Total (NYSE:TOT) Shares Gap Down to $38.30

Total SA (NYSE:TOT)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $39.12, but opened at $38.30. Total shares last traded at $37.66, with a volume of 3,342,569 shares traded.

TOT has been the topic of a number of research reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Total in a research note on Wednesday, July 15th. UBS Group restated a “buy” rating on shares of Total in a research note on Monday, June 15th. Jefferies Financial Group initiated coverage on Total in a research note on Thursday, July 16th. They set a “buy” rating on the stock. Wolfe Research cut Total from an “outperform” rating to a “peer perform” rating and set a $48.00 price target on the stock. in a research note on Tuesday, June 2nd. Finally, Zacks Investment Research upgraded Total from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Wednesday, July 15th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.50.

The firm has a market capitalization of $99.65 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 19.07 and a beta of 0.66. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.17 and a quick ratio of 1.00. The firm has a 50 day moving average price of $38.83 and a 200-day moving average price of $40.08.

Total (NYSE:TOT) last posted its quarterly earnings results on Thursday, July 30th. The oil and gas exploration company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.15. Total had a return on equity of 9.23% and a net margin of 4.24%. The company had revenue of $25.73 billion for the quarter. Equities research analysts predict that Total SA will post 1.25 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the business. Ellevest Inc. grew its holdings in shares of Total by 61.1% during the first quarter. Ellevest Inc. now owns 725 shares of the oil and gas exploration company’s stock worth $27,000 after purchasing an additional 275 shares during the last quarter. Forte Capital LLC ADV grew its holdings in shares of Total by 1.4% during the second quarter. Forte Capital LLC ADV now owns 20,310 shares of the oil and gas exploration company’s stock worth $781,000 after purchasing an additional 282 shares during the last quarter. Independence Bank of Kentucky grew its holdings in shares of Total by 40.0% during the second quarter. Independence Bank of Kentucky now owns 1,050 shares of the oil and gas exploration company’s stock worth $40,000 after purchasing an additional 300 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in shares of Total by 33.0% during the first quarter. FinTrust Capital Advisors LLC now owns 1,339 shares of the oil and gas exploration company’s stock worth $50,000 after purchasing an additional 332 shares during the last quarter. Finally, TCI Wealth Advisors Inc. grew its holdings in shares of Total by 91.0% during the second quarter. TCI Wealth Advisors Inc. now owns 869 shares of the oil and gas exploration company’s stock worth $33,000 after purchasing an additional 414 shares during the last quarter. 6.27% of the stock is currently owned by institutional investors.

About Total (NYSE:TOT)

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.

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