We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
TotalEnergies SE Sponsored ADR (TTE) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
TotalEnergies SE Sponsored ADR (TTE - Free Report) closed at $61.44 in the latest trading session, marking a -1.03% move from the prior day. This change lagged the S&P 500's 0.4% loss on the day. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 4.72%.
Prior to today's trading, shares of the company had gained 3.86% over the past month. This has outpaced the Oils-Energy sector's loss of 3.17% and the S&P 500's loss of 5.57% in that time.
TotalEnergies SE Sponsored ADR will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.98, up 16.86% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for TotalEnergies SE Sponsored ADR. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.92% lower. TotalEnergies SE Sponsored ADR is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, TotalEnergies SE Sponsored ADR currently has a Forward P/E ratio of 4.39. This represents a discount compared to its industry's average Forward P/E of 5.52.
Also, we should mention that TTE has a PEG ratio of 0.51. 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. TTE's industry had an average PEG ratio of 0.49 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
TotalEnergies SE Sponsored ADR (TTE) Dips More Than Broader Markets: What You Should Know
TotalEnergies SE Sponsored ADR (TTE - Free Report) closed at $61.44 in the latest trading session, marking a -1.03% move from the prior day. This change lagged the S&P 500's 0.4% loss on the day. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq lost 4.72%.
Prior to today's trading, shares of the company had gained 3.86% over the past month. This has outpaced the Oils-Energy sector's loss of 3.17% and the S&P 500's loss of 5.57% in that time.
TotalEnergies SE Sponsored ADR will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.98, up 16.86% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for TotalEnergies SE Sponsored ADR. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.92% lower. TotalEnergies SE Sponsored ADR is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, TotalEnergies SE Sponsored ADR currently has a Forward P/E ratio of 4.39. This represents a discount compared to its industry's average Forward P/E of 5.52.
Also, we should mention that TTE has a PEG ratio of 0.51. 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. TTE's industry had an average PEG ratio of 0.49 as of yesterday's close.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.