Viridien's Stock Soars 30% in Three Months, Boosted by Rising Oil Prices
Viridien ends the week on a high note with a share price of 122.40 euros, up 2.51% from the previous day. The geoscientific technology specialist for the oil and gas industry benefits from a tense sectoral context, marked by a surge in crude oil prices due to the crisis between the United States, Israel, and Iran. Over three months, the stock has shown a growth of more than 30%.
Unprecedented Closure of the Strait of Hormuz
The unprecedented closure of the Strait of Hormuz by the Iranian Revolutionary Guards is an unprecedented event, disrupting the transit of about 20 million barrels daily, nearly one-fifth of the global crude consumption. Brent crude jumped nearly 11% in five sessions to reach $78.01 on March 4th. In this context, Viridien, whose business relies on seismic imaging and technological services for hydrocarbon exploration, sees its stock supported by the prospect of intensified prospecting efforts in non-risk areas. The ongoing crisis in the Middle East underscores the need for oil companies to diversify their supply sources, which could boost demand for geophysical studies. The stock has gained 1.66% over the week and shows an annual performance of 96.41%, illustrating the group's gradual revaluation over the past year.
Technical Analysis of Viridien's Stock
Graphically, Viridien's stock price is above its 50-day moving average, located at 117.24 euros, indicating a medium-term bullish momentum. However, the stock remains below its technical resistance at 128.60 euros, a threshold whose crossing would confirm the ongoing buying momentum. The RSI, at 45, signals a neutral situation, without excess either in overbought or oversold zones, leaving room for progress in both directions. Furthermore, the company's financial calendar includes the publication of the first quarter 2026 results on May 5th, followed by the annual general meeting scheduled for June 3rd. These events will provide greater visibility on the current energy situation's impact on the company's order book and operational margins.
