TotalEnergies (TTE) Set to Announce Earnings on Thursday

TotalEnergies (NYSE:TTE) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect TotalEnergies to post earnings of $1.96 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $64.65 on Tuesday. The company has a market capitalization of $152.67 billion, a price-to-earnings ratio of 7.33, a P/E/G ratio of 2.25 and a beta of 0.63. The firm’s 50 day simple moving average is $67.33 and its 200 day simple moving average is $68.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. TotalEnergies has a fifty-two week low of $62.59 and a fifty-two week high of $74.97.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Wolfe Research initiated coverage on TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. Scotiabank lowered their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.