Stock Revamps on Eco Changes: TechnipFMC plc (NYSE:FTI), Oracle Corporation (NYSE:ORCL)

TechnipFMC plc (NYSE:FTI) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 1.50% to close at $31.86 with the total traded volume of 5.57 Million shares. TechnipFMC (FTI) has been awarded a contract by ENI Ghana E&P Limited, for the onshore part of the OCTP(2) development of the Sankofa field, offshore Ghana. Under this contract, TechnipFMC will perform the project management, engineering, supply, construction and commissioning (EPC) for the Onshore Receiving Facilities (ORF) located in Sanzule, which form part of the Gas to Power Plan.

The contract will be mainly executed by the teams of TechnipFMC in Ghana. The project is slated for completion by mid-2018.NelloUccelletti, President of TechnipFMC’s Onshore/Offshore business, commented: “We are proud to have been awarded this new contract, which rewards TechnipFMC’s long term commitment in Africa and plays a strategic role in the Gas to Power program in Ghana. This success also results from TechnipFMC’s sustainable development work in Ghana, in particular our permanent Engineering Center located in Accra.” Its price to sales ratio ended at 1.70. FTI attains analyst recommendation of 2.60 with week’s performance of 1.56%.

Oracle Corporation (NYSE:ORCL) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -0.86% to $44.84. Oracle Financial Services Analytical Applications (OFSAA) has reported a collaboration with Numerix, provider of innovative capital markets technology, to develop and bring to market solutions that enable financial institutions to comply with the Fundamental Review of the Trading Book (FRTB). The offering implements complementary solutions from both Numerix and Oracle to effectively meet the regulatory and business challenges accompanying the new FRTB framework.

“By working with Numerix, we are able to offer the best of both worlds: a comprehensive solution that helps financial institutions meet the computational and business challenges in FRTB compliance,” explains AmbreeshKhanna, Group Vice President and General Manager for Oracle Financial Services. “To develop the highest quality solutions for our consumers, Oracle always seeks to work with the best and brightest.”

With the objective of improving the design and coherence of capital standards, the FRTB framework issued by the Bank for International Settlements has introduced fundamental changes in the capital calculation process. Banks are now required to make a important investment in models and technologies to comply with changes by the end of 2019. The share price of ORCL attracts active investors, as stock price of week volatility recorded 1.89%. The stock is going forward to its 52-week low with 19.66% and lagging behind from its 52-week high price with -4.58%.

 

About Gerard Bergeron

Gerard Bergeron covers Bio-pharmacy or healthcare sector Press Releases news updates. He has extensive three year of experience in content writing as freelance writer. He performs analysis of Healthcare Companies and provides worthy information for investor community. He is an experienced writer with a precise grasp of the English language and a clear, compelling writing style.

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