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TotalEnergies (TTE) Got Some Good News

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In a report released today, Oswald Clint from Bernstein upgraded TotalEnergies (TTEResearch Report) to Buy. The company’s shares closed last Wednesday at $53.05.

Clint has an average return of 12.5% when recommending TotalEnergies.

According to TipRanks.com, Clint is ranked #4214 out of 7908 analysts.

Currently, the analyst consensus on TotalEnergies is a Moderate Buy with an average price target of $64.00.

See Insiders’ Hot Stocks on TipRanks >>

Based on TotalEnergies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $63.95 billion and net profit of $4.94 billion. In comparison, last year the company earned revenue of $38.63 billion and had a net profit of $3.34 billion.

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Founded in 1924, France-based Total SE is an integrated oil and gas company, which produces and markets fuels, natural gas and low-carbon electricity. It is engaged in the exploration and production of oil and gas, refining, petrochemicals and the distribution of energy in various forms to end customers. The company operates through four business segments: Exploration & Production; Integrated Gas, Renewables & Power; Downstream (Refining & Chemicals and Marketing & Services).

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