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Stocks in Focus: FMC Technologies Inc. (NYSE:FTI), Kinder Morgan …

FMC Technologies, Inc. (NYSE:FTI) [Trend Analysis][1][2] has 229.47 million outstanding shares with market capitalization of 7.82 Billion. FMC Technologies, Inc. (FTI[3]) reported third quarter 2015 revenue of $1.5 billion, down 22 percent from the prior-year quarter primarily due to the continued decline in the North American land market that severely impacts our Surface Technologies segment and the negative impact of the strengthening U.S. dollar in our Subsea Technologies segment. Diluted earnings per share were $0.35, which includes pre-tax impairment charges of $60.2 million, or $0.20 per diluted share, and total Company pre-tax business restructuring charges of $17.9 million, or $0.06 per diluted share. Total inbound orders were $1.5 billion, including $1.0 billion in Subsea Technologies orders. Backlog for the Company was $5.0 billion, including Subsea Technologies backlog of $4.3 billion.

FMC Technologies Inc. (NYSE:FTI[4]) is currently trading at $34.07. FMC Technologies, Inc. is a provider of technology solutions for the energy industry. The Company s segments include Subsea Technologies, Surface Technologies and Energy Infrastructure. Subsea Technologies designs and manufactures products and systems and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. Surface Technologies designs and manufactures systems and provides services used by oil and gas companies involved in land and offshore exploration and production of crude oil and gas; designs, manufactures and supplies high pressure valves and fittings for oilfield service companies, and also provides flowback and wireline services for exploration companies. Energy Infrastructure manufactures and supplies liquid and gas measurement and transportation equipment and systems for the production, transportation and processing of crude oil, natural gas and petroleum-based refined products and the mining industry.

Kinder Morgan, Inc. (NYSE:KMI) [Trend Analysis][5][6] stock finished trading at $31.93 in last trading day with market capitalization of 69.99 Billion. Kinder Morgan finalizes agreements with BP (BP) to acquire 15 refined products terminals and associated infrastructure in the US, in a transaction valued at $350 mln (KMI[7]). Kinder Morgan and BP (BP) will form a joint venture limited liability company terminal business to own 14 of the acquired assets, which Kinder Morgan will operate and market on the JV s behalf. One terminal will be owned solely by KMI. The terminals, with ~9.5 million barrels of storage, are pipeline-connected to refining and processing centers across the United States. Kinder Morgan Inc. (NYSE:KMI[8]) is currently trading at $31.92. Kinder Morgan, Inc. (KMI[9]) is an energy infrastructure and energy company in North America. The Company operates through six segments: Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada and Other. The Natural Gas Pipelines segment includes interstate and intrastate pipelines and its liquefied natural gas (LNG[10]) terminals. The CO2 business segment produces, transports, and markets CO2. The Terminals segment includes the operations of its petroleum, chemical, ethanol and other liquids terminal facilities and all of its coal, petroleum coke, fertilizer, steel, ores and other dry-bulk material services facilities. The Products Pipelines segment consists of refined petroleum products, crude oil and condensate, and NGL pipelines and associated terminals, Southeast terminals, and its transmix processing facilities. The Kinder Morgan Canada segment includes its 100% owned and operated Trans Mountain pipeline system and a 25-mile Jet Fuel pipeline system.

Norfolk Southern Corporation (NYSE:NSC) [Trend Analysis][11][12] after opening at $77.62 hit its intraday high price of $79.38 and finished at $78.84 with shares increased 1.38%. Norfolk Southern reports it will no longer accept shipments of poisonous-inhalation-hazard commodities, or allow commuter trains on its lines, effective Dec. 1, 2015 (NSC[13]). The firm said its rail operating subsidiaries will no longer accept shipments of Poisonous-Inhalation-Hazard commodities, effective Dec. 1, 2015. PIH commodities in transit on Dec. 1 will be delivered to destination by Dec. 31. Additionally, passenger and commuter trains operated by Amtrak, Virginia Railway Express, and Metra will be prohibited by law from operating on NS after Dec. 31. The cessation of service-effective across the entire NS rail network-is required to comply with federal safety laws that become effective after Dec. 31, the government s deadline for installation of PTC. Despite investment of nearly $1 billion to date, NS will not meet the deadline. Norfolk Southern Corporation (NYSE:NSC[14]) is currently trading at $78.84. Norfolk Southern Corporation is a holding company. The Company owns a freight railroad, Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest and through interchange with rail carriers, to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Company s system reaches various individual industries, electric generating facilities, mines, distribution centers, transload facilities and other businesses located in its service area. The Company s general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture, consumer products, and Government; automotive, and paper, clay and forest products.

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References

  1. ^ NYSE:FTI (club.ino.com)
  2. ^ [Trend Analysis] (club.ino.com)
  3. ^ FTI (club.ino.com)
  4. ^ NYSE:FTI (club.ino.com)
  5. ^ NYSE:KMI (club.ino.com)
  6. ^ [Trend Analysis] (club.ino.com)
  7. ^ KMI (club.ino.com)
  8. ^ NYSE:KMI (club.ino.com)
  9. ^ KMI (club.ino.com)
  10. ^ LNG (club.ino.com)
  11. ^ NYSE:NSC (club.ino.com)
  12. ^ [Trend Analysis] (club.ino.com)
  13. ^ NSC (club.ino.com)
  14. ^ NYSE:NSC (club.ino.com)
  15. ^ (www.citizendispatch.com)
  16. ^ (www.citizendispatch.com)
  17. ^ (www.citizendispatch.com)