TotalEnergies - TTE Stock Forecast, Price & News

TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services. The Exploration & Production segment is involved in the oil and natural gas exploration and production activities. The Refining & Chemicals segment engages in refining petrochemicals, including olefins and aromatics; and polymer derivatives, such as polyethylene, polypropylene, polystyrene, and hydrocarbon resins, as well as biomass conversion and elastomer processing. This segment is also involved in trading and shipping crude oil and petroleum products. The Marketing & Services segment produces and sells lubricants; supplies and markets petroleum products, including bulk fuel, aviation and marine fuel, special fluids, compressed natural gas, LPG, and bitumen; and provides fuel payment solutions. It operates approximately 16,000 service stations and 25,000 EV charge points. As of December 31, 2021, the company had 12,062 Mboe of combined proved reserves of oil and gas. TotalEnergies SE has strategic partnerships with PureCycle Technologies, Plastic Energy, Freepoint Eco-Systems, and Plastic Omnium for various development projects. The company was formerly known as TOTAL SE and changed its name to TotalEnergies SE in June 2021. TotalEnergies SE was incorporated in 1924 and is headquartered in Courbevoie, France.

Wall Street Analyst Weigh In

TTE has been the subject of a number of research reports. Sanford C. Bernstein upped their target price on shares of TotalEnergies to $74.00 in a report on Monday, July 4th. Jefferies Financial Group upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a report on Friday, July 1st. Morgan Stanley increased their price target on TotalEnergies from €56.00 ($57.14) to €58.00 ($59.18) in a report on Wednesday, May 11th. JPMorgan Chase & Co. upped their target price on TotalEnergies from €56.00 ($57.14) to €59.00 ($60.20) in a report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of TotalEnergies from €48.10 ($49.08) to €51.30 ($52.35) and gave the company a "hold" rating in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $62.63.

TotalEnergies Trading Up 0.5 %

TTE Stock traded up $0.29 during mid-day trading on Friday, hitting $54.02. 980,822 shares of the company were exchanged, compared to its average volume of 1,587,110. The business has a fifty day simple moving average of $51.97 and a 200-day simple moving average of $52.86. The firm has a market capitalization of $140.81 billion, a P/E ratio of 6.85, a PEG ratio of 0.50 and a beta of 0.76. TotalEnergies has a 12-month low of $42.21 and a 12-month high of $61.15. The company has a quick ratio of 0.99, a current ratio of 1.21 and a debt-to-equity ratio of 0.39.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, July 14th. Shareholders of record on Friday, June 17th were given a $0.5099 dividend. This represents a yield of 3.66%. The ex-dividend date of this dividend was Thursday, June 16th. TotalEnergies's payout ratio is 25.73%.