Piper Sandler Issues Pessimistic Forecast for TotalEnergies (NYSE:TTE) Stock Price

TotalEnergies (NYSE:TTE) had its price objective lowered by research analysts at Piper Sandler from $77.00 to $62.00 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price indicates a potential upside of 14.50% from the company’s current price.

TTE has been the subject of several other research reports. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Scotiabank lowered their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $74.50.

TotalEnergies Trading Up 0.9 %

NYSE TTE opened at $54.15 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market cap of $127.87 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 1.93 and a beta of 0.61. The firm has a 50 day simple moving average of $60.22 and a 200-day simple moving average of $65.28. TotalEnergies has a one year low of $53.29 and a one year high of $74.97.

Institutional Investors Weigh In On TotalEnergies

Several institutional investors have recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new stake in TotalEnergies during the third quarter worth approximately $26,000. Continuum Advisory LLC grew its position in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the last quarter. Larson Financial Group LLC raised its stake in TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares in the last quarter. Boit C F David purchased a new stake in TotalEnergies in the third quarter valued at $32,000. Finally, Maryland Capital Advisors Inc. acquired a new position in TotalEnergies in the third quarter valued at $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

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.