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

Shares of Technip Energies (OTCMKTS:THNPF) have received an average recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

THNPF has been the subject of several research reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Technip Energies in a research note on Friday, May 1st. The Goldman Sachs Group downgraded shares of Technip Energies to a “neutral” rating in a report on Friday, May 1st. Barclays upgraded shares of Technip Energies to an “overweight” rating in a research note on Monday, April 20th. Finally, Citigroup reissued a “neutral” rating on shares of Technip Energies in a research report on Monday, April 20th.

Technip Energies Stock Performance

Shares of OTCMKTS THNPF opened at $38.00 on Wednesday. The firm’s 50-day moving average price is $40.57 and its 200-day moving average price is $40.27. Technip Energies has a 1-year low of $36.38 and a 1-year high of $49.00.

Technip Energies Company Profile

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.