Technip Energies (OTCMKTS:THNPF) Given Consensus Rating of “Hold” by Brokerages

Technip Energies (OTCMKTS:THNPF) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

A number of research firms have recently commented on THNPF. The Goldman Sachs Group lowered shares of Technip Energies to a “neutral” rating in a research note on Friday, May 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Technip Energies in a research note on Friday, May 1st. Citigroup reaffirmed a “neutral” rating on shares of Technip Energies in a research note on Monday, April 20th. Barclays raised shares of Technip Energies to an “overweight” rating in a research note on Monday, April 20th. Finally, UBS Group began coverage on shares of Technip Energies in a research note on Tuesday, February 10th. They issued a “neutral” rating on the stock.

Technip Energies Stock Down 1.4%

OTCMKTS:THNPF opened at $40.38 on Tuesday. The firm’s fifty day moving average is $42.72 and its 200-day moving average is $40.66. Technip Energies has a 52 week low of $36.38 and a 52 week 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.