TotalEnergies (NYSE:TTE) Announces Quarterly Earnings Results, Misses Estimates By $0.13 EPS

TotalEnergies (NYSE:TTE) released its earnings results on Thursday. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13), Zacks reports. TotalEnergies had a return on equity of 17.93% and a net margin of 9.49%. The firm had revenue of $53.74 billion during the quarter, compared to analysts’ expectations of $60.45 billion. During the same period in the prior year, the business earned $1.99 earnings per share.

TotalEnergies Price Performance

TTE stock traded up $0.22 during mid-day trading on Friday, reaching $67.85. 696,878 shares of the company traded hands, compared to its average volume of 1,114,663. TotalEnergies has a 52-week low of $57.97 and a 52-week high of $74.97. The company has a market capitalization of $160.22 billion, a P/E ratio of 7.66, a P/E/G ratio of 1.67 and a beta of 0.64. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. The company has a fifty day moving average price of $68.99 and a 200-day moving average price of $68.45.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TTE. Piper Sandler increased their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Scotiabank reduced their target price on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Wolfe Research initiated coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $76.00.

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.