Total (TOT) Receives Buy Rating from Piper Jaffray Companies
Piper Jaffray Companies reiterated their buy rating on shares of Total (NYSE:TOT) in a research report released on Monday morning. Piper Jaffray Companies also issued estimates for Total’s Q4 2018 earnings at $1.46 EPS, FY2018 earnings at $5.35 EPS, Q1 2019 earnings at $1.10 EPS, Q2 2019 earnings at $1.24 EPS, Q3 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.35 EPS, FY2019 earnings at $4.95 EPS, Q1 2020 earnings at $1.24 EPS, Q2 2020 earnings at $1.38 EPS, Q3 2020 earnings at $1.40 EPS and FY2020 earnings at $5.34 EPS.
A number of other research analysts have also recently commented on the company. ValuEngine raised Total from a sell rating to a hold rating in a research report on Monday. Goldman Sachs Group reaffirmed a buy rating on shares of Total in a research report on Friday, October 26th. Sanford C. Bernstein reaffirmed a buy rating on shares of Total in a research report on Friday, October 26th. Royal Bank of Canada reaffirmed a hold rating on shares of Total in a research report on Friday, October 26th. Finally, JPMorgan Chase & Co. reaffirmed a sell rating on shares of Total in a research report on Friday, October 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Total has an average rating of Buy and a consensus target price of $50.86.
Shares of NYSE:TOT opened at $56.64 on Monday. The firm has a market capitalization of $142.45 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 0.84 and a beta of 0.77. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. Total has a 1 year low of $53.37 and a 1 year high of $65.69.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Cordasco Financial Network purchased a new stake in Total during the 3rd quarter worth about $103,000. Girard Partners LTD. purchased a new stake in Total during the 3rd quarter worth about $103,000. TRUE Private Wealth Advisors purchased a new stake in Total during the 3rd quarter worth about $116,000. Chicago Partners Investment Group LLC purchased a new stake in Total during the 3rd quarter worth about $125,000. Finally, CWM LLC lifted its holdings in Total by 3,696.6% during the 2nd quarter. CWM LLC now owns 2,202 shares of the oil and gas exploration company’s stock worth $133,000 after purchasing an additional 2,144 shares in the last quarter. 6.00% of the stock is currently owned by hedge funds and other institutional investors.
TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services segments. The Exploration & Production segment engages in the exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.
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