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TotalEnergies SE Sponsored ADR (TTE) Stock Sinks As Market Gains: What You Should Know
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TotalEnergies SE Sponsored ADR (TTE - Free Report) closed the most recent trading day at $62.04, moving -0.82% from the previous trading session. This change lagged the S&P 500's 1.46% gain on the day. Elsewhere, the Dow gained 1.09%, while the tech-heavy Nasdaq added 6.63%.
Heading into today, shares of the company had gained 0.76% over the past month, lagging the Oils-Energy sector's gain of 1.9% and the S&P 500's gain of 4.75% in that time.
Wall Street will be looking for positivity from TotalEnergies SE Sponsored ADR as it approaches its next earnings report date. The company is expected to report EPS of $2.93, up 14.9% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for TotalEnergies SE Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 2.41% lower within the past month. TotalEnergies SE Sponsored ADR currently has a Zacks Rank of #3 (Hold).
Digging into valuation, TotalEnergies SE Sponsored ADR currently has a Forward P/E ratio of 4.89. This represents a discount compared to its industry's average Forward P/E of 8.3.
Investors should also note that TTE has a PEG ratio of 0.57 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 0.81 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TTE in the coming trading sessions, be sure to utilize Zacks.com.
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TotalEnergies SE Sponsored ADR (TTE) Stock Sinks As Market Gains: What You Should Know
TotalEnergies SE Sponsored ADR (TTE - Free Report) closed the most recent trading day at $62.04, moving -0.82% from the previous trading session. This change lagged the S&P 500's 1.46% gain on the day. Elsewhere, the Dow gained 1.09%, while the tech-heavy Nasdaq added 6.63%.
Heading into today, shares of the company had gained 0.76% over the past month, lagging the Oils-Energy sector's gain of 1.9% and the S&P 500's gain of 4.75% in that time.
Wall Street will be looking for positivity from TotalEnergies SE Sponsored ADR as it approaches its next earnings report date. The company is expected to report EPS of $2.93, up 14.9% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for TotalEnergies SE Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 2.41% lower within the past month. TotalEnergies SE Sponsored ADR currently has a Zacks Rank of #3 (Hold).
Digging into valuation, TotalEnergies SE Sponsored ADR currently has a Forward P/E ratio of 4.89. This represents a discount compared to its industry's average Forward P/E of 8.3.
Investors should also note that TTE has a PEG ratio of 0.57 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Refining and Marketing stocks are, on average, holding a PEG ratio of 0.81 based on yesterday's closing prices.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TTE in the coming trading sessions, be sure to utilize Zacks.com.