TotalEnergies SE ADR (NYSE: TTE): Reassessing Prospects

TotalEnergies SE ADR (TTE) concluded trading on Wednesday at a closing price of $59.87, with 4.56 million shares of worth about $273.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.52% during that period and on November 13, 2024 the price saw a gain of about 0.50%. Currently the company’s common shares owned by public are about 2.35B shares, out of which, 2.28B shares are available for trading.

Stock saw a price change of -3.09% in past 5 days and over the past one month there was a price change of -7.51%. Year-to-date (YTD), TTE shares are showing a performance of -11.15% which decreased to -10.81% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.81 but also hit the highest price of $74.97 during that period. The average intraday trading volume for TotalEnergies SE ADR shares is 1.45 million. The stock is currently trading -5.28% below its 20-day simple moving average (SMA20), while that difference is down -8.87% for SMA50 and it goes to -11.92% lower than SMA200.

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TotalEnergies SE ADR (NYSE: TTE) currently have 2.35B outstanding shares and institutions hold larger chunk of about 7.23% of that.

The stock has a current market capitalization of $136.54B and its 3Y-monthly beta is at 0.64. PE ratio of stock for trailing 12 months is 8.36, while it has posted earnings per share of $7.16 in the same period. Its PEG reads 1.41 and has Quick Ratio of 0.88 while making debt-to-equity ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TTE, volatility over the week remained 1.87% while standing at 1.40% over the month.

Stock’s fiscal year EPS is expected to drop by -15.14% while it is estimated to increase by 4.45% in next year. EPS is likely to shrink at an annualized rate of 5.92% for next 5-years, compared to annual growth of 15.04% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on September 27, 2024 offering a Buy rating for the stock and assigned a target price range of between $72 and $74 to it. Coverage by Wolfe Research stated TotalEnergies SE ADR (TTE) stock as an Outperform in their note to investors on July 18, 2024, suggesting a price target of $87 for the stock. Stock get an Overweight rating from Morgan Stanley on March 21, 2023.

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