TotalEnergies SE (NYSE:TTE - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $69.65, but opened at $68.21. TotalEnergies shares last traded at $68.16, with a volume of 53,408 shares trading hands.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on TTE. Piper Sandler lifted their price objective on TotalEnergies from $75.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, April 18th. Scotiabank lifted their price objective on TotalEnergies from $74.00 to $86.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $70.75.
Check Out Our Latest Research Report on TotalEnergies
TotalEnergies Stock Performance
The firm has a fifty day moving average of $70.14 and a 200-day moving average of $68.40. The stock has a market capitalization of $160.79 billion, a price-to-earnings ratio of 7.69, a PEG ratio of 1.77 and a beta of 0.64. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31.
TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.18. The company had revenue of $56.28 billion during the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. As a group, sell-side analysts anticipate that TotalEnergies SE will post 9.16 EPS for the current year.
Hedge Funds Weigh In On TotalEnergies
Hedge funds have recently bought and sold shares of the stock. Key Financial Inc increased its position in TotalEnergies by 139.0% during the fourth quarter. Key Financial Inc now owns 380 shares of the company's stock worth $26,000 after buying an additional 221 shares in the last quarter. North Star Investment Management Corp. increased its position in TotalEnergies by 310.0% during the first quarter. North Star Investment Management Corp. now owns 410 shares of the company's stock worth $28,000 after buying an additional 310 shares in the last quarter. Evolution Advisers Inc. purchased a new position in TotalEnergies during the fourth quarter worth $29,000. Pathway Financial Advisers LLC purchased a new position in TotalEnergies during the first quarter worth $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in TotalEnergies during the fourth quarter worth $30,000. Hedge funds and other institutional investors own 13.22% of the company's stock.
About TotalEnergies
(
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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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