GTT Stock Plummets 12.5% Over a Month and Enters Oversold Territory
The French designer of LNG carrier tanks continues its correction in early afternoon trading, amidst a turbulent Parisian market. The stock is experiencing another session of decline ahead of the publication of its semi-annual accounts, expected early next week.
The Stock Dives Below Its Moving Averages and Plunges into Oversold Territory
GTT drops 2.57% to €178.50, marking a decline of 12.59% over a month and 7.18% over the week. The stock falls below its 200-day moving average (MM200) at €181.97, with a gap of 1.91% against the price, after already losing contact with the 50-day moving average (MM50) at €200.98 and the 20-day moving average (MM20) at €197.09. This breakdown occurs as the RSI drops to 28, entering a distinctly oversold zone, reflecting the intensity of the selling pressure in recent sessions. The decline intensifies in an SBF 120 that loses 0.82%, in an atmosphere weighed down by the relapse of Brent crude ($74.98, -9.8% in ten sessions) which puts all French oil-related stocks under pressure. The break of the support at €190.60 last Tuesday remains digested by the market, with no technical rebound in sight at this stage.
Semi-Annual Account Publication Expected in a Few Days After a Flurry of LNG Contracts
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The financial calendar marks the publication of the semi-annual results for 2026 on June 28, the next concrete milestone for the stock. The company approaches this deadline following an order from China Chengda Engineering for three 240,000 m³ terrestrial LNG storage tanks for the Yuedong LNG terminal, announced last week. This commercial momentum extends the record quarter in orders already mentioned in the April release. Over the past twelve months, the stock still maintains a gain of 8.25% despite the recent correction. In the short term, the €178.50 level now acts as a technical floor tested during the session, and the semi-annual publication on Sunday evening will provide the next quantitative framework for assessing the activity.
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.
