TotalEnergies (NYSE:TTE - Get Free Report) was upgraded by equities research analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a report released on Monday,Briefing.com Automated Import reports. The brokerage currently has a $60.80 target price on the stock. Morgan Stanley's target price suggests a potential upside of 3.63% from the stock's previous close.
Other analysts also recently issued research reports about the stock. Scotiabank cut their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Finally, Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.76.
Check Out Our Latest Stock Report on TTE
TotalEnergies Price Performance
Shares of NYSE TTE opened at $58.67 on Monday. TotalEnergies has a 52 week low of $52.78 and a 52 week high of $74.43. The business's 50 day moving average price is $59.88 and its 200 day moving average price is $59.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The firm has a market cap of $140.67 billion, a P/E ratio of 8.81, a P/E/G ratio of 0.98 and a beta of 0.58.
TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $47.90 billion during the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same quarter in the prior year, the firm earned $2.14 EPS. On average, sell-side analysts expect that TotalEnergies will post 8.02 earnings per share for the current year.
Institutional Trading of TotalEnergies
A number of large investors have recently bought and sold shares of the business. Asset Planning Inc purchased a new stake in shares of TotalEnergies in the fourth quarter valued at about $31,000. Financial Management Professionals Inc. raised its stake in TotalEnergies by 65.8% during the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after acquiring an additional 192 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in TotalEnergies during the 4th quarter worth approximately $32,000. Inlight Wealth Management LLC purchased a new position in shares of TotalEnergies in the 1st quarter valued at approximately $32,000. Finally, Costello Asset Management INC purchased a new stake in shares of TotalEnergies during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 16.53% of the company's stock.
About TotalEnergies
(
Get Free Report)
TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider TotalEnergies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TotalEnergies wasn't on the list.
While TotalEnergies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
