TotalEnergies (NYSE:TTE) Shares Gap Up - Still a Buy?

Shares of TotalEnergies SE (NYSE:TTE) saw a notable price increase as they gapped up before trading on Tuesday. The stock closed the previous trading session at $62.12, but opened significantly higher at $63.52. By the end of the trading day, TotalEnergies shares were last seen at $63.88, with a trading volume of 247,751 shares.

Wall Street Analyst Perspectives

Recent updates from analysts suggest varying opinions on TotalEnergies. Redburn Atlantic upgraded the company's rating from "hold" to "strong-buy" in a report dated January 23rd. Conversely, BNP Paribas downgraded TotalEnergies from "outperform" to "neutral" on November 27th. Piper Sandler also reduced their price target from $77.00 to $62.00 and maintained a "neutral" rating as of December 19th. Morgan Stanley reiterated an "equal weight" rating and adjusted its price objective down to $64.10 from $70.40 on January 7th. Royal Bank of Canada, however, upgraded their stance from "sector perform" to "outperform" on December 5th. According to MarketBeat.com, six analysts hold a "hold" rating on the stock, two recommend buying, and three suggest a strong buy, leading to an average rating of "Moderate Buy" alongside a consensus target price of $72.42.

TotalEnergies Stock Performance

TotalEnergies' stock is up by 1.8%. The company has a market capitalization of $151.61 billion, with a price-to-earnings ratio of 9.49 and a price-to-earnings-growth ratio of 0.98. Its beta stands at 0.56. The quick ratio is recorded at 0.88, the current ratio at 1.10, and the debt-to-equity ratio is 0.36. The stock is currently trading above its 50-day moving average of $60.48 and its 200-day moving average of $61.12.

Recent Earnings Report

TotalEnergies recently announced its quarterly earnings on February 5th, reporting an earnings per share (EPS) of $1.90, exceeding analysts’ expectations of $1.74 by $0.16. The company boasts a return on equity of 15.22% and a net margin of 7.34%. Looking ahead, analysts projections indicate that TotalEnergies SE is expected to post an EPS of 8.02 for the current year.

Institutional Investor Activity

Recent shifts in shareholding show that several institutional investors have adjusted their positions in TotalEnergies. FSA Wealth Management LLC purchased a new stake worth approximately $26,000 in the third quarter. Meanwhile, Continuum Advisory LLC increased its holdings by 70.4% in the same quarter, now owning a total of 443 shares valued at $27,000 after buying an additional 183 shares. Other investors such as Asset Planning Inc. and Bernard Wealth Management Corp. have also acquired new stakes in the company. As it stands, institutional investors hold around 16.53% of TotalEnergies’ stock.

Company Overview

TotalEnergies SE is a multi-energy company involved in producing and marketing oil, biofuels, natural gas, green gases, renewables, and electricity. Its operations span across various regions, including France, Europe, North America, Africa, and other international markets. The company operates through five main segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.

Investment Considerations

Before making an investment decision, it is essential to evaluate TotalEnergies thoroughly. While analysts currently rate the stock as a Moderate Buy, they suggest that other stocks may offer better opportunities. Investors should consider consulting with financial advisors and conducting comprehensive research before proceeding with investments.

TotalEnergies, Stocks, Investment