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

Shares of TotalEnergies SE (NYSE:TTE) gapped up prior to trading on Tuesday . The stock had previously closed at $62.12, but opened at $63.52. TotalEnergies shares last traded at $63.88, with a volume of 247,751 shares trading hands.

Wall Street Analyst Weigh In

TTE has been the topic of a number of research reports. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Piper Sandler lowered their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Up 1.8 %

The firm has a market cap of $151.61 billion, a price-to-earnings ratio of 9.49, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $60.48 and its 200 day moving average is $61.12.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Analysts forecast that TotalEnergies SE will post 8.02 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

Several large investors have recently made changes to their positions in the business. FSA Wealth Management LLC bought a new stake in TotalEnergies during the third quarter worth approximately $26,000. Continuum Advisory LLC lifted its position in shares of TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after acquiring an additional 183 shares during the last quarter. Asset Planning Inc bought a new stake in shares of TotalEnergies during the 4th quarter worth $31,000. Bernard Wealth Management Corp. acquired a new position in shares of TotalEnergies in the 4th quarter worth $32,000. Finally, HHM Wealth Advisors LLC raised its position in shares of TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Company Profile

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.