Technip Energies (OTCMKTS:THNPF) Shares Up 3.7% – Here’s What Happened

Technip Energies (OTCMKTS:THNPF)’s share price shot up 3.7% during trading on Wednesday . The company traded as high as $37.7360 and last traded at $37.7360. 338 shares were traded during trading, a decline of 49% from the average session volume of 669 shares. The stock had previously closed at $36.38.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on THNPF. Royal Bank Of Canada restated a “sector perform” rating on shares of Technip Energies in a research note on Wednesday, October 1st. BNP Paribas Exane downgraded shares of Technip Energies to a “neutral” rating in a report on Friday, October 10th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Technip Energies presently has a consensus rating of “Hold”.

Technip Energies Stock Performance

The business has a 50-day moving average price of $39.68 and a 200 day moving average price of $43.18.

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.