TotalEnergies (NYSE:TTE) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded TotalEnergies from “strong buy” to “buy.” Analysts overall remain positive, with a “Moderate Buy” consensus and an average price target of $96.
• TotalEnergies shares rose 1.3% to $90.71 in Friday trading.
• The company beat quarterly earnings and revenue expectations, reporting EPS of $4.03 versus $3.84 expected and revenue of $61.86 billion versus $55.39 billion expected.

TotalEnergies (NYSE:TTE - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Sunday, Wall Street Zen reports.

Other equities research analysts have also issued research reports about the stock. Freedom Broker raised shares of TotalEnergies from a "sell" rating to a "hold" rating in a report on Tuesday, November 3rd. HSBC upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research report on Friday, September 25th. Morgan Stanley downgraded shares of TotalEnergies from an "overweight" rating to an "equal weight" rating and set a $90.00 price objective for the company. in a research note on Thursday, September 3rd. Zacks Research upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Monday, October 19th. Finally, Mizuho set a $108.00 target price on TotalEnergies in a research note on Friday, October 16th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of "Moderate Buy" and an average target price of $96.00.

TotalEnergies Trading Up 1.3%

Shares of NYSE:TTE traded up $1.16 during trading on Friday, reaching $90.71. 870,739 shares of the company traded hands, compared to its average volume of 1,654,406. The firm has a market capitalization of $217.49 billion, a price-to-earnings ratio of 9.06 and a beta of 0.14. TotalEnergies has a 52-week low of $62.15 and a 52-week high of $95.78. The company has a current ratio of 1.11, a quick ratio of 0.89 and a debt-to-equity ratio of 0.36. The business's fifty day moving average is $89.76 and its 200-day moving average is $86.15.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its earnings results on Friday, October 30th. The company reported $4.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.84 by $0.19. TotalEnergies had a net margin of 9.61% and a return on equity of 19.08%. The firm had revenue of $61.86 billion for the quarter, compared to analysts' expectations of $55.39 billion. As a group, analysts forecast that TotalEnergies will post 12.95 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Robinswood Financial LLC bought a new stake in shares of TotalEnergies in the 1st quarter worth about $27,000. West Financial Advisors LLC bought a new stake in shares of TotalEnergies in the third quarter valued at about $30,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of TotalEnergies in the 2nd quarter worth approximately $30,000. Cassaday & Co Wealth Management LLC purchased a new stake in TotalEnergies during the first quarter worth $39,000. Finally, Heritage Family Offices LLP purchased a new position in TotalEnergies in the third quarter valued at about $40,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Company Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers. The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services. Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.

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