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

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

TotalEnergies Stock Up 2.0 %

Shares of NYSE TTE opened at $60.36 on Thursday. The company has a market cap of $142.53 billion, a price-to-earnings ratio of 8.56, a PEG ratio of 2.02 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average is $56.74 and its 200 day moving average is $62.65. TotalEnergies has a 52 week low of $53.29 and a 52 week high of $74.97.

TotalEnergies Cuts Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Scotiabank dropped their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Piper Sandler reduced their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and an average target price 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.