Maurel et Prom share rebounds 2.5%, leading the SBF 120 pack

A rebound that fails to break back above key moving averages

At €7.91, Maurel et Prom gains 2.66% during the session, ranking among the strongest gains in the SBF 120. The rebound is notable after a difficult week: the stock still loses nearly 8.6% over seven days, which illustrates the extent of the recent correction that only today's movement partly alleviates. The technical configuration remains complicated. The price is trading below its three moving averages: the 200-day MA at €7.95 (gap of 0.50%), the 50-day MA at €8.02, and the 20-day MA at €8.11.

In other words, today's rebound has not yet allowed it to reconnect with these trend references. The RSI at 39, while not reaching the outright oversold zone, reflects the accumulated downward pressure over recent weeks, with the share showing a decline of 13.74% over three months. Support at €7.71 remains close, and the next resistance at €8.65 represents an approximate gap of 9% from the current price.

The Gran Tierra acquisition in the background, contained valuation according to consensus

The fundamental context remains marked by the acquisition of Gran Tierra assets, announced in early August, for $1.33 billion. The transaction covers the group's assets in Colombia and Ecuador and relies on the transfer of the target's existing debt to limit immediate cash outflow. This acquisition has since been integrated by the market, which has significantly corrected the share since the announcement.

From a valuation perspective, according to the consensus of surveyed analysts, the share is trading at approximately 6.8 times expected earnings for the current fiscal year, a modest multiple that reflects both the size of the group and uncertainties related to the integration of Gran Tierra. The reading of analyst consensus on the share will remain a useful reference to assess the evolution of expectations as the transaction progresses toward closing.