TotalEnergies (NYSE:TTE) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of TotalEnergies (NYSE:TTE) from a hold rating to a buy rating in a research note published on Monday,Wall Street Zen reports.

A number of other research analysts have also weighed in on the company. CICC Research began coverage on TotalEnergies in a report on Tuesday, June 23rd. They set an “outperform” rating for the company. Piper Sandler restated a “neutral” rating and issued a $85.00 price objective on shares of TotalEnergies in a research report on Thursday, July 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Weiss Ratings raised shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $87.14.

TotalEnergies Price Performance

NYSE TTE opened at $88.42 on Monday. The company has a market cap of $212.00 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 3.05 and a beta of 0.13. TotalEnergies has a 52 week low of $57.39 and a 52 week high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The firm’s 50-day simple moving average is $83.74 and its two-hundred day simple moving average is $85.61.

TotalEnergies (NYSE:TTE) last posted its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. Research analysts predict that TotalEnergies will post 10.65 earnings per share for the current year.

Institutional Investors Weigh In On TotalEnergies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Robinswood Financial LLC bought a new position in shares of TotalEnergies in the 1st quarter worth $27,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of TotalEnergies during the 2nd quarter worth $30,000. Elyxium Wealth LLC bought a new stake in shares of TotalEnergies during the 4th quarter worth $33,000. SHP Wealth Management purchased a new position in TotalEnergies in the fourth quarter worth $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in TotalEnergies in the fourth quarter valued at $38,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.