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

Technip Energies (OTCMKTS:THNPY) posted its quarterly earnings results on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05), Zacks reports. Technip Energies had a return on equity of 12.11% and a net margin of 3.67%.

Technip Energies Trading Up 5.8%

Shares of Technip Energies stock traded up $2.10 during trading on Thursday, hitting $38.26. 11,036 shares of the company were exchanged, compared to its average volume of 8,142. Technip Energies has a fifty-two week low of $30.41 and a fifty-two week high of $48.27. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. The firm has a 50 day moving average price of $34.01 and a 200 day moving average price of $38.68.

Analysts Set New Price Targets

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

About Technip Energies

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.