Stock Rating Upgrade
The Value Trend Rating for TotalEnergies SE (NYSE: TTE) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
TotalEnergies SE (NYSE: TTE) stock declined slightly by -0.6% on 4/12/24. The stock closed at $72.49. However, trading volume in this decline was unusually low at 57% of normal. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TTE is expected to continue to be a major Value Builder.
TotalEnergies SE has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TotalEnergies SE has a neutral Power Rating of 59 but a good Appreciation Score of 82, producing the Positive Value Trend Rating.
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