TotalEnergies (NYSE:TTE) Price target reduced to €56.00


TotalEnergies (NYSE: TTE – Get an Assessment) saw its target price drop by research analysts at JPMorgan Chase & Co. from €58.00 ($62.37) to €56.00 ($60.22) in a note to investors on Wednesday, reports The Fly .

TTE has been the subject of several other research reports. Jefferies Financial Group downgraded TotalEnergies from a “buy” rating to a “hold” rating in a Wednesday, April 6 report. HSBC downgraded TotalEnergies from a “buy” rating to a “hold” rating in a Monday, March 21 report. Deutsche Bank Aktiengesellschaft downgraded TotalEnergies from a “buy” rating to a “hold” rating in a Wednesday, March 23 report. Zacks Investment Research downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a target price of $61.00 for the stock. in a report on Wednesday, February 2. Finally, Royal Bank of Canada downgraded TotalEnergies from an “outperforming” rating to an “sector outperforming” rating and raised its price target for the company from $52.00 to $55.00 in a research note from Friday, February 25. One analyst has assigned the stock a sell rating, ten have assigned a hold rating and three have assigned the stock a buy rating. According to MarketBeat, TotalEnergies has a consensus rating of “Hold” and a consensus target price of $61.29.

Shares of TTE fell $0.10 on Wednesday, hitting $51.09. 21,210 shares were traded, against an average volume of 3,002,653. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt ratio of 0.43. The company has a market capitalization of $133.17 billion, a P/E ratio of 8.64, a price-to-earnings growth ratio of 0.73 and a beta of 0.85. The company has a 50-day moving average of $52.17 and a 200-day moving average of $51.85. TotalEnergies has a fifty-two week low of $40.33 and a fifty-two week high of $60.03.

TotalEnergies (NYSE:TTE – Get Rating) last released quarterly earnings data on Thursday, February 10. The company reported earnings per share of $2.55 for the quarter, beating the consensus estimate of $2.06 by $0.49. TotalEnergies posted a return on equity of 16.04% and a net margin of 7.98%. The company had revenue of $55.30 billion in the quarter. As a group, research analysts expect TotalEnergies to post EPS of 10.52 for the current fiscal year.

Several hedge funds and other institutional investors have recently increased or reduced their stake in TTE. Fisher Asset Management LLC acquired a new equity stake in TotalEnergies during Q4 valued at $1,234,997,000. Bank of America Corp DE acquired a new equity stake in TotalEnergies during Q4 valued at $314,133,000. Wells Fargo & Company MN acquired a new equity stake in TotalEnergies during Q4 valued at $282,309,000. American Century Companies Inc. acquired a new equity stake in TotalEnergies during Q4 valued at $167,974,000. Finally, Parametric Portfolio Associates LLC acquired a new equity stake in TotalEnergies during Q4 valued at $115,239,000. 11.91% of the shares are currently held by institutional investors.

About TotalEnergies (Get an assessment)

TotalEnergies SE operates as an integrated oil and gas company worldwide. The Company operates through four segments: Exploration & Production; integrated gas, renewable energies and electricity; Refining & Chemicals; and Marketing & Services. The Company’s Exploration & Production segment is involved in oil and natural gas exploration and production activities in approximately 50 countries.

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