- Marzo 21, 2022
- Posted by: Oliver
- Categoria: Economics, Finance & accounting
TotalEnergies is an integrated oil and gas company that has received a “Perfect 10” rating. Exploration & Production, Integrated Gas, Renewables & Power, and Downstream are the four primary segments of the company’s operations.
The corporation has recently benefited from sky-high oil and gas prices, as well as favorable electricity pricing over the fourth quarter. For 2022, the firm plans to increase interim dividends by 5% due to robust cash flow generation. TotalEnergies also plans to repurchase up to $2 billion in shares in the first half of 2022.
Further, the majority of experts are optimistic about this firm. On TipRanks, TotalEnergies stock commands a Strong Buy consensus rating based on 4 unanimous Buys. The average TTE price target is $74.42, representing almost a 50% upside potential.
Also, the investors holding portfolios on TipRanks maintain a very positive outlook on TTE stock. According to the statistics, 18.9% of these investors boosted their TTE stock holdings in the last 30 days.
