GTT Stock Breaks Its Support at €190.60 and Falls by 2.78% During the Session
The French designer of LNG carrier tanks loses ground in early afternoon trading, in an otherwise positive Parisian market. The stock breaks through a closely watched technical threshold as oil continues its decline following easing tensions around the Strait of Hormuz. The publication of the semi-annual accounts is imminent.
The Stock Breaks the €190.60 Support and Slips Below Its Short-Term Moving Averages
GTT's stock falls by 2.78% to €185.30, while the SBF 120 index is up by 0.25% during the session. The stock breaks its support at €190.60, which it had been defending for several sessions, and intensifies a decline that began earlier in the week with a weekly loss of nearly 7%. The price is now below its MM20 (€198.61, a gap of -6.70%) and MM50 (€201.63, a gap of -8.10%), with the MM200 at €181.66 acting as the next support level in close proximity.
The RSI at 35 indicates recent selling exhaustion, without yet entering an oversold zone. The oil context weighs in, with Brent down 1.17% at $76.99, falling 8.7% since June 14, as maritime traffic around Hormuz resumes.
Semi-Annual Results of June 28 Awaited After a Series of LNG Contracts
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GTT will publish its semi-annual results for 2026 on June 28, the next concrete milestone for the stock. The company has announced several commercial deals in recent weeks, including a Chinese order last week for three onshore LNG tanks of 240,000 m³ each, considered the largest in the world equipped with its GST technology. The designer's order book reflects a structural dynamic in the development of LNG, but the stock remains correlated to oil price fluctuations that dictate the investment schedule of shipowners and energy companies.
Over three months, the stock has lost 7.21%, though it still holds a gain of 10.23% over one year. The MM200 at €181.66, only 2% away from the current price, will be the next technical marker watched before the semi-annual publication.
SectorÉnergie›Services et équipements parapétroliers
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 570,1 millions d'euros
Quarterly revenue: 570,1 millions d'euros
Revenue growth: -4,9 %
Guidance from the release
the Group confirms its objectives for 2026 despite an uncertain geopolitical context
Risks mentioned
Ongoing conflict in the Middle East causing disruptions to energy and maritime transportation markets with uncertainties related to Strait of Hormuz navigation
Lower number of LNG carriers under construction linked to low order intake in first nine months of 2025 impacting revenues
Trend of earlier ship delivery dates reversing with dates realigning to contractual milestones, representing less than 2% of nine months revenue shift
Opportunities identified
Significant number of Final Investment Decisions taken for new liquefaction capacities providing high visibility for several years
Strong order momentum with 80 orders received (71 for LNG carriers) and orderbook of 299 units valued at 1.8 billion euros
GTT Energy's new services offering (LNG Performance Centre) with Cargo Insights module presenting major milestone for digital solutions development
Outlook / guidance
Expected revenue: 760 millions d'euros
Expected EBITDA: 510 millions d'euros
Management commentary: GTT recalls its targets for the 2026 fiscal year, namely: 2026 consolidated revenues between 740 and 780 million euros, Consolidated EBITDA for 2026 between 490 and 530 million euros
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
