TotalEnergies (NYSE:TTE) Price Target Raised to $67.00

TotalEnergies (NYSE:TTEFree Report) had its target price raised by Scotiabank from $65.00 to $67.00 in a research report report published on Thursday morning, Marketbeat.com reports. Scotiabank currently has a sector perform rating on the stock.

A number of other research analysts have also recently commented on the company. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Berenberg Bank cut TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research note on Thursday, September 25th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Finally, BNP Paribas cut TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and an average price target of $64.95.

Get Our Latest Analysis on TotalEnergies

TotalEnergies Trading Down 1.9%

Shares of TTE stock opened at $57.47 on Thursday. The stock’s fifty day moving average price is $61.33 and its two-hundred day moving average price is $60.48. The company has a market cap of $137.79 billion, a PE ratio of 10.43, a P/E/G ratio of 1.35 and a beta of 0.53. TotalEnergies has a fifty-two week low of $52.78 and a fifty-two week high of $68.58. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.

TotalEnergies (NYSE:TTEGet Free Report) last issued its earnings results on Thursday, July 24th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). The business had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Equities analysts predict that TotalEnergies will post 8.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. NewSquare Capital LLC raised its position in TotalEnergies by 141.5% during the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after purchasing an additional 290 shares during the last quarter. Inlight Wealth Management LLC bought a new position in TotalEnergies during the 1st quarter worth $32,000. Costello Asset Management INC bought a new position in TotalEnergies during the 1st quarter worth $32,000. Trust Co. of Toledo NA OH bought a new position in TotalEnergies during the 2nd quarter worth $34,000. Finally, SouthState Corp grew its holdings in TotalEnergies by 126.1% during the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after acquiring an additional 319 shares during the period. 16.53% of the stock is owned by institutional investors.

TotalEnergies Company Profile

(Get Free Report)

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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Analyst Recommendations for TotalEnergies (NYSE:TTE)

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