TotalEnergies SE (NYSE: TTE) has reported earnings for its second fiscal quarter (ending June 30) of $1.61 versus $1.65 for the same period a year ago — a decline of -2%. This result fell short of the consensus estimate of $2.19 by $-0.58. E.P.S. were $8.89 for the latest four quarters through June 30 versus $7.73 for the same period a year ago — an increase of 15%.
Recent Price Action
On 7/25/24, TotalEnergies SE (NYSE: TTE) stock rose modestly by 0.6%, closing at $67.63. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -1.2% during the last week.
Current PriceTarget Research Rating
TTE is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
TotalEnergies SE has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. TotalEnergies SE has a neutral Power Rating of 50 but a very high Appreciation Score of 90, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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