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

Technip Energies (OTCMKTS:THNPF) has been given an average recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

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

Technip Energies Price Performance

Shares of THNPF stock opened at $40.15 on Friday. The company has a 50-day moving average of $42.32 and a two-hundred day moving average of $40.52. 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.