TotalFinaElf,’s (TOT) Buy Rating Reiterated at Cowen and Company

TotalFinaElf, S.A. (NYSE:TOT)‘s stock had its “buy” rating reiterated by investment analysts at Cowen and Company in a report released on Tuesday. They currently have a $58.00 price objective on the oil and gas exploration company’s stock. Cowen and Company’s target price indicates a potential upside of 7.79% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Societe Generale reissued a “buy” rating on shares of TotalFinaElf, in a research report on Wednesday, July 26th. ValuEngine raised TotalFinaElf, from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Canaccord Genuity raised TotalFinaElf, from a “hold” rating to a “buy” rating in a research report on Friday, July 21st. Barclays PLC cut TotalFinaElf, from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $50.30 to $57.00 in a research report on Monday, August 21st. Finally, Scotiabank set a $52.00 price objective on TotalFinaElf, and gave the stock a “hold” rating in a research report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $55.33.

Shares of TotalFinaElf, (TOT) traded up 0.32% during midday trading on Tuesday, reaching $53.98. The company’s stock had a trading volume of 513,794 shares. The stock has a market cap of $134.46 billion, a PE ratio of 18.61 and a beta of 0.74. TotalFinaElf, has a one year low of $45.05 and a one year high of $54.71. The firm has a 50-day moving average of $51.74 and a 200-day moving average of $51.04.

TotalFinaElf, (NYSE:TOT) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas exploration company reported $0.97 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.01). TotalFinaElf, had a return on equity of 9.07% and a net margin of 4.59%. The business had revenue of $39.92 billion during the quarter. On average, analysts forecast that TotalFinaElf, will post $3.85 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “TotalFinaElf,’s (TOT) Buy Rating Reiterated at Cowen and Company” was originally posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2017/09/19/totalfinaelfs-tot-buy-rating-reiterated-at-cowen-and-company.html.

Hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC lifted its position in shares of TotalFinaElf, by 4.4% during the 1st quarter. IHT Wealth Management LLC now owns 2,080 shares of the oil and gas exploration company’s stock valued at $106,000 after buying an additional 87 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of TotalFinaElf, by 30.5% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,347 shares of the oil and gas exploration company’s stock valued at $118,000 after buying an additional 548 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of TotalFinaElf, by 11.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,561 shares of the oil and gas exploration company’s stock valued at $127,000 after buying an additional 257 shares during the last quarter. NEXT Financial Group Inc lifted its position in shares of TotalFinaElf, by 30.1% during the 2nd quarter. NEXT Financial Group Inc now owns 2,591 shares of the oil and gas exploration company’s stock valued at $128,000 after buying an additional 600 shares during the last quarter. Finally, Grove Bank & Trust lifted its position in shares of TotalFinaElf, by 243.2% during the 2nd quarter. Grove Bank & Trust now owns 2,797 shares of the oil and gas exploration company’s stock valued at $139,000 after buying an additional 1,982 shares during the last quarter. 5.41% of the stock is currently owned by hedge funds and other institutional investors.

About TotalFinaElf,

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.

Analyst Recommendations for TotalFinaElf, (NYSE:TOT)

Receive News & Ratings for TotalFinaElf S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalFinaElf S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply