Erste Group Bank Lowers Earnings Estimates for TotalEnergies

TotalEnergies SE Sponsored ADR (NYSE:TTE) – Stock analysts at Erste Group Bank dropped their FY2027 earnings per share estimates for TotalEnergies in a research report issued on Tuesday, May 12th. Erste Group Bank analyst H. Engel now anticipates that the company will post earnings per share of $9.79 for the year, down from their previous forecast of $9.85. The consensus estimate for TotalEnergies’ current full-year earnings is $10.59 per share.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%.

A number of other brokerages have also recently commented on TTE. Piper Sandler raised their price target on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Finally, Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $93.46 on Tuesday. The firm has a market cap of $224.09 billion, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 3.28 and a beta of 0.14. The firm’s 50-day simple moving average is $88.99 and its 200-day simple moving average is $75.65. TotalEnergies has a twelve month low of $57.26 and a twelve month high of $94.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

Institutional Trading of TotalEnergies

Hedge funds have recently modified their holdings of the company. Amundi bought a new stake in TotalEnergies during the 1st quarter worth approximately $18,868,822,000. Vanguard Group Inc. acquired a new position in TotalEnergies in the fourth quarter worth $5,337,330,000. Capital International Investors boosted its stake in TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after purchasing an additional 49,245,192 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of TotalEnergies by 21,398.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after purchasing an additional 40,192,677 shares during the last quarter. Finally, Caisse Des Depots ET Consignations bought a new stake in shares of TotalEnergies during the fourth quarter worth $1,982,676,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Company Profile

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.