Viridien stock rebounds 3.5%, boosted by Brent above $96
Viridien posts one of the best performances on the SBF 120 during mid-session trading on Monday, September 7, as Brent surpasses $96 per barrel amid persistent tensions around the Strait of Hormuz. The rebound of the stock, which had lost ground last Wednesday, occurs in a nearly stable Paris market, with the CAC 40 and SBF 120 posting marginal gains during the session.
A 3.5% rebound that places Viridien above its 50-day moving average in a supportive market
Viridien is trading at €88.80 during the session, up 3.56% from the last close on Friday, September 4 (€85.75). This rebound allows the stock to maintain its lead over the 50-day moving average at €85.52, with a positive gap of nearly 4%, while it remains below the 20-day moving average at €90.79, approximately 2% away. The RSI at 50 reflects a neutral configuration, neither overbought nor oversold, leaving room for movement in both directions.
Over the week, gains reach 7.25%, but the quarterly balance remains significantly negative with a decline of 20.57% over three months. Brent, directly correlated to Viridien's activity in petroleum geosciences, is trading around $96.28 per barrel on Monday, supported by ongoing military tensions in the Strait of Hormuz: this crude oil advance provides a favorable context for exploration budgets of the group's client base. The resistance level to watch is at €90.79 (20-day moving average), a threshold the stock has not yet surpassed.
High net short positions and Goldman Sachs coverage to monitor on the stock
According to reported declarations, cumulative net short positions on Viridien reach 6.43% of capital, held by eight funds, up 1.37 percentage points over the last thirty days. This level signals that institutional investors remain significantly positioned against the value, pressure that can amplify upward or downward movements depending on sector expectations. In early September, Goldman Sachs initiated coverage on the stock with a buy rating and a price target of €118, representing potential upside of nearly 33% from the current price of €88.80.
On the fundamentals side, upon publication of Q1 2026 results on May 5, 2026, the group confirmed its annual net cash flow generation target of $100 million, with seasonality similar to that of 2025. The support level at €79 remains the lower reference in case of renewed selling pressure.
