TotalEnergies (NYSE:TTE) Posts Earnings Results, Beats Expectations By $0.16 EPS

TotalEnergies (NYSE:TTE) issued its earnings results on Wednesday. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16, Zacks reports. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%.

TotalEnergies Stock Up 2.1 %

Shares of TTE stock traded up $1.27 during trading on Wednesday, hitting $60.46. 426,035 shares of the company were exchanged, compared to its average volume of 1,832,320. The firm has a market capitalization of $142.76 billion, a price-to-earnings ratio of 8.57, a P/E/G ratio of 2.02 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The business’s 50-day simple moving average is $56.67 and its 200 day simple moving average is $62.67. TotalEnergies has a twelve month low of $53.29 and a twelve month high of $74.97.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.04%.

Analyst Ratings Changes

A number of brokerages have recently commented on TTE. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Finally, BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.42.

About TotalEnergies

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.