TotalFinaElf, S.A. (TOT) Earns “Buy” Rating from Cowen and Company
TotalFinaElf, S.A. (NYSE:TOT)‘s stock had its “buy” rating reissued by analysts at Cowen and Company in a research note issued to investors on Tuesday. They presently have a $58.00 price target on the oil and gas exploration company’s stock. Cowen and Company’s price target would suggest a potential upside of 7.35% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Societe Generale reiterated a “buy” rating on shares of TotalFinaElf, in a research note on Wednesday, July 26th. ValuEngine upgraded TotalFinaElf, from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Canaccord Genuity raised TotalFinaElf, from a “hold” rating to a “buy” rating in a report on Friday, July 21st. Barclays PLC lowered TotalFinaElf, from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $50.30 to $57.00 in a report on Monday, August 21st. Finally, Scotiabank set a $52.00 target price on TotalFinaElf, and gave the company a “hold” rating in a report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $55.33.
Shares of TotalFinaElf, (NYSE:TOT) traded up 0.41% on Tuesday, hitting $54.03. The stock had a trading volume of 843,975 shares. The firm has a market cap of $134.59 billion, a price-to-earnings ratio of 18.63 and a beta of 0.74. TotalFinaElf, has a 12-month low of $45.05 and a 12-month high of $54.71. The stock has a 50 day moving average of $51.74 and a 200 day moving average of $51.04.
TotalFinaElf, (NYSE:TOT) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.01). The company had revenue of $39.92 billion during the quarter. TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%. Equities analysts predict that TotalFinaElf, will post $3.85 earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of the business. Miles Capital Inc. grew its holdings in shares of TotalFinaElf, by 0.3% during the second quarter. Miles Capital Inc. now owns 7,087 shares of the oil and gas exploration company’s stock worth $351,000 after purchasing an additional 20 shares during the last quarter. First Interstate Bank grew its holdings in shares of TotalFinaElf, by 1.8% during the second quarter. First Interstate Bank now owns 2,810 shares of the oil and gas exploration company’s stock worth $139,000 after purchasing an additional 50 shares during the last quarter. HL Financial Services LLC grew its holdings in shares of TotalFinaElf, by 0.7% during the first quarter. HL Financial Services LLC now owns 8,369 shares of the oil and gas exploration company’s stock worth $422,000 after purchasing an additional 60 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of TotalFinaElf, by 0.5% during the second quarter. Oppenheimer & Co. Inc. now owns 12,320 shares of the oil and gas exploration company’s stock worth $611,000 after purchasing an additional 62 shares during the last quarter. Finally, Shoker Investment Counsel Inc. grew its holdings in shares of TotalFinaElf, by 0.4% during the second quarter. Shoker Investment Counsel Inc. now owns 16,324 shares of the oil and gas exploration company’s stock worth $809,000 after purchasing an additional 66 shares during the last quarter. 5.41% of the stock is currently owned by institutional investors.
TotalFinaElf, Company Profile
Total SA (Total) is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a 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 a 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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