TotalEnergies (NYSE:TOT) Rating Reiterated by Kepler Capital Markets

TotalEnergies (NYSE:TOT)‘s stock had its “average” rating reaffirmed by investment analysts at Kepler Capital Markets in a report issued on Friday, AnalystRatings.com reports.

Several other research firms have also recently weighed in on TOT. Berenberg Bank restated a “hold” rating on shares of TotalEnergies in a research report on Wednesday, May 12th. Piper Sandler boosted their price objective on shares of TotalEnergies from $54.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, April 1st. Mizuho upped their target price on shares of TotalEnergies from $53.00 to $56.00 and gave the company a “neutral” rating in a research report on Monday, May 17th. JPMorgan Chase & Co. raised TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, April 12th. Finally, Morgan Stanley downgraded TotalEnergies from an “overweight” rating to an “equal weight” rating in a report on Tuesday, March 30th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. TotalEnergies has a consensus rating of “Hold” and a consensus target price of $50.29.

NYSE:TOT opened at $48.30 on Friday. TotalEnergies has a 1 year low of $28.65 and a 1 year high of $50.41. The firm has a 50 day moving average price of $46.53. The company has a quick ratio of 0.96, a current ratio of 1.19 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $128.15 billion, a PE ratio of -28.58, a P/E/G ratio of 0.57 and a beta of 0.97.

TotalEnergies (NYSE:TOT) last posted its quarterly earnings data on Thursday, April 29th. The oil and gas exploration company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.25. TotalEnergies had a negative net margin of 2.80% and a positive return on equity of 4.96%. The firm had revenue of $43.74 billion during the quarter. On average, analysts anticipate that TotalEnergies will post 4.34 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TOT. Price T Rowe Associates Inc. MD raised its position in shares of TotalEnergies by 7.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,276,970 shares of the oil and gas exploration company’s stock worth $757,530,000 after purchasing an additional 1,139,564 shares during the period. Cullen Capital Management LLC raised its position in shares of TotalEnergies by 950.1% during the first quarter. Cullen Capital Management LLC now owns 1,258,784 shares of the oil and gas exploration company’s stock worth $58,584,000 after purchasing an additional 1,138,911 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of TotalEnergies by 166.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,636,385 shares of the oil and gas exploration company’s stock worth $76,157,000 after purchasing an additional 1,022,074 shares during the period. Fisher Asset Management LLC raised its position in shares of TotalEnergies by 3.9% during the first quarter. Fisher Asset Management LLC now owns 22,287,256 shares of the oil and gas exploration company’s stock worth $1,037,249,000 after purchasing an additional 834,078 shares during the period. Finally, Equity Investment Corp raised its position in shares of TotalEnergies by 141.6% during the fourth quarter. Equity Investment Corp now owns 1,205,476 shares of the oil and gas exploration company’s stock worth $50,521,000 after purchasing an additional 706,492 shares during the period. 5.64% of the stock is currently owned by institutional investors.

TotalEnergies Company Profile

TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Integrated Gas, Renewables & Power; 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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Analyst Recommendations for TotalEnergies (NYSE:TOT)

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