Zacks Investment Research lowered shares of Total (NYSE:TOT) from a buy rating to a hold rating in a research note released on Tuesday morning.
According to Zacks, “Shares of TOTAL have returned better than the industry it belongs to in the last 12 months. Fourth-quarter earnings of the company were better than expected due to higher oil production and improvement in commodity prices. Going forward, the company will benefit further from upstream startups and cost management initiatives. It continues to gain from strategic acquisitions and asset divestures, which will further strengthen the portfolio. The company is utilizing its strong cash flow generating capacity to strengthen its balance sheet, pay dividend and buy back shares. However, 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.”
TOT has been the topic of a number of other research reports. Goldman Sachs Group restated a buy rating on shares of Total in a research report on Monday, December 11th. Raymond James Financial upgraded shares of Total from an outperform rating to a strong-buy rating in a research report on Tuesday, February 13th. Canaccord Genuity restated a buy rating and issued a $19.00 price target on shares of Total in a research report on Tuesday, January 16th. Morgan Stanley upgraded shares of Total from an equal weight rating to an overweight rating in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. lowered shares of Total from a neutral rating to an underweight rating in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $51.22.
Total (NYSE:TOT) opened at $57.03 on Tuesday. The stock has a market cap of $145,310.00, a P/E ratio of 17.02, a PEG ratio of 1.48 and a beta of 0.79. Total has a 1 year low of $48.15 and a 1 year high of $59.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.50 and a quick ratio of 1.21.
Total (NYSE:TOT) last issued its quarterly earnings results on Thursday, February 8th. The oil and gas exploration company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.04. The firm had revenue of $47.35 billion for the quarter. Total had a net margin of 5.03% and a return on equity of 9.55%. equities research analysts forecast that Total will post 4.83 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Zions Bancorporation increased its stake in shares of Total by 1,399.5% in the 3rd quarter. Zions Bancorporation now owns 20,828 shares of the oil and gas exploration company’s stock valued at $1,115,000 after acquiring an additional 19,439 shares in the last quarter. Valeo Financial Advisors LLC bought a new stake in Total during the 3rd quarter valued at $1,580,000. NWQ Investment Management Company LLC increased its stake in Total by 9.0% during the 3rd quarter. NWQ Investment Management Company LLC now owns 78,950 shares of the oil and gas exploration company’s stock valued at $4,225,000 after purchasing an additional 6,500 shares in the last quarter. TD Asset Management Inc. increased its stake in Total by 6.3% during the 3rd quarter. TD Asset Management Inc. now owns 152,814 shares of the oil and gas exploration company’s stock valued at $8,179,000 after purchasing an additional 9,099 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Total by 9.2% during the 3rd quarter. Wells Fargo & Company MN now owns 6,952,181 shares of the oil and gas exploration company’s stock valued at $372,080,000 after purchasing an additional 587,013 shares in the last quarter. Institutional investors own 5.49% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Lowers Total (TOT) to Hold” was reported by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.thestockobserver.com/2018/02/21/zacks-investment-research-lowers-total-tot-to-hold.html.
Total 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Total Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Total and related companies with MarketBeat.com's FREE daily email newsletter.