Technip Energies (OTCMKTS:THNPF) Trading Up 7.7% – Here’s What Happened

Technip Energies (OTCMKTS:THNPF)’s share price rose 7.7% on Thursday . The stock traded as high as $41.23 and last traded at $41.23. Approximately 300 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 360 shares. The stock had previously closed at $38.30.

Analyst Ratings Changes

Separately, UBS Group began coverage on Technip Energies in a research report on Tuesday, February 10th. They set a “neutral” rating for the company. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Technip Energies Stock Performance

The business’s 50 day moving average is $38.56 and its two-hundred day moving average is $42.81.

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.