TotalEnergies (NYSE:TTE) PT Lowered to $68.00

TotalEnergies (NYSE:TTE – Get Rating) had its price objective reduced by equities researchers at Piper Sandler from $69.00 to $68.00 in a research report issued to clients and investors on Thursday, The Fly reports. Piper Sandler’s price objective would indicate a potential upside of 12.53% from the company’s previous close.

Several other equities research analysts have also commented on the stock. Morgan Stanley raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, March 21st. JPMorgan Chase & Co. upped their price target on shares of TotalEnergies from €68.00 ($73.91) to €73.00 ($79.35) and gave the company an “overweight” rating in a research report on Thursday, January 19th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.40.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $60.43 on Thursday. TotalEnergies has a fifty-two week low of $44.61 and a fifty-two week high of $65.05. The business has a 50-day simple moving average of $61.01 and a two-hundred day simple moving average of $61.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.14. The firm has a market cap of $149.98 billion, a price-to-earnings ratio of 7.38, a price-to-earnings-growth ratio of 0.59 and a beta of 0.79.

TotalEnergies (NYSE:TTE – Get Rating) last issued its earnings results on Thursday, April 27th. The company reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.18. TotalEnergies had a return on equity of 28.51% and a net margin of 7.82%. The business had revenue of $62.60 billion during the quarter. On average, analysts expect that TotalEnergies will post 10.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTE. Financial Connections Group Inc. bought a new position in TotalEnergies in the 4th quarter worth approximately $27,000. Versant Capital Management Inc boosted its stake in TotalEnergies by 940.9% in the 1st quarter. Versant Capital Management Inc now owns 458 shares of the company’s stock worth $27,000 after purchasing an additional 414 shares during the period. Sandy Spring Bank bought a new position in TotalEnergies in the 1st quarter worth approximately $27,000. Arlington Partners LLC bought a new position in TotalEnergies in the 1st quarter worth approximately $28,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in TotalEnergies by 584.1% in the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 472 shares of the company’s stock worth $28,000 after purchasing an additional 403 shares during the period. 6.63% of the stock is currently owned by institutional investors.

TotalEnergies Company Profile

(Get Rating)

TotalEnergies SE engages in the exploration and production of fuels, natural gas and low carbon electricity. It operates through the following business segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals and Marketing & Services. The Exploration & Production segment encompasses oil and natural gas exploration and production activities.