TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Average Recommendation of "Hold" from Analysts

Key Points

• TotalEnergies has a consensus “Hold” rating from 19 analysts: 10 rate it a buy, eight a hold, and one a sell. The average 12-month price target is $88.50.
• Recent analyst views were mixed but generally positive, with price targets ranging from $90 to $105; Piper Sandler maintained a neutral rating while Mizuho and TD Cowen issued outperform and buy ratings, respectively.
• TotalEnergies shares opened at $88.63, near their 12-month high of $94.17, while the company reported quarterly revenue of $57.10 billion and earnings of $2.68 per share.

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Get Free Report) have been assigned a consensus rating of "Hold" from the nineteen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $88.50.

A number of brokerages have recently commented on TTE. Piper Sandler upped their price target on TotalEnergies from $84.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday. Weiss Ratings raised shares of TotalEnergies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Mizuho initiated coverage on shares of TotalEnergies in a report on Monday, July 20th. They set an "outperform" rating and a $103.00 price objective for the company. Morgan Stanley set a $90.00 target price on shares of TotalEnergies and gave the company an "equal weight" rating in a research note on Thursday. Finally, TD Cowen increased their target price on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a "buy" rating in a report on Friday, July 24th.

Institutional Trading of TotalEnergies

A number of large investors have recently made changes to their positions in the company. Robinswood Financial LLC acquired a new position in TotalEnergies in the first quarter valued at about $27,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of TotalEnergies during the second quarter worth about $30,000. Elyxium Wealth LLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth about $33,000. SHP Wealth Management bought a new position in shares of TotalEnergies during the 4th quarter valued at about $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of TotalEnergies during the 4th quarter valued at about $38,000. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Down 0.7%

Shares of TotalEnergies stock opened at $88.63 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. TotalEnergies has a 12 month low of $57.39 and a 12 month high of $94.17. The business has a fifty day simple moving average of $84.63 and a 200 day simple moving average of $85.91. The stock has a market cap of $212.51 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 3.15 and a beta of 0.13.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The firm had revenue of $57.10 billion for the quarter. Research analysts predict that TotalEnergies will post 10.65 EPS for the current year.

TotalEnergies Company Profile

TotalEnergies SE NYSE: TTE is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.

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