Technip Energies (OTCMKTS:THNPY) Issues Earnings Results

Technip Energies (OTCMKTS:THNPY) released 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. The firm had revenue of $2.17 billion for the quarter, compared to the consensus estimate of $2.33 billion. Technip Energies had a return on equity of 12.18% and a net margin of 3.58%.

Technip Energies Stock Down 3.7%

Shares of THNPY traded down $1.43 during trading hours on Friday, hitting $36.72. The stock had a trading volume of 14,467 shares, compared to its average volume of 6,178. The company’s fifty day moving average is $34.10 and its two-hundred day moving average is $38.66. 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 has a 52 week low of $30.41 and a 52 week high of $48.27.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on THNPY. Zacks Research upgraded shares of Technip Energies from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. UBS Group raised shares of Technip Energies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 14th. Finally, Royal Bank Of Canada raised Technip Energies from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Technip Energies currently has an average 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.