Technip Energies (OTCMKTS:THNPF) Shares Up 7.7% – Should You Buy?

Technip Energies (OTCMKTS:THNPF) shares were up 7.7% during mid-day trading on Thursday . The stock traded as high as $41.23 and last traded at $41.23. Approximately 300 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 360 shares. The stock had previously closed at $38.30.

Analyst Ratings Changes

Separately, UBS Group started coverage on shares of Technip Energies in a research report on Tuesday, February 10th. They set a “neutral” rating for the company. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold”.

Technip Energies Stock Performance

The business has a 50 day moving average of $38.56 and a two-hundred day moving average of $42.81.

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.