Technip Energies (OTCMKTS:THNPF) Receives Consensus Rating of “Hold” from Brokerages

Shares of Technip Energies (OTCMKTS:THNPF) have been assigned an average rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Several equities research analysts recently weighed in on THNPF shares. UBS Group started coverage on Technip Energies in a report on Tuesday, February 10th. They set a “neutral” rating on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Technip Energies in a report on Friday, May 1st. The Goldman Sachs Group lowered Technip Energies to a “neutral” rating in a research report on Friday, May 1st. Citigroup reissued a “neutral” rating on shares of Technip Energies in a research report on Monday, April 20th. Finally, Barclays raised Technip Energies to an “overweight” rating in a research report on Monday, April 20th.

Technip Energies Stock Performance

Shares of THNPF opened at $47.00 on Friday. Technip Energies has a 52-week low of $34.17 and a 52-week high of $49.00. The business’s fifty day moving average is $41.87 and its 200-day moving average is $40.62.

Technip Energies Company Profile

Technip Energies is a global engineering and technology company specializing in the energy sector. Established as an independent entity in January 2021 through the spin-off of TechnipFMC’s engineering and construction activities, the company builds on a legacy that dates back to Technip’s founding in 1958. Headquartered in Paris, France, Technip Energies provides a broad range of services to oil and gas, liquefied natural gas (LNG) and low-carbon energy clients worldwide.

The company’s core offerings include engineering, procurement and construction (EPC) services as well as proprietary technology licensing.