GTT Shares Drop 2.2% to €204.80 Amid Long-Term Rate Pressure
The specialist in LNG containment technologies falls by 2.2% in mid-afternoon trading to €204.80, in an SBF 120 that is slightly up by 0.21%. The stock is among the largest declines in the index, as the surge in long-term rates weighs on multiple-sensitive values. The decline occurs just weeks before the general meeting on June 16.
Intraday Decline Brings Stock Back to Its 20-Day Moving Average
GTT's stock drops 2.2% to €204.80, after closing the previous session at €209.40. The stock is now touching its 20-day moving average (MM20) at €203.96, which serves as the first technical reference after the consolidation of recent weeks. The 50-day moving average (MM50) is just below at €202.38, 1.2% off the current price. The RSI at 58 remains in the neutral zone, and the stock is moving in the middle of the Bollinger Bands (54%), without any signs of technical stress. The one-month volatility stands at 6.8%, a moderate level. Over the past year, GTT has maintained a gain of 31.5%, and 13.5% over three months. The bond market context weighs on the session: the yield on the 10-year US Treasury has risen to 4.63%, its highest since February 2025, following the surge in energy prices linked to the war in Iran. This rate movement weakens growth stocks and industrial segments exposed to high multiples.
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Beyond today's movement, commercial activity remains robust. An order from Samsung Heavy Industries for a 170,000 m³ FSRU was announced on May 13, and the company also secured an order for five methane carriers from Hudong-Zhonghua in early May. During the announcement of its first quarter revenue on April 23, GTT reported 32 orders in the first three months (its second-best performance for a Q1) with revenue of €192.5 million, up by 1%. In terms of valuation, the stock is trading at about 18.1 times the earnings expected for the current fiscal year, compared to an average of 11.6 times for the Energy sector, with an expected EPS growth of 5.7% from one year to the next. The financial calendar now points to the general meeting on June 16, 2026, followed by the publication of the semi-annual results on June 28.
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.
