Total (TOT) Upgraded at Zacks Investment Research

Total (NYSE:TOT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Saturday. The brokerage presently has a $65.00 price objective on the oil and gas exploration company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 12.17% from the stock’s previous close.

According to Zacks, ” TOTAL continues to gain from new start-ups, joint ventures and acquisitions, which are helping it to boost production. Its decision to acquire Maersk Oil for $7.45 billion will further strengthen its position globally as an oil and gas operator. Going forward, the company will continue to benefit from its cost management initiatives. However, fluctuating commodity prices, operations in some politically troubled regions and increasing competition could impact the company’s profitability. Due to its global presence, it is also exposed to risks associated with doing business abroad.”

Several other equities analysts have also recently weighed in on TOT. Royal Bank of Canada cut shares of Total from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $53.00 target price on shares of Total in a research note on Thursday, October 19th. Cowen reaffirmed a “buy” rating and set a $58.00 target price on shares of Total in a research note on Tuesday, October 24th. TD Securities reaffirmed a “buy” rating and set a $20.00 target price on shares of Total in a research note on Friday, November 24th. Finally, JPMorgan Chase & Co. cut shares of Total from a “neutral” rating to an “underweight” rating in a research note on Thursday, December 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. Total has a consensus rating of “Hold” and an average target price of $48.63.

Shares of Total (NYSE TOT) traded down $0.16 during mid-day trading on Friday, hitting $57.95. 876,075 shares of the stock traded hands, compared to its average volume of 1,660,000. The company has a market cap of $146,070.00, a P/E ratio of 18.28, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79. Total has a 12-month low of $48.15 and a 12-month high of $59.41. The company has a quick ratio of 1.18, a current ratio of 1.47 and a debt-to-equity ratio of 0.36.

Total (NYSE:TOT) last posted its earnings results on Friday, October 27th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.07 by ($0.03). The company had revenue of $43.04 billion for the quarter. Total had a net margin of 4.90% and a return on equity of 9.39%. equities analysts expect that Total will post 4.15 earnings per share for the current year.

Several large investors have recently modified their holdings of the business. Ingalls & Snyder LLC purchased a new position in shares of Total in the 4th quarter worth $1,232,000. Viking Fund Management LLC grew its stake in shares of Total by 278.9% in the 4th quarter. Viking Fund Management LLC now owns 3,600 shares of the oil and gas exploration company’s stock worth $199,000 after buying an additional 2,650 shares in the last quarter. First Bank & Trust grew its stake in shares of Total by 19.7% in the 4th quarter. First Bank & Trust now owns 28,524 shares of the oil and gas exploration company’s stock worth $1,577,000 after buying an additional 4,686 shares in the last quarter. Anderson Hoagland & Co. purchased a new position in shares of Total in the 4th quarter worth $1,824,000. Finally, Berkshire Asset Management LLC PA purchased a new position in shares of Total in the 4th quarter worth $683,000. 5.38% of the stock is owned by institutional investors and hedge funds.

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About Total

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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