TotalEnergies (NYSE:TTE – Get Rating) was downgraded by stock analysts at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.
Other research analysts have also issued reports about the stock. BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 14th. JPMorgan Chase & Co. raised their price target on TotalEnergies from €66.00 ($70.21) to €68.00 ($72.34) and gave the stock an “overweight” rating in a report on Friday, December 2nd. Cowen dropped their target price on TotalEnergies from $58.00 to $56.00 in a research report on Friday, September 30th. Deutsche Bank Aktiengesellschaft raised their target price on TotalEnergies from €54.90 ($58.40) to €60.00 ($63.83) in a research note on Wednesday, December 7th. Finally, Erste Group Bank downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $62.92.
TotalEnergies Stock Up 1.2 %
Shares of TotalEnergies stock opened at $61.83 on Monday. The company has a fifty day moving average price of $59.96 and a 200 day moving average price of $53.94. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. TotalEnergies has a twelve month low of $44.61 and a twelve month high of $64.02. The stock has a market cap of $161.17 billion, a price-to-earnings ratio of 7.07, a price-to-earnings-growth ratio of 0.54 and a beta of 0.80.
TotalEnergies (NYSE:TTE – Get Rating) last issued its quarterly earnings data on Thursday, October 27th. The company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $3.91 by ($0.08). TotalEnergies had a return on equity of 29.83% and a net margin of 8.67%. The firm had revenue of $69.04 billion during the quarter. Equities research analysts forecast that TotalEnergies will post 14.14 earnings per share for the current fiscal year.
Hedge Funds Weigh In On TotalEnergies
Several hedge funds have recently bought and sold shares of TTE. Stokes Family Office LLC grew its holdings in TotalEnergies by 2.9% during the third quarter. Stokes Family Office LLC now owns 6,257 shares of the company’s stock valued at $291,000 after purchasing an additional 178 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of TotalEnergies by 10.6% in the third quarter. Global Retirement Partners LLC now owns 1,875 shares of the company’s stock worth $103,000 after buying an additional 180 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of TotalEnergies by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 10,741 shares of the company’s stock worth $500,000 after buying an additional 182 shares during the last quarter. Cetera Advisors LLC increased its position in TotalEnergies by 4.2% during the second quarter. Cetera Advisors LLC now owns 4,755 shares of the company’s stock worth $250,000 after acquiring an additional 193 shares during the period. Finally, Argyle Capital Management Inc. increased its position in TotalEnergies by 2.0% during the third quarter. Argyle Capital Management Inc. now owns 10,400 shares of the company’s stock worth $484,000 after acquiring an additional 200 shares during the period. 6.63% of the stock is owned by institutional investors and hedge funds.
TotalEnergies Company Profile
TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.
Further Reading
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