How does TotalEnergies SE (TTE) change from a tortoise to a hare?

TotalEnergies SE (NYSE: TTE) stock jumped 0.36% on Friday to $47.97 against a previous-day closing price of $47.80. With 1.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.04 million shares. During the session, the Oil & Gas Integrated company that operates in wider Energy sector, reached to the highest price of $48.87 whereas the lowest price it dropped to was $47.92. The 52-week range on TTE shows that it touched its highest point at $61.15 and its lowest point at $45.57 during that stretch. It currently has a 1-year price target of $68.43. With its current market cap of 125.03 billion, TTE has annualized dividend of $2.86 while the current yield stands at 5.96%. Beta for the stock currently stands at 0.78.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TTE was down-trending over the past week, with a drop of -4.17%, but this was down by -12.35% over a month. Three-month performance dropped to -4.37% while six-month performance fell -5.98%. The stock gained 5.24% in the past year, while it has lost -3.01% so far this year. A look at the trailing 12-month EPS for TTE yields 7.87 with Next year EPS estimates of 12.31. For the next quarter, that number is 3.94. This implies an EPS growth rate of 303.90% for this year and -13.33% for next year. EPS is expected to grow by 3.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 18.70%.

Float and Shares Shorts:

At present, 2.61 billion TTE shares are outstanding with a float of 2.49 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 1.89 million, which was 0.07% higher than short shares on Jun 14, 2022. In addition to Mr. Patrick Pouyann√© as the firm’s Chairman, CEO & Pres, Mr. Jean-Pierre Sbraire serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 6.61% of TTE’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.94% of TTE, in contrast to 2.05% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TTE with 1.03% of the stake, Fisher Asset Management LLC holds 26,863,177 shares worth 26,863,177. A second-largest stockholder of TTE, T. Rowe Price Associates, Inc., holds 24,672,622 shares, controlling over 0.94% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in TTE, holding 9,853,377 shares or 0.38% stake. With a 0.23% stake in TTE, the Franklin Income Fund is the largest stakeholder. A total of 6,000,000 shares are owned by the mutual fund manager. The Fidelity Low Priced Stock Fund, which owns about 0.14% of TTE stock, is the second-largest Mutual Fund holder. It holds 3,525,055 shares valued at 178.05 million. Hartford Dividend & Growth Fund holds 0.13% of the stake in TTE, owning 3,469,054 shares worth 175.22 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TTE since 28 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 10 believe that the stock is worth HOLDING, 4 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With TTE analysts setting a high price target of $94.00 and a low target of $51.06, the average target price over the next 12 months is $64.41. Based on these targets, TTE could surge 95.96% to reach the target high and rise by 6.44% to reach the target low. Reaching the average price target will result in a growth of 34.27% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. TTE will report FY 2022 earnings on 02/09/2023. Analysts have provided yearly estimates in a range of $15.80 being high and $11.31 being low. For TTE, this leads to a yearly average estimate of $14.05. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. TotalEnergies SE surprised analysts by $0.06 when it reported $3.75 EPS against a consensus estimate of $3.69. The surprise factor in the prior quarter was $0.40. Based on analyst estimates, the high estimate for the next quarter is $4.83 and the low estimate is $3.37. The average estimate for the next quarter is thus $3.89.

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