Technip Energies Shares Drop 2.23% to €36.02 Despite Raised Target by Morgan Stanley
Technip Energies' stock fell 2.23% to €36.02 in mid-session trading on Monday, in a declining Paris market (CAC 40 -0.91%, SBF 120 -0.80%). The stock continues its negative trend following the quarterly report on April 30, with a weekly decline of 10.62%. Morgan Stanley issued a new price target today, without changing its recommendation.
Morgan Stanley Raises Target but Maintains Market-Weight Rating
Morgan Stanley has increased its price target on Technip Energies from €32.60 to €36.50, while maintaining its market-weight rating. The new target offers a limited upside potential of 1.3% compared to the current price. This adjustment follows a series of mixed reviews in early May: Goldman Sachs downgraded its recommendation while RBC raised its target. The stock has not recovered since the 8.43% drop on April 30, the day of the first quarter results announcement. The company has lost nearly 11% over the past week and remains under pressure despite a still positive performance of 16.04% over the past year. The next major financial event is the publication of the semi-annual results, scheduled for July 30, 2026.
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Today's movement coincides with a 1.84% drop in Brent during the session, and more than 10% over the last five sessions. Technip Energies, exposed to the oilfield services sector, is trading near its support level at €34.10. The stock has fallen below its three moving averages: the MM20 at €39.50 (a gap of -8.81%), the MM50 at €36.76, and the MM200 at €36.31. The RSI at 41 indicates a gradual weakening of the stock, which is also trading below the lower Bollinger band, a potential oversold signal. The publication of the semi-annual results on July 30 will be the next key event on the agenda for the stock.
SectorEnergie · Pétrole et gaz›équipements et services pétroliers
Context
Period
Period: 9M 2025
Guidance from the release
Technip Energies (T.EN) a réalisé une performance financière solide sur les neuf premiers mois de 2025.
Chiffre d’affaires +9 % (5 417,1 millions €), EBITDA récurrent +9 % (478,0 millions €), forte génération de trésorerie, acquisition AM&C annoncée, contrat majeur Commonwealth LNG remporté mais conditionné à la FID ; prévisions 2025 confirmées.
Risks mentioned
Dépendance à la décision finale d’investissement (FID) pour l’intégration de certains contrats majeurs (ex. Commonwealth LNG)
Impact des variations de change (effet de change négatif sur carnet de commandes : (797) millions d’euros)
Risques liés à l’autorisation réglementaire et à la finalisation de l’acquisition AM&C
Rééquilibrage du portefeuille projet entraînant une pression sur les marges (plus de projets en phase initiale)
Opportunities identified
Croissance du GNL et solutions modulaires (SnapLNG)
Décarbonation et carburants durables
Renforcement du segment TPS via l’acquisition AM&C (revenus récurrents supplémentaires)
Projets d’économie circulaire et de recyclage chimique (Plas-TCat, Ecoplanta)
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.
