GTT Shares Fall 1.98% Despite a 42% Surge Over the Year
GTT shares fell by 1.98% this Wednesday afternoon, trading at 197.60 euros after closing at 201.60 euros the previous day. This decline occurs in a deteriorating European stock market environment, with the CAC 40 down 0.49% during the session. Despite this setback, the stock still shows a remarkable increase of over 20% over three months and nearly 42% over a year.
Today's decline brings the GTT stock back to an intermediate zone, after nearly reaching the resistance level of 201.60 euros the previous day. However, the price remains significantly above its 50-day (178.51 euros) and 200-day (167.55 euros) moving averages, confirming a well-established medium and long-term upward trend. The RSI, at 74, remains in the overbought zone, indicating a particularly strong recent momentum but also signaling a potential short-term consolidation risk. The major support identified at 176.90 euros provides a significant margin relative to the current level.
The specialist in containment technologies for the transport and storage of liquefied natural gas (LNG) has a beta of 0.15, indicating a very limited correlation with general market movements. The next meeting with investors is scheduled for April 22, the date of the publication of the first quarter 2026 revenue, followed by the general meeting planned for June 16.
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Today's session takes place in a context of high nervousness on the energy markets. After a historic surge in oil prices at the beginning of the week — with Brent crude briefly reaching near 120 dollars on Monday before falling more than 11% on Tuesday — prices stabilized around 91 dollars this Wednesday. This unprecedented volatility, linked to the escalation of the conflict in the Middle East, keeps a generalized pressure on European indices. The DAX is down 0.94% and the FTSE 100 loses 0.81% during the session.
For GTT, whose business is closely linked to the LNG industry, these oil market turbulences represent a double-edged sword. On one hand, geopolitical tensions structurally strengthen the global demand for LNG transport and storage capacities, as importing countries seek to diversify their supply sources. On the other hand, the instability of the energy markets weighs on the entire listed sector, as reflected by the stock's decline this Wednesday. Christine Lagarde's statement, assuring that the ECB would do what is necessary to contain inflation in the face of soaring energy prices, adds a monetary policy dimension to the equation, with a decision expected on March 19.
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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.