GTT Stock Surges Nearly 4% Defying a Plummeting CAC 40
The French designer of LNG carrier tanks stands out in a heavily shaken Parisian market. The stock benefits from both a new contract in China and the surge in Brent crude, amid a severely deteriorated geopolitical climate in the Middle East.
A Notable Rebound Driven by a New Chinese Contract and Brent Surge
GTT gains 3.85% to €194.20 in late afternoon trading, while the CAC 40 is down 2% and the SBF 120 falls by 1.83%. The stock is among the top gainers in the SBF 120, going against the trend in a market weighed down by the new military escalation between Washington and Tehran. The movement is based on an order announced on July 7 by the Chinese shipyard Jiangnan, involving the design of tanks for four LNG carriers of 175,000 m³ equipped with the Mark III Flex system, intended for COSCO Shipping Energy. In parallel, Brent crude soars by 5.7% to $76.09 a barrel, following US strikes claimed against Iran and the Iranian counterstrike announced on military installations in Kuwait and Bahrain. This surge in crude mechanically pulls up French oil and oil-related stocks, like Maurel and Prom (+6.17%) and Vallourec (+3.97%), which occupy the top two spots in the SBF 120.
The Stock Moves Above its 20-Day Moving Average but Remains Below a Key Resistance at €203.60
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Technically, the rebound brings the price back above the 20-day moving average (€191.66), with a margin of 1.33%, while still leaving the stock below its 50-day moving average at €199.08 (-2.45%). The 200-day moving average at €183.21 remains well oriented below the prices, with a cushion of 6%. The RSI at 40 is gradually exiting the oversold zone that accompanied the June correction, when the stock successively broke several supports down to €183.20. The resistance at €203.60 represents the next graphical hurdle, while the 50-day moving average remains the first threshold to reclaim. The VIX jumps by 11.53% to 17.99, indicating renewed nervousness across the markets. Over a year, the stock still shows a gain of 18.7%, despite a decline of 4.52% over the past month. GTT's order book is rapidly expanding into 2026, with several successive announcements in LNG carriers and LNG land storage, as the price of liquefied natural gas remains supported by geopolitical tensions.
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.
