Total (NYSE:TOT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday, January 20th. The firm currently has a $65.00 price target on the oil and gas exploration company’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.78% from the stock’s current price.
According to Zacks, ” TOTAL continues to gain from new start-ups, joint ventures and acquisitions, which are helping it to boost production. Its decision to acquire Maersk Oil for $7.45 billion will further strengthen its position globally as an oil and gas operator. Going forward, the company will continue to benefit from its cost management initiatives. However, fluctuating commodity prices, operations in some politically troubled regions and increasing competition could impact the company’s profitability. Due to its global presence, it is also exposed to risks associated with doing business abroad.”
Other analysts have also issued reports about the company. Goldman Sachs Group restated a “buy” rating on shares of Total in a report on Monday, December 11th. JPMorgan Chase & Co. lowered Total from a “neutral” rating to an “underweight” rating in a report on Thursday, December 7th. Piper Jaffray Companies restated a “hold” rating and issued a $53.00 price target on shares of Total in a report on Thursday, October 19th. Royal Bank of Canada downgraded Total from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 26th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $19.00 target price on shares of Total in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $51.22.
Total (NYSE:TOT) traded up $1.09 during mid-day trading on Friday, reaching $57.13. The company’s stock had a trading volume of 1,109,336 shares, compared to its average volume of 1,926,369. The company has a current ratio of 1.47, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $138,986.63, a price-to-earnings ratio of 17.05, a PEG ratio of 1.44 and a beta of 0.77. Total has a 52-week low of $48.15 and a 52-week high of $59.57.
Total (NYSE:TOT) last posted its earnings results on Thursday, February 8th. The oil and gas exploration company reported $1.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The firm had revenue of $47.35 billion for the quarter. Total had a return on equity of 9.64% and a net margin of 5.03%. sell-side analysts expect that Total will post 4.83 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of Total in the fourth quarter valued at approximately $110,000. Perennial Advisors LLC acquired a new position in shares of Total in the third quarter valued at approximately $120,000. Premia Global Advisors LLC acquired a new position in shares of Total in the fourth quarter valued at approximately $134,000. Bank of Nova Scotia Trust Co. acquired a new position in shares of Total in the third quarter valued at approximately $147,000. Finally, Lenox Wealth Management Inc. grew its position in shares of Total by 46.0% in the third quarter. Lenox Wealth Management Inc. now owns 2,915 shares of the oil and gas exploration company’s stock valued at $157,000 after purchasing an additional 919 shares during the last quarter. 5.44% of the stock is currently owned by institutional investors.
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Total Company Profile
Total SA (Total) is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies.
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