Technip Energies (OTCMKTS:THNPY) Releases Earnings Results, Misses Estimates By $0.05 EPS

Technip Energies (OTCMKTS:THNPY) issued its earnings results on Thursday. The company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.05), Zacks reports. Technip Energies had a return on equity of 12.11% and a net margin of 3.67%.

Technip Energies Stock Up 5.2%

Technip Energies stock traded up $1.87 during mid-day trading on Thursday, reaching $38.03. 10,917 shares of the company were exchanged, compared to its average volume of 8,130. The firm’s 50-day simple moving average is $34.01 and its two-hundred day simple moving average is $38.68. Technip Energies has a twelve month low of $30.41 and a twelve month high of $48.27. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67.

Wall Street Analysts Forecast Growth

THNPY has been the topic of a number of analyst reports. Zacks Research upgraded Technip Energies from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Royal Bank Of Canada upgraded Technip Energies from a “hold” rating to a “moderate buy” rating in a report on Thursday, September 10th. Finally, UBS Group raised Technip Energies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Technip Energies

Technip Energies N.V. is an engineering and technology company that delivers projects and services for the energy industry. Its activities include project development, engineering, procurement, construction management, technology licensing and consulting for large-scale energy infrastructure.

The company has particular expertise in liquefied natural gas (LNG), including LNG production facilities, floating LNG solutions and related infrastructure. It also works on hydrogen, sustainable chemistry, carbon management and other lower-carbon energy technologies, as well as refining and petrochemical projects.

Technip Energies was established in 2021 following the separation of TechnipFMC’s onshore engineering and technology business.