TotalEnergies SE (NYSE:TTE) finished Wednesday with an addition of $1.17 to close at $63.71, an upside of 1.87 percent. An average of 1,193,451 shares of common stock have been traded in the last five days. There was a gain of $4.44 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 1,150,073 shares traded, while the 50-day average volume stands at 1,395,399.
TTE stock has increased by 9.11% in the last month. The company shares reached their 1-month lowest point of $56.84 on 07/11/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $43.84 and a high of $65.05 in 52 weeks. It has reached a new high 6 times so far this year and achieved 2.63% or $1.64 in price. In spite of this, the price is down -2.06% from the 52-week high.
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Valuation Metrics
TotalEnergies SE (TTE) has a trailing price-to-earnings (P/E) ratio of 8.30. The stock’s beta is 0.81. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.65, the price-to-book (PB) ratio at 1.36, and the price-to-cash flow ratio at 12.27.
The company has a payout ratio of 52.10%. The company’s most recent quarterly dividend payment was $0.5850 a share, representing a up of 7.73% from $0.5430 last year. Its latest increase dividend $0.0420 reported on Wednesday May 31 2023.
Financial Health
The quick ratio of TotalEnergies SE for the three months ended June 29 was 1.00, and the current ratio was 1.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.36 and a total debt to equity ratio of 0.49 for the quarter ending June 29. TotalEnergies SE’s EBITDA margin for the year ending June 29 is 23.84%, while its operating margin for the same period stands at 16.30%. Its gross profit as reported stood at $93.86 billion compared to revenue of $263.31 billion.
Earnings Surprise
For the three-month period that ended June 29, TotalEnergies SE had $167.0 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $20.53 billion in the quarter, while revenues were grew 21.89%. The analyst consensus anticipated TotalEnergies SE’s latest quarter earnings to come in at $2.22 per share, but it turned out to be $1.99, a -10.40% surprise. For the quarter, EBITDA amounted to $9.54 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at TotalEnergies SE (TTE) price momentum. RSI 9-day as of the close on 09 August was 72.87%, suggesting the stock is Overbought, with historical volatility in this time frame at 28.53%.
As of today, TTE’s price is $61.75 +7.49% or $4.44 from its 5-day moving average. TTE is currently trading +8.13% higher than its 20-day SMA and +12.26% higher than its 100-day SMA. However, the stock’s current price level is +10.15% above the SMA50 and +22.12% above the SMA200.
The stochastic %K and %D were 89.16% and 86.21%, respectively, and the average true range (ATR) was 1.40. With the 14-day stochastic at 93.34% and the average true range at 1.32, the RSI (14) stands at 67.31%. The stock has reached 1.53 on the 9-day MACD Oscillator while the 14-day reading was at 1.85.
Analyst Ratings
Morgan Stanley upgraded TotalEnergies SE (NYSE: TTE) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal-weight.
What is TTE’s price target for the next 12 months?
Analysts predict a range of price targets between $50.76 and $82.35, with a median target of $70.12. Taking a look at these predictions, the average price target given by analysts for TotalEnergies SE (TTE) stock is $69.92.
