: 07/25/14
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 S.A. Wins Contract from Deep Gulf Energy II LLC to Develop Kodiak Field

Technip S.A. has won a contract from Deep Gulf Energy II LLC for the development of the Kodiak field in Mississippi Canyon Blocks 727 and 771, in the Gulf of Mexico, at water depths ranging from 1,472m to 1,710m. The project consists of a subsea tie-back to the Devils Tower Truss Spar located in Mississippi Canyon Block 773. To withstand Kodiak field's high temperature and pressure as well as extremely corrosive production fluids, the pipeline will be of a bi-metallic construction, lined with corrosion resistant alloy. This solution effectively addresses the challenges of increasingly demanding operating conditions. This contract covers: project management; fabrication and installation of more than 12 kilometers of reeled bi-metallic flowline and riser; installation of an 11-kilometer umbilical, associated terminations and flying leads; pre-commissioning and testing for the rigid line and crossings preparation along with pre-lay and post-lay survey. Technip's operating center in Houston, Texas, USA, will perform the overall project management. The infield flowline and riser will be welded at the Group's spoolbase in Mobile, Alabama, USA. The offshore installation is expected to be performed in the second half of 2015 by vessels from the Technip's fleet: the Deep Blue.

Technip wins Significant Contract for New Refinery Units in the Kingdom of Bahrain

Technip announced that it was awarded by The Bahrain Petroleum Company (BAPCO) a significant contract on a reimbursable basis to develop the Front-End Engineering Design (FEED) of the refinery located in the Kingdom of Bahrain. The FEED contract covers four main work packages that include units aimed at processing the "bottom of the barrel" components to high value products, and all associated offsites and utilities to provide seamless integration with existing refinery facilities earmarked for retention post this major modernization. The project aims at enhancing the refinery configuration, by increasing the throughput from 267,000 to 360,000 barrel per day as well as improving the product slate and profitability. Technip's operating center in Rome, Italy, in cooperation with Technip's operating center in Abu Dhabi, United Arab Emirates, will execute the contract, scheduled to be completed at the end of 2015.

Technip Wins Subsea Contract for the Kodiak Project in the Gulf of Mexico

Technip was awarded by Deep Gulf Energy II LLC a lump sum contract for the development of the Kodiak field, located in Mississippi Canyon Blocks 727 and 771, in the Gulf of Mexico, at water depths ranging from 1,472 meters to 1,710 meters. The project consists of a subsea tie-back to the Devils Tower Truss Spar located in Mississippi Canyon Block 773. To withstand Kodiak field's high temperature and pressure as well as extremely corrosive production fluids, the pipeline will be of a bi-metallic construction, lined with corrosion resistant alloy. This solution effectively addresses the challenges of increasingly demanding operating conditions. This contract covers: project management, fabrication and installation of more than 12 kilometers of reeled bi-metallic flowline and riser, installation of an 11-kilometer umbilical, associated terminations and flying leads, pre-commissioning and testing for the rigid line, crossings preparation along with pre-lay and post-lay survey.

 

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Industry Analysis

TEC

Industry Average

Valuation TEC Industry Range
Price/Earnings 15.1x
Price/Sales 0.6x
Price/Book 1.6x
Price/Cash Flow 13.7x
TEV/Sales 0.2x
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