Credit Agricole SA Analysts Lower Earnings Estimates for Total SA (TOT)
Total SA (NYSE:TOT) – Credit Agricole SA reduced their FY2016 EPS estimates for Total SA in a research note issued on Wednesday. Credit Agricole SA analyst A. Sen now forecasts that the brokerage will post earnings per share of $3.39 for the year, down from their prior estimate of $3.40.
Other equities research analysts also recently issued reports about the company. Morgan Stanley downgraded Total SA from an “overweight” rating to an “equal weight” rating in a report on Thursday, June 30th. Barclays PLC upgraded shares of Total SA from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 4th. TheStreet upgraded shares of Total SA from a “hold” rating to a “buy” rating in a research note on Thursday, July 14th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Total SA in a research note on Thursday, July 21st. Finally, Bank of America Corp. cut shares of Total SA from a “buy” rating to a “neutral” rating in a research note on Friday, July 15th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $53.90.
Shares of Total SA (NYSE:TOT) traded down 0.72% during trading on Thursday, reaching $48.00. The company’s stock had a trading volume of 637,676 shares. Total SA has a 12 month low of $39.05 and a 12 month high of $52.13. The company has a market capitalization of $114.69 billion, a P/E ratio of 37.88 and a beta of 1.04. The company’s 50-day moving average is $47.81 and its 200-day moving average is $47.79.
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Several hedge funds have recently modified their holdings of TOT. FTB Advisors Inc. boosted its stake in shares of Total SA by 3.1% in the second quarter. FTB Advisors Inc. now owns 2,102 shares of the oil and gas exploration company’s stock valued at $100,000 after buying an additional 64 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its stake in shares of Total SA by 0.5% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,241 shares of the oil and gas exploration company’s stock valued at $108,000 after buying an additional 11 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Total SA by 73.2% in the second quarter. Signaturefd LLC now owns 2,679 shares of the oil and gas exploration company’s stock valued at $129,000 after buying an additional 1,132 shares during the last quarter. First Personal Financial Services boosted its stake in shares of Total SA by 58.6% in the second quarter. First Personal Financial Services now owns 2,696 shares of the oil and gas exploration company’s stock valued at $130,000 after buying an additional 996 shares during the last quarter. Finally, Edge Wealth Management LLC acquired a new stake in shares of Total SA during the third quarter valued at approximately $138,000. Institutional investors own 6.31% of the company’s stock.
About Total SA
Total SA (Total) is an oil and gas company. It has three segments: the Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas; the Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and the Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies.
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