Technip Energies (OTCMKTS:THNPY) Shares Gap Up - What's Next?

Key Points

• Technip Energies shares jumped sharply, opening at $39.355 versus a prior close of $35.395, while trading volume remained light at 792 shares.
• Analyst sentiment improved, with UBS upgrading the stock to “strong buy” and Royal Bank of Canada to “moderate buy.” MarketBeat reports an overall average rating of “Buy.”
• The company reported quarterly EPS of $0.58, below the $0.63 consensus estimate. Technip Energies has a 3.67% net margin and 12.11% return on equity, with analysts expecting $1.94 EPS for the current fiscal year.

Technip Energies (OTCMKTS:THNPY - Get Free Report) shares gapped up prior to trading 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 changing hands.

Analyst Ratings Changes

THNPY has been the subject of several research analyst reports. UBS Group raised Technip Energies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 14th. Royal Bank Of Canada upgraded 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 note on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy".

Technip Energies Price Performance

The company has a 50-day moving average of $34.01 and a 200-day moving average of $38.68. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67.

Technip Energies (OTCMKTS:THNPY - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.05). Technip Energies had a net margin of 3.67% and a return on equity of 12.11%. Analysts expect that Technip Energies will post 1.94 earnings per share for the current fiscal 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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