Technip Energies (OTCMKTS:THNPF) Receives Consensus Rating of “Hold” from Brokerages

Technip Energies (OTCMKTS:THNPF) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

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

Technip Energies Price Performance

Shares of OTCMKTS THNPF opened at $40.15 on Wednesday. Technip Energies has a 1-year low of $36.38 and a 1-year high of $49.00. The business’s fifty day moving average price is $41.02 and its two-hundred day moving average price is $40.33.

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.