Technip Energies (OTCMKTS:THNPF) Given Consensus Recommendation of “Hold” by Analysts

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

THNPF has been the topic of a number of recent analyst reports. UBS Group initiated coverage on Technip Energies in a report on Tuesday, February 10th. They set a “neutral” rating on the stock. The Goldman Sachs Group cut Technip Energies to a “neutral” rating in a research note on Friday, May 1st. Royal Bank Of Canada restated a “sector perform” rating on shares of Technip Energies in a research report on Friday, May 1st. Barclays upgraded shares of Technip Energies to an “overweight” rating in a report on Monday, April 20th. Finally, Citigroup reissued a “neutral” rating on shares of Technip Energies in a research report on Monday, April 20th.

Technip Energies Price Performance

THNPF stock opened at $40.96 on Tuesday. The business has a 50 day moving average of $42.43 and a 200-day moving average of $40.69. Technip Energies has a 12-month low of $36.38 and a 12-month high of $49.00.

About Technip Energies

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.