TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• TotalEnergies SE Sponsored ADR has been rated with a consensus recommendation of "Moderate Buy" by analysts, with six hold ratings, six buy ratings, and one strong buy rating.
• The average twelve-month price objective for TotalEnergies among brokerages is $64.95, indicating potential for growth.
• The company reported earnings of $1.57 per share last quarter, missing the consensus estimate of $1.62, despite revenue exceeding expectations at $44.68 billion.

TotalEnergies SE Sponsored ADR (NYSE:TTE - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $64.95.

TTE has been the topic of several recent analyst reports. BNP Paribas Exane reiterated a "neutral" rating on shares of TotalEnergies in a report on Tuesday, September 23rd. BNP Paribas lowered TotalEnergies from an "outperform" rating to a "hold" rating in a report on Tuesday, September 23rd. Berenberg Bank lowered TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a report on Thursday, September 25th. Scotiabank boosted their price target on TotalEnergies from $65.00 to $67.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of TotalEnergies in a research report on Wednesday, October 8th.

Hedge Funds Weigh In On TotalEnergies

A number of institutional investors have recently bought and sold shares of TTE. NewSquare Capital LLC grew its position in shares of TotalEnergies by 141.5% in the second quarter. NewSquare Capital LLC now owns 495 shares of the company's stock valued at $30,000 after purchasing an additional 290 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of TotalEnergies in the first quarter valued at approximately $32,000. Costello Asset Management INC acquired a new position in shares of TotalEnergies in the first quarter valued at approximately $32,000. Trust Co. of Toledo NA OH acquired a new position in shares of TotalEnergies in the second quarter valued at approximately $34,000. Finally, SouthState Corp grew its position in shares of TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after purchasing an additional 319 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Stock Performance

TTE stock opened at $57.58 on Tuesday. The business's 50-day moving average price is $61.29 and its two-hundred day moving average price is $60.40. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The firm has a market cap of $138.06 billion, a PE ratio of 10.45, a P/E/G ratio of 1.35 and a beta of 0.53. TotalEnergies has a 1-year low of $52.78 and a 1-year high of $68.46.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.05). The business had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, research analysts forecast that TotalEnergies will post 8.02 earnings per share for the current year.

About TotalEnergies

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.

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