TotalEnergies (NYSE:TTE) Announces Quarterly Earnings Results, Beats Expectations By $0.16 EPS

TotalEnergies (NYSE:TTE) announced its quarterly earnings data on Wednesday. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.16, Zacks reports. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%.

TotalEnergies Price Performance

TotalEnergies stock traded up $1.27 during trading hours on Wednesday, hitting $60.46. 426,035 shares of the company traded hands, compared to its average volume of 1,832,320. The firm’s 50-day simple moving average is $56.67 and its two-hundred day simple moving average is $62.67. The firm has a market cap of $142.76 billion, a P/E ratio of 8.57, a P/E/G ratio of 2.02 and a beta of 0.61. TotalEnergies has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were issued a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is currently 34.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TTE shares. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Scotiabank dropped their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

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.