Technip Energies (OTCMKTS:THNPF) shares fell 2.7% during mid-day trading on Wednesday . The stock traded as low as $15.58 and last traded at $15.58. 1,415 shares were traded during mid-day trading, a decline of 88% from the average session volume of 11,723 shares. The stock had previously closed at $16.01.
Several research firms recently issued reports on THNPF. Societe Generale began coverage on shares of Technip Energies in a research note on Monday, March 8th. They issued a “buy” rating for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of Technip Energies in a research note on Thursday, March 18th. They issued a “buy” rating for the company. Morgan Stanley began coverage on shares of Technip Energies in a research note on Monday, March 1st. They issued an “overweight” rating for the company. BNP Paribas began coverage on shares of Technip Energies in a research report on Tuesday, March 2nd. They set a “neutral” rating for the company. Finally, Barclays upped their price objective on shares of Technip Energies from $12.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 27th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.00.
The firm has a fifty day simple moving average of $14.64.
Technip Energies B.V. operates as an engineering & technology company for the energy transition in Europe, Russia, the Asia Pacific, Africa, the Middle East, and the Americas. It focuses on the study, engineering, procurement, construction, and project management of various onshore and offshore facilities related to gas monetization, refining, and chemical processing from biofuels and hydrocarbons.
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