TotalEnergies (TTE) Expected to Announce Quarterly Earnings on Wednesday

TotalEnergies (NYSE:TTE) is expected to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect TotalEnergies to post earnings of $1.74 per share and revenue of $42.77 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $57.59 on Tuesday. The stock’s fifty day simple moving average is $56.64 and its 200 day simple moving average is $62.74. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $136.00 billion, a PE ratio of 8.17, a PEG ratio of 2.02 and a beta of 0.61. TotalEnergies has a 12 month low of $53.29 and a 12 month high of $74.97.

TotalEnergies Cuts Dividend

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

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler lowered their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Scotiabank dropped their price objective 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. Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six 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.com, the company 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.