Total (NYSE:TOT) Downgraded by ValuEngine

ValuEngine downgraded shares of Total (NYSE:TOT) from a hold rating to a sell rating in a research report released on Thursday, ValuEngine reports.

A number of other research analysts also recently issued reports on the company. Deutsche Bank reiterated a buy rating on shares of Total in a research note on Tuesday, April 9th. HSBC reiterated a buy rating and set a $58.50 price objective on shares of Total in a research note on Thursday, May 23rd. Citigroup downgraded Total from a buy rating to a neutral rating in a research note on Tuesday, May 7th. Credit Suisse Group reiterated a buy rating and set a $58.00 price objective on shares of Total in a research note on Monday, July 15th. Finally, Zacks Investment Research upgraded Total from a hold rating to a buy rating and set a $62.00 price objective for the company in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $53.08.

Shares of NYSE:TOT traded down $1.54 during mid-day trading on Thursday, reaching $49.39. 4,046,160 shares of the company traded hands, compared to its average volume of 1,842,508. The stock’s 50 day simple moving average is $54.70. The company has a market capitalization of $127.04 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 1.29 and a beta of 0.67. The company has a current ratio of 1.25, a quick ratio of 1.00 and a debt-to-equity ratio of 0.38. Total has a 52 week low of $49.18 and a 52 week high of $65.69.

Total (NYSE:TOT) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas exploration company reported $1.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.18). The company had revenue of $51.24 billion for the quarter. Total had a net margin of 5.23% and a return on equity of 10.68%. On average, analysts forecast that Total will post 4.94 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Acima Private Wealth LLC boosted its stake in Total by 28.2% in the 1st quarter. Acima Private Wealth LLC now owns 864 shares of the oil and gas exploration company’s stock worth $48,000 after purchasing an additional 190 shares during the period. V Wealth Advisors LLC boosted its stake in Total by 2.2% in the 2nd quarter. V Wealth Advisors LLC now owns 8,954 shares of the oil and gas exploration company’s stock worth $505,000 after purchasing an additional 195 shares during the period. First American Bank boosted its stake in Total by 0.7% in the 2nd quarter. First American Bank now owns 31,099 shares of the oil and gas exploration company’s stock worth $1,735,000 after purchasing an additional 210 shares during the period. Mitchell Capital Management Co. boosted its stake in Total by 2.6% in the 1st quarter. Mitchell Capital Management Co. now owns 8,465 shares of the oil and gas exploration company’s stock worth $471,000 after purchasing an additional 212 shares during the period. Finally, Hartford Investment Management Co. boosted its stake in Total by 4.4% in the 1st quarter. Hartford Investment Management Co. now owns 5,208 shares of the oil and gas exploration company’s stock worth $290,000 after purchasing an additional 218 shares during the period. Institutional investors and hedge funds own 6.60% of the company’s stock.

About Total

TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.

Further Reading: What can cause a stock to outperform?

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Analyst Recommendations for Total (NYSE:TOT)

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