TotalEnergies SE Sponsored ADR (NYSE:TTE) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $92.71.

A number of research firms have issued reports on TTE. HSBC upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. TD Cowen decreased their price objective on shares of TotalEnergies from $108.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Mizuho set a $108.00 target price on TotalEnergies in a research report on Friday, October 16th. Barclays reissued an “overweight” rating on shares of TotalEnergies in a report on Monday, October 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of TotalEnergies in a research note on Thursday.

TotalEnergies Price Performance

Shares of TTE stock opened at $92.80 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. The business’s 50 day moving average price is $89.15 and its 200-day moving average price is $87.34. The firm has a market cap of $222.50 billion, a P/E ratio of 11.61 and a beta of 0.18. TotalEnergies has a fifty-two week low of $60.58 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The business had revenue of $57.10 billion during the quarter. On average, equities research analysts anticipate that TotalEnergies will post 12.60 earnings per share for the current year.

Hedge Funds Weigh In On TotalEnergies

A number of hedge funds have recently modified their holdings of TTE. Robinswood Financial LLC bought a new position in TotalEnergies in the 1st quarter worth $27,000. Pin Oak Investment Advisors Inc. purchased a new position in TotalEnergies during the 2nd quarter valued at approximately $30,000. West Financial Advisors LLC purchased a new position in shares of TotalEnergies in the third quarter valued at $30,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of TotalEnergies in the 1st quarter worth $39,000. Finally, GK Wealth Management LLC bought a new stake in TotalEnergies during the third quarter worth approximately $43,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Company Profile

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.