TotalEnergies SE (NYSE: TTE) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
TotalEnergies SE (NYSE: TTE) has benefited from slight positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. TotalEnergies SE has a very high Appreciation Score of 90 but a neutral Power Rating of 48, and the Positive Value Trend Rating results.
Recent Price Action
On 8/26/24, TotalEnergies SE (NYSE: TTE) stock rose modestly by 1.0%, closing at $70.42. Moreover, trading volume in this advance was exceptionally high at 204% of normal. The stock has performed in line with the market over the last nine months and has risen 2.6% during the last week.
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