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

TotalEnergies (NYSE:TTE) issued its quarterly 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. The business had revenue of $53.74 billion for the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.93%. During the same period last year, the business earned $1.99 earnings per share.

TotalEnergies Stock Performance

TTE stock traded up $0.22 on Friday, hitting $67.85. The company had a trading volume of 696,878 shares, compared to its average volume of 1,114,663. TotalEnergies has a 12-month low of $57.97 and a 12-month high of $74.97. The stock’s 50-day simple moving average is $68.99 and its 200 day simple moving average is $68.45. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. The stock has a market cap of $160.22 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 1.67 and a beta of 0.64.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wolfe Research assumed coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price target on the stock. Scotiabank cut their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Finally, Piper Sandler raised their price target on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, April 18th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, TotalEnergies has an average rating of “Hold” and a consensus target price of $76.00.

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.