TotalFinaElf, S.A. (TOT) to Post Q3 2017 Earnings of $1.08 Per Share, Jefferies Group Forecasts
TotalFinaElf, S.A. (NYSE:TOT) – Equities researchers at Jefferies Group issued their Q3 2017 earnings per share estimates for shares of TotalFinaElf, in a research note issued to investors on Thursday. Jefferies Group analyst M. Kofler forecasts that the oil and gas exploration company will post earnings per share of $1.08 for the quarter.
A number of other research analysts also recently weighed in on the company. Scotiabank set a $54.00 price objective on TotalFinaElf, and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Canaccord Genuity raised TotalFinaElf, from a “hold” rating to a “buy” rating in a research note on Friday, July 21st. Societe Generale reissued a “buy” rating on shares of TotalFinaElf, in a research note on Wednesday, July 26th. ValuEngine raised TotalFinaElf, from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Barclays PLC downgraded TotalFinaElf, from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $50.30 to $57.00 in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TotalFinaElf, currently has a consensus rating of “Hold” and a consensus target price of $55.40.
Shares of TotalFinaElf, (NYSE:TOT) opened at 54.16 on Monday. The firm has a market cap of $134.91 billion, a P/E ratio of 18.68 and a beta of 0.75. TotalFinaElf, has a 12 month low of $45.05 and a 12 month high of $55.04. The firm has a 50-day moving average of $53.63 and a 200 day moving average of $51.69.
TotalFinaElf, (NYSE:TOT) last issued 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 Thomson Reuters’ consensus estimate of $0.98 by ($0.01). TotalFinaElf, had a net margin of 4.59% and a return on equity of 9.07%. The firm had revenue of $39.92 billion during the quarter.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Shareholders of record on Friday, September 22nd were given a $0.7416 dividend. This is an increase from TotalFinaElf,’s previous quarterly dividend of $0.69. This represents a $2.97 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend was Thursday, September 21st. TotalFinaElf,’s payout ratio is currently 80.41%.
A number of hedge funds and other institutional investors have recently modified their holdings of TOT. Teachers Retirement System of The State of Kentucky bought a new position in TotalFinaElf, in the 1st quarter worth approximately $41,274,000. Sound Shore Management Inc. CT increased its position in TotalFinaElf, by 20.7% in the 2nd quarter. Sound Shore Management Inc. CT now owns 3,871,102 shares of the oil and gas exploration company’s stock worth $191,968,000 after buying an additional 663,620 shares during the period. Federated Investors Inc. PA increased its position in TotalFinaElf, by 19.4% in the 2nd quarter. Federated Investors Inc. PA now owns 3,263,793 shares of the oil and gas exploration company’s stock worth $161,851,000 after buying an additional 529,941 shares during the period. Point72 Asset Management L.P. bought a new position in TotalFinaElf, in the 1st quarter worth approximately $18,403,000. Finally, Ameriprise Financial Inc. increased its position in TotalFinaElf, by 12.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,480,198 shares of the oil and gas exploration company’s stock worth $73,405,000 after buying an additional 158,455 shares during the period. 5.40% 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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