Technip Energies (OTCMKTS:THNPF)’s share price dropped 2.7% during trading on Wednesday . The company traded as low as $15.58 and last traded at $15.58. Approximately 1,415 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 11,723 shares. The stock had previously closed at $16.01.
THNPF has been the subject of a number of recent analyst reports. Kepler Capital Markets initiated coverage on Technip Energies in a report on Friday, March 5th. They issued a “buy” rating for the company. Morgan Stanley initiated coverage on Technip Energies in a report on Monday, March 1st. They issued an “overweight” rating for the company. JPMorgan Chase & Co. initiated coverage on Technip Energies in a report on Monday, March 1st. They issued an “overweight” rating for the company. Societe Generale assumed coverage on Technip Energies in a report on Monday, March 8th. They issued a “buy” rating for the company. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on Technip Energies in a research note on Thursday, March 18th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $17.00.
The company has a 50 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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