TotalEnergies’ (TTE) Neutral Rating Reiterated at Piper Sandler

TotalEnergies (NYSE:TTEGet Free Report)‘s stock had its “neutral” rating restated by equities research analysts at Piper Sandler in a report issued on Thursday,Benzinga reports. They presently have a $85.00 target price on the stock. Piper Sandler’s price objective would suggest a potential downside of 1.76% from the stock’s previous close.

A number of other equities research analysts have also weighed in on TTE. Mizuho started coverage on TotalEnergies in a research report on Monday. They set an “outperform” rating and a $103.00 target price for the company. Scotiabank lifted their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Finally, BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Read Our Latest Research Report on TTE

TotalEnergies Trading Up 1.9%

TTE opened at $86.52 on Thursday. The firm has a market cap of $207.45 billion, a P/E ratio of 12.82, a P/E/G ratio of 3.02 and a beta of 0.14. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average of $84.22 and a 200 day moving average of $81.96. TotalEnergies has a 12 month low of $57.39 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTEGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, research analysts forecast that TotalEnergies will post 10.41 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MGO One Seven LLC raised its position in shares of TotalEnergies by 1.3% in the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock valued at $681,000 after buying an additional 137 shares during the last quarter. Clear Creek Financial Management LLC lifted its stake in shares of TotalEnergies by 2.4% in the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock valued at $414,000 after purchasing an additional 150 shares during the last quarter. Fiduciary Financial Group LLC boosted its stake in TotalEnergies by 5.9% during the second quarter. Fiduciary Financial Group LLC now owns 2,767 shares of the company’s stock worth $215,000 after buying an additional 154 shares during the period. Financial Management Professionals Inc. lifted its stake in TotalEnergies by 36.0% during the second quarter. Financial Management Professionals Inc. now owns 589 shares of the company’s stock worth $46,000 after purchasing an additional 156 shares in the last quarter. Finally, World Investment Advisors boosted its holdings in TotalEnergies by 2.0% during the 1st quarter. World Investment Advisors now owns 8,448 shares of the company’s stock valued at $771,000 after acquiring an additional 165 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies News Roundup

Here are the key news stories impacting TotalEnergies this week:

TotalEnergies Company Profile

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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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Analyst Recommendations for TotalEnergies (NYSE:TTE)

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