Technip Energies (OTCMKTS:THNPY – Get Free Report) shares gapped up before the market opened on Thursday. The stock had previously closed at $35.3950, but opened at $39.3550. Technip Energies shares last traded at $39.32, with a volume of 792 shares.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on THNPY. UBS Group raised shares of Technip Energies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Royal Bank Of Canada raised shares of Technip Energies from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 10th. Finally, Zacks Research raised shares of Technip Energies from a “strong sell” rating to a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.
Check Out Our Latest Stock Report on Technip Energies
Technip Energies Trading Up 7.7%
The company has a 50 day simple moving average of $34.01 and a 200-day simple moving average of $38.68. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.67.
Technip Energies (OTCMKTS:THNPY – Get Free Report) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.05). Technip Energies had a return on equity of 12.11% and a net margin of 3.67%. Equities analysts predict that Technip Energies will post 1.94 earnings per share for the current year.
Technip Energies Company Profile
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.
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