Technip Energies (OTCMKTS:THNPF) Given Consensus Rating of “Hold” by Brokerages

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

Several research firms have commented on THNPF. The Goldman Sachs Group downgraded shares of Technip Energies to a “neutral” rating in a research note on Friday, May 1st. Barclays raised shares of Technip Energies to an “overweight” rating in a report on Monday, April 20th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Technip Energies in a research report on Friday, May 1st. Finally, Citigroup reissued a “neutral” rating on shares of Technip Energies in a research note on Monday, April 20th.

Technip Energies Price Performance

Shares of THNPF opened at $38.00 on Wednesday. The stock has a 50 day simple moving average of $40.37 and a two-hundred day simple moving average of $40.20. Technip Energies has a 1 year low of $36.38 and a 1 year 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.