Maurel et Prom shares among the sharpest declines on the SBF 120, support level in view
The independent hydrocarbon producer active in Gabon, Angola, Tanzania and Latin America is declining significantly this Tuesday, in a Paris market that is nonetheless holding up. The stock finds itself at the bottom of the SBF 120 ranking, while its three moving averages continue to weigh on its trajectory.
A decline that pushes the stock below its three moving averages and brings support closer to 7.71 €
Maurel et Prom is down 1.97% to 7.96 € during the session, compared with a close of 8.12 € the previous day. The stock has fallen back below its MA20, MA50 and MA200, respectively at 8.17 €, 8.15 € and 8.28 €, with negative deviations between 2.33% and 3.86%. This configuration below all three moving averages illustrates persistent selling pressure over several weeks, which the breach below the three moving averages in early September had already materialized.
The RSI at 49 remains neutral, with no marked sign of selling exhaustion. The support level at 7.71 €, already approached last Friday, is drawing closer: the gap between the current price and this level is now only 3.1%, placing this threshold at the heart of technical attention.
A favorable index context that contrasts with the stock's decline, valued at less than 8 times expected earnings
At mid-session, the CAC 40 is up 0.20% and the SBF 120 is advancing 0.22% during the session, so that Maurel et Prom's decline stands out sharply against the general orientation of the Paris market. The stock ranks among the sharpest declines on the SBF 120, a ranking it had already held on Friday, September 25. Over the past twelve months, however, the share has posted a gain of 53.52%, which puts the recent decline into perspective.
According to the consensus of analysts surveyed, the stock is trading at approximately 6.2 times the earnings of the current fiscal year, a contained valuation that reflects the uncertainties specific to a hydrocarbon producer operating in risk-prone geographies. When publishing the H1 2026 results (August 6, 2026), management had struck a confident tone by emphasizing its ability to mobilize its cash reserves in a growth-oriented logic. The next concrete benchmark for the stock remains the support level at 7.71 €, a technical floor whose stability or breach will determine the short-term dynamics.
