Total (NYSE:TOT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday, Zacks.com reports. The brokerage currently has a $63.00 price objective on the oil and gas exploration company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.66% from the company’s current price.
According to Zacks, “TOTAL continues to benefit from strong contribution from new startups and its expanding upstream portfolio that has above industry average exposure to the faster-growing hydrocarbon producing regions of the world. The company is utilizing its strong cash-flow generating capacity to strengthen balance sheet and repurchase outstanding shares, in turn positively impacting earnings. The ongoing cost-saving initiatives are likely to have a positive impact on its margins. Strategic acquisitions are aiding the company to expand its footprint in the renewable energy space. Shares of TOTAL have outperformed its industry in the past 24 months. However, operations in some politically-troubled regions and increasing competition might impact the company’s profitability. Due to its global presence, it is exposed to risks associated with pursuing business abroad.”
Other equities analysts have also recently issued research reports about the company. Deutsche Bank reaffirmed a “buy” rating on shares of Total in a report on Tuesday, April 9th. GMP Securities reaffirmed a “buy” rating and issued a $16.00 price target on shares of Total in a report on Tuesday, January 8th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Total in a report on Friday, January 4th. Finally, Cowen started coverage on Total in a report on Thursday, January 31st. They issued an “outperform” rating for the company. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $44.33.
Total stock traded up $0.08 during trading hours on Monday, hitting $56.42. The stock had a trading volume of 66,064 shares, compared to its average volume of 1,335,693. The company has a quick ratio of 1.04, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. The stock has a market cap of $140.53 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.64. Total has a fifty-two week low of $49.70 and a fifty-two week high of $65.69.
Total (NYSE:TOT) last posted its quarterly earnings results on Thursday, February 7th. The oil and gas exploration company reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. The firm had revenue of $52.50 billion during the quarter. Total had a return on equity of 11.24% and a net margin of 5.47%. On average, analysts expect that Total will post 5.29 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC raised its holdings in shares of Total by 11,725.0% in the 4th quarter. Sound Income Strategies LLC now owns 473 shares of the oil and gas exploration company’s stock worth $25,000 after buying an additional 469 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in shares of Total in the 1st quarter worth approximately $25,000. Essex Savings Bank acquired a new position in shares of Total in the 4th quarter worth approximately $27,000. Berman Capital Advisors LLC acquired a new position in shares of Total in the 4th quarter worth approximately $32,000. Finally, Acima Private Wealth LLC acquired a new position in shares of Total in the 4th quarter worth approximately $35,000. 6.14% of the stock is owned by institutional investors and hedge funds.
Total Company Profile
TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services segments. The Exploration & Production segment engages in the exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.
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