Technip Energies (OTCMKTS:THNPF) Receives Average Recommendation of “Hold” from Analysts

Technip Energies (OTCMKTS:THNPF) has been assigned an average rating of “Hold” from the six analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Technip Energies to a “neutral” rating in a research note on Friday, May 1st. Citigroup restated a “neutral” rating on shares of Technip Energies in a research report on Monday, April 20th. Royal Bank Of Canada restated a “sector perform” rating on shares of Technip Energies in a research report on Friday, May 1st. Finally, Barclays upgraded shares of Technip Energies to an “overweight” rating in a research report on Monday, April 20th.

Technip Energies Stock Performance

Technip Energies stock opened at $40.15 on Friday. Technip Energies has a 1-year low of $36.38 and a 1-year high of $49.00. The firm has a 50 day simple moving average of $42.03 and a 200 day simple moving average of $40.47.

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.