As of September 19, 2023, TotalEnergies has experienced a decline of 7.14% in its short percent of float since its previous report. The company recently disclosed that it has a total of 3.13 million shares sold short, accounting for 0.13% of all regular shares available for trading. Considering the trading volume, it would take an average of 2.54 days for traders to cover their short positions. Monitoring short interest is crucial as it can serve as an indication of market sentiment towards a specific stock. An increase in short interest suggests a more bearish sentiment among investors, whereas a decrease implies a more bullish outlook.
Currently, the short interest ratio for TotalEnergies shares stands at 2.0, indicating a moderate level of pessimism surrounding the stock. In comparison to its peers, TotalEnergies has a higher short interest, as the peer group average for short interest as a percentage of float is 1.73%.
TotalEnergies SE
TTE
Strong Buy
Updated on: 28/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
TTE Stock Performance, Market Cap, and Financial Ratios: September 19, 2023
On September 19, 2023, TTE stock experienced a mixed performance. The previous day’s closing price for TTE stock was $65.47. The stock opened at $66.50 and fluctuated between $66.17 and $66.78 throughout the day. The volume of shares traded on this day was 1,071,012, which is lower than the average volume over the past three months. TTE’s market capitalization is $158.6 billion, indicating its size and status within the industry. The company’s earnings growth rate for the previous year was 31.88%, but for the current year, it is -29.46%. The projected earnings growth for the next five years is -7.68%. TTE achieved a revenue growth rate of 42.61% in the previous year. The price-to-earnings ratio for TTE is 8.6, the price-to-sales ratio is 0.61, and the price-to-book ratio is 1.45. TTE operates in the Energy Minerals sector, specifically in the Integrated Oil industry. The company’s corporate headquarters are located in Courbevoie, Ile-de-France. TTE’s next reporting date is scheduled for October 26, 2023.
TotalEnergies SE: Strong Stock Performance and Positive Outlook for Investors
TotalEnergies SE, a global energy company, has been attracting attention from investors due to its strong stock performance. On September 19, 2023, the stock closed at a price of 66.37. However, analysts are optimistic about its future prospects, with a median target price of 70.12, representing a potential increase of 5.65% from the current price.
According to CNN Money, 25 analysts have provided their 12-month price forecasts for TotalEnergies SE. The range of estimates varies from a low of 50.76 to a high of 82.35. This wide range indicates a degree of uncertainty among analysts, but the median estimate suggests a positive outlook for the stock.
The consensus among 27 polled investment analysts is to buy TotalEnergies SE stock. This rating has remained steady since August, indicating a sustained belief in the company’s potential. The consistent buy rating suggests that analysts see favorable opportunities for growth and value in the stock.
TotalEnergies SE is expected to release its earnings report for the current quarter on October 26. Based on the previous quarter’s performance, the company reported earnings per share of $2.32 and sales of $54.1 billion. These figures indicate a strong financial position for TotalEnergies SE, which may further support the positive sentiment among analysts.
Investors should keep an eye on TotalEnergies SE as it approaches its reporting date. The company’s financial performance and any updates on its operations and strategies may influence the stock’s future trajectory. Additionally, it is essential to monitor any developments in the energy sector and global markets, as these factors can significantly impact stock prices.
Overall, TotalEnergies SE has shown promising stock performance, with analysts forecasting a potential increase in its share price. The consensus among investment analysts to buy the stock further reinforces the positive outlook. However, investors should conduct thorough research and consider their risk tolerance before making any investment decisions.
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