Technip Energies (OTCMKTS:THNPY) Shares Down 1.8% – What’s Next?

Technip Energies (OTCMKTS:THNPY) dropped 1.8% during trading on Friday . The stock traded as low as $33.17 and last traded at $33.34. 3,132 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 5,215 shares. The stock had previously closed at $33.9560.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on THNPY. Zacks Research cut Technip Energies from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. Royal Bank Of Canada raised Technip Energies from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Technip Energies Trading Down 1.8%

The stock’s 50 day moving average is $35.69 and its 200 day moving average is $39.64.

About Technip Energies

Technip Energies N.V. is a global engineering and technology company formed in 2021 through the spin-off of the engineering and construction arm of TechnipFMC. Headquartered in Paris, France, the company specializes in delivering large-scale projects for the energy sector, with a particular emphasis on the transition to low-carbon solutions. Technip Energies combines deep technical expertise with integrated project management to support clients across the hydrocarbon value chain and emerging energy markets.

The company’s core offerings include front-end engineering design (FEED), detailed engineering, procurement and construction (EPC), and project management.