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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Technip    TEC   FR0000131708

TECHNIP (TEC)

Delayed Quote. Delayed  - 09/23 05:35:07 pm
51.49 EUR   +0.06%
09/22 TECHNIP : wins 70,000 bbl/d expansion project at Ali Jebel refinery
09/20 EXCLUSIVE : Citgo asks PDVSA for $100 million to revive Aruba refine..
09/20 TECHNIP : Enoc to expand Jebel Ali refinery
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Analysis summary4-Traders Strategies 

Perfect timing for a technical rebound

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02/12/2013 | 09:58am
Opinion : Bullish above EUR 77.45
Target price : EUR 82.8
Stop loss: EUR 75.8
EURONEXT PARIS
Oil Related Services and Equipment

In the past few sessions, Technip shares have suffered from a sharp fall and is now coming back on significant level support.

From a fundamental viewpoint, the security is cheap with a PER of 17.18x for 2012 and 13.45x for 2013. Besides, EV/Sales is low with a ratio at 1.01x for this year.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the EUR 77.45 area should stop this trend and allow a technical rebound towards EUR 82.75. Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.

Therefore, the proximity of the EUR 77.45 support is an opportunity to take a long position in Technip. The first goal is a return in the EUR 82.75 resistance area. In fact, the security has to cross this area in order to re-establish a bullish trend in the short term. A stop loss order can be placed under the support currently tested.

TECHNIP : Perfect timing for a technical rebound

© Zonebourse.com 2013
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Company
Provides project management, engineering and construction servicesTechnip SA engages in the fields of project management, engineering and construction for the energy industry, which offers comprehensive portfolio solutions and technologies.It provides services for basic and detail engineering,... 
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Financials (€)
Sales 2016 10 772 M
EBIT 2016 862 M
Net income 2016 529 M
Debt 2016 13,2 M
Yield 2016 3,73%
P/E ratio 2016 11,86
P/E ratio 2017 15,51
EV / Sales 2016 0,59x
EV / Sales 2017 0,68x
Capitalization 6 299 M
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Chart TECHNIP
Duration : Period : Day
Technip Technical Analysis Chart | TEC | FR0000131708 | 4-Traders
Duration : Period : Week
Technip Technical Analysis Chart | TEC | FR0000131708 | 4-Traders
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