Technip Energies (OTCMKTS:THNPF) Receives Average Recommendation of “Hold” from Brokerages

Technip Energies (OTCMKTS:THNPF) has earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.

Several equities research analysts have weighed in on THNPF shares. UBS Group started coverage on Technip Energies in a report on Tuesday, February 10th. They set a “neutral” rating on the stock. The Goldman Sachs Group downgraded Technip Energies to a “neutral” rating in a report on Friday, May 1st. Barclays upgraded Technip Energies to an “overweight” rating in a report on Monday, April 20th. Royal Bank Of Canada restated a “sector perform” rating on shares of Technip Energies in a report on Friday, May 1st. Finally, Citigroup restated a “neutral” rating on shares of Technip Energies in a report on Monday, April 20th.

Technip Energies Stock Performance

Shares of OTCMKTS THNPF opened at $40.96 on Tuesday. The stock’s 50-day moving average is $42.67 and its two-hundred day moving average is $40.68. 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.