Erste Group Bank Comments on TotalEnergies FY2027 Earnings

Key Points

• Erste Group Bank lowered its FY2027 EPS estimate for TotalEnergies to $9.46 from $9.48, below the broader consensus estimate of $10.65 per share.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” from 19 analysts and an average price target of $87.14.
• TotalEnergies shares opened at $86.39, while the company recently reported quarterly EPS of $2.68 on $57.10 billion in revenue; institutional investors own 16.53% of the stock.

TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) - Equities researchers at Erste Group Bank dropped their FY2027 earnings per share estimates for TotalEnergies in a research note issued on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings per share of $9.46 for the year, down from their previous estimate of $9.48. The consensus estimate for TotalEnergies' current full-year earnings is $10.65 per share.

Several other research firms have also commented on TTE. Morgan Stanley reiterated an "overweight" rating on shares of TotalEnergies in a report on Tuesday, May 12th. CICC Research initiated coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They set an "outperform" rating for the company. Zacks Research downgraded shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 25th. Piper Sandler reiterated a "neutral" rating and issued a $85.00 target price on shares of TotalEnergies in a report on Thursday, July 23rd. Finally, Weiss Ratings upgraded shares of TotalEnergies from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, July 24th. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.14.

TotalEnergies Stock Up 0.0%

Shares of NYSE:TTE opened at $86.39 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The business has a fifty day moving average of $83.59 and a two-hundred day moving average of $85.51. The stock has a market cap of $207.14 billion, a P/E ratio of 10.81, a PEG ratio of 3.05 and a beta of 0.13. TotalEnergies has a 52-week low of $57.39 and a 52-week high of $94.17.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The firm had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.

Hedge Funds Weigh In On TotalEnergies

Several large investors have recently modified their holdings of TTE. Corient Private Wealth LP increased its position in shares of TotalEnergies by 7.7% during the 2nd quarter. Corient Private Wealth LP now owns 112,649 shares of the company's stock worth $8,762,000 after purchasing an additional 8,032 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in TotalEnergies in the second quarter valued at about $583,000. Kintra Wealth LLC lifted its position in TotalEnergies by 17.1% in the second quarter. Kintra Wealth LLC now owns 8,008 shares of the company's stock valued at $623,000 after buying an additional 1,167 shares during the last quarter. HB Wealth Management LLC boosted its stake in TotalEnergies by 0.9% during the second quarter. HB Wealth Management LLC now owns 26,326 shares of the company's stock worth $2,047,000 after buying an additional 244 shares during the period. Finally, Saudi Central Bank purchased a new position in TotalEnergies during the second quarter worth about $42,154,000. Institutional investors and hedge funds own 16.53% of the company's stock.

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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