Technip Energies (OTCMKTS:THNPY) Posts Earnings Results, Misses Expectations By $0.05 EPS

Technip Energies (OTCMKTS:THNPY) announced its earnings results on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.05), Zacks reports. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Technip Energies had a net margin of 3.67% and a return on equity of 12.11%.

Technip Energies Stock Performance

Technip Energies stock remained flat at $38.15 on Friday. The company’s stock had a trading volume of 11,534 shares, compared to its average volume of 6,026. Technip Energies has a fifty-two week low of $30.41 and a fifty-two week high of $48.27. The firm has a 50-day moving average of $34.07 and a two-hundred day moving average of $38.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67.

Analyst Ratings Changes

A number of brokerages recently commented on THNPY. Royal Bank Of Canada raised Technip Energies from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 10th. Zacks Research raised Technip Energies from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, UBS Group upgraded shares of Technip Energies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Technip Energies has a consensus rating of “Buy”.

Technip Energies Company Profile

Technip Energies N.V. is an engineering and technology company that delivers projects and services for the energy industry. Its activities include project development, engineering, procurement, construction management, technology licensing and consulting for large-scale energy infrastructure.

The company has particular expertise in liquefied natural gas (LNG), including LNG production facilities, floating LNG solutions and related infrastructure. It also works on hydrogen, sustainable chemistry, carbon management and other lower-carbon energy technologies, as well as refining and petrochemical projects.

Technip Energies was established in 2021 following the separation of TechnipFMC’s onshore engineering and technology business.