TotalEnergies (NYSE:TTE) Issues Quarterly Earnings Results

TotalEnergies (NYSE:TTE) released its quarterly earnings data on Thursday. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13), Zacks reports. The firm had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.93%. During the same quarter last year, the business posted $1.99 earnings per share.

TotalEnergies Price Performance

NYSE TTE traded up $0.22 during trading hours on Friday, reaching $67.85. 696,878 shares of the stock traded hands, compared to its average volume of 1,114,663. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $68.99 and a two-hundred day simple moving average of $68.45. TotalEnergies has a 1 year low of $57.97 and a 1 year high of $74.97. The company has a market cap of $160.22 billion, a price-to-earnings ratio of 7.66, a price-to-earnings-growth ratio of 1.67 and a beta of 0.64.

Analyst Ratings Changes

Several research firms have recently weighed in on TTE. Piper Sandler upped their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th. Scotiabank decreased their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Finally, Wolfe Research started coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target for the company. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $76.00.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.