Total SA (TOT) Raised to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Total SA (NYSE:TOT) from a hold rating to a buy rating in a research note published on Wednesday. They currently have $53.00 price objective on the oil and gas exploration company’s stock.
According to Zacks, “TOTAL is benefiting from its rigorous cost management efforts and new startups are expected to boost its upstream output by 5% per year between 2014 to 2019. The company is on track to meet its long-term objective of doubling its liquefaction capacity to around 20 million tons per year and increasing its LNG trading portfolio to 15 million tons per year by 2020. The company is also expanding its renewable energy footprints through the inorganic route and obtaining a 30% interest in the Al-Shaheen concession in Qatar for 25 years will help it expand operations in Middle East. Thanks to the positive developments, estimates have been going up ahead of the TOTAL’s Q3 earnings release. However, fluctuating commodity prices, operations in some politically troubled regions and increasing competition could impact the company’s profitability.”
Other equities research analysts have also issued reports about the stock. Bank of America Corp. lowered shares of Total SA from a buy rating to a neutral rating in a report on Friday, July 15th. TheStreet upgraded shares of Total SA from a hold rating to a buy rating in a report on Thursday, July 14th. JPMorgan Chase & Co. reiterated a buy rating on shares of Total SA in a report on Thursday, July 21st. Sanford C. Bernstein lowered shares of Total SA from an outperform rating to a market perform rating in a report on Thursday, September 8th. Finally, Barclays PLC upgraded shares of Total SA from an equal weight rating to an overweight rating in a report on Thursday, August 4th. Ten equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $49.41.
Shares of Total SA (NYSE:TOT) opened at 46.41 on Wednesday. The firm has a market cap of $110.89 billion, a price-to-earnings ratio of 36.63 and a beta of 1.12. Total SA has a 1-year low of $39.05 and a 1-year high of $52.34. The company has a 50 day moving average of $48.08 and a 200 day moving average of $47.71.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. increased its position in Total SA by 3.1% in the second quarter. FTB Advisors Inc. now owns 2,102 shares of the oil and gas exploration company’s stock worth $100,000 after buying an additional 64 shares during the period. Compagnie Lombard Odier SCmA increased its position in Total SA by 0.5% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,241 shares of the oil and gas exploration company’s stock worth $108,000 after buying an additional 11 shares during the period. Signaturefd LLC increased its position in Total SA by 73.2% in the second quarter. Signaturefd LLC now owns 2,679 shares of the oil and gas exploration company’s stock worth $129,000 after buying an additional 1,132 shares during the period. First Personal Financial Services increased its position in Total SA by 58.6% in the second quarter. First Personal Financial Services now owns 2,696 shares of the oil and gas exploration company’s stock worth $130,000 after buying an additional 996 shares during the period. Finally, Kanaly Trust Co increased its position in Total SA by 24.8% in the second quarter. Kanaly Trust Co now owns 2,896 shares of the oil and gas exploration company’s stock worth $139,000 after buying an additional 576 shares during the period.
Total SA Company Profile
Total SA is an energy operator. The Company operates through three business segments: an Upstream segment, including alongside the activities of the exploration and production of hydrocarbons, the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub comprising the activities of refining, petrochemicals and specialty chemicals and also includes the activities of oil trading and shipping; a Marketing & Services segment, including the global activities of supply and marketing in the field of petroleum products, as well as the activity of new energies, and a Corporate segment, which includes holdings operating and financial activities.
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