Short Term Price Target on TotalFinaElf S.A. (TOT)

TotalFinaElf S.A. (NYSE:TOT) : The highest level TotalFinaElf S.A. (NYSE:TOT) is projected to reach is $58 for the short term and the lowest estimate is at $51. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $54.8 and the possibility the share price can swing is $3.11.

TOTAL S.A. has dropped 3.65% in the last five trading days, however, the shares have posted positive gains of 1.28% in the last 4 weeks. TOTAL S.A. is up 10.38% in the last 3-month period. Year-to-Date the stock performance stands at 10.14%.

TotalFinaElf S.A. (NYSE:TOT) : 10 analysts are covering TotalFinaElf S.A. (NYSE:TOT) and their average rating on the stock is 1.4, which is read as a Strong Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

TotalFinaElf S.A. (NYSE:TOT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.92 and $47.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.10, notching a gain of 0.86% for the day. The total traded volume was 3,052,186 . The stock had closed at $47.69 on the previous day.

Total S.A. is an energy operator. The Company operates through three business segments: an Upstream segment, including alongside the activities of the exploration and production of hydrocarbons, the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub comprising the activities of refining, petrochemicals and specialty chemicals and also includes the activities of oil trading and shipping; a Marketing & Services segment, including the global activities of supply and marketing in the field of petroleum products, as well as the activity of new energies, and a Corporate segment, which includes holdings operating and financial activities. Its projects include CLOV, EGINA, IKIKE, INCAHUASI, LAGGAN-TORMORE, OML-58 UPGRADE, EA-1 AND EA-1A (UGANDA), ELGIN – FRANKLIN REDEVELOPMENT and ABSHERON PH.1, among others.

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