TotalEnergies (NYSE:TTE) Shares Gap Down to $67.75

Shares of TotalEnergies SE (NYSE:TTE) gapped down before the market opened on Wednesday . The stock had previously closed at $67.75, but opened at $66.26. TotalEnergies shares last traded at $66.27, with a volume of 220,666 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TTE. Scotiabank lifted their target price on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler lifted their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $70.75.

TotalEnergies Trading Up 0.5 %

The company has a market cap of $156.53 billion, a price-to-earnings ratio of 7.51, a P/E/G ratio of 1.65 and a beta of 0.67. The firm has a fifty day moving average price of $70.80 and a 200 day moving average price of $68.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.09.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.18. The firm had revenue of $56.28 billion during the quarter, compared to analysts’ expectations of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. As a group, equities analysts predict that TotalEnergies SE will post 9.16 EPS for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Institutional investors have recently bought and sold shares of the business. Key Financial Inc increased its holdings in shares of TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of TotalEnergies by 310.0% in the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after purchasing an additional 310 shares during the last quarter. Evolution Advisers Inc. bought a new position in shares of TotalEnergies in the fourth quarter valued at about $29,000. Pathway Financial Advisers LLC acquired a new stake in shares of TotalEnergies during the 1st quarter worth about $29,000. Finally, Frazier Financial Advisors LLC bought a new stake in shares of TotalEnergies during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 13.22% of the company’s stock.

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.