Total (NYSE:TOT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Shares of TOTAL have returned better than the industry it belongs to in the last 12 months. Fourth-quarter earnings of the company were better than expected due to higher oil production and improvement in commodity prices. Going forward, the company will benefit further from upstream startups and cost management initiatives. It continues to gain from strategic acquisitions and asset divestures, which will further strengthen the portfolio. The company is utilizing its strong cash flow generating capacity to strengthen its balance sheet, pay dividend and buy back shares. However, 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.”
TOT has been the subject of several other reports. Goldman Sachs Group restated a “buy” rating on shares of Total in a research note on Monday, December 11th. Raymond James Financial upgraded shares of Total from an “outperform” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Canaccord Genuity reiterated a “buy” rating and set a $19.00 price objective on shares of Total in a research note on Tuesday, January 16th. Morgan Stanley upgraded shares of Total from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, February 13th. Finally, JPMorgan Chase & Co. downgraded shares of Total from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Total currently has a consensus rating of “Hold” and an average target price of $51.22.
Shares of Total (TOT) opened at $56.64 on Tuesday. The firm has a market cap of $145,620.00, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 1.48 and a beta of 0.79. Total has a one year low of $48.15 and a one year high of $59.57. The company has a quick ratio of 1.21, a current ratio of 1.50 and a debt-to-equity ratio of 0.36.
Total (NYSE:TOT) last announced its earnings results on Thursday, February 8th. The oil and gas exploration company reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.04. The company had revenue of $47.35 billion during the quarter. Total had a net margin of 5.03% and a return on equity of 9.55%. equities research analysts anticipate that Total will post 4.83 EPS for the current year.
Large investors have recently bought and sold shares of the company. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in shares of Total during the fourth quarter worth $110,000. Perennial Advisors LLC purchased a new position in shares of Total during the third quarter worth $120,000. Premia Global Advisors LLC purchased a new position in shares of Total during the fourth quarter worth $134,000. Bank of Nova Scotia Trust Co. purchased a new position in shares of Total during the third quarter worth $147,000. Finally, Lenox Wealth Management Inc. raised its holdings in shares of Total by 46.0% during the third quarter. Lenox Wealth Management Inc. now owns 2,915 shares of the oil and gas exploration company’s stock worth $157,000 after purchasing an additional 919 shares during the last quarter. Institutional investors and hedge funds own 5.49% of the company’s stock.
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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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