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

TotalEnergies (NYSE:TTE) released its earnings results on Wednesday. The company reported $1.90 EPS for the quarter, beating 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 0.2 %

Shares of TTE traded up $0.12 during mid-day trading on Friday, reaching $61.04. 215,229 shares of the stock traded hands, compared to its average volume of 1,817,685. The firm has a market cap of $144.13 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 2.02 and a beta of 0.61. The stock has a fifty day simple moving average of $56.81 and a 200 day simple moving average of $62.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TTE shares. Piper Sandler dropped their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Finally, Scotiabank cut their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.