TotalFinaElf S.A. (TOT) : 5 brokerage houses believe that TotalFinaElf S.A. (TOT) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on TotalFinaElf S.A. (TOT). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 2.
TotalFinaElf S.A. (TOT) : The highest short term price target forecast on TotalFinaElf S.A. (TOT) is $58 and the lowest target price is $52. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $55.77 with a standard deviation of $2.61.
Also, In a research note released to the investors, Bernstein downgrades its rating on TotalFinaElf S.A. (NYSE:TOT).The analysts at the brokerage house have a current rating of Market Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on September 8, 2016.
TotalFinaElf S.A. (NYSE:TOT): After opening at $46.28, the stock dipped to an intraday low of $45.96 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $46.93 and the buying power remained strong till the end. The stock closed at $46.85 for the day, a gain of 0.56% for the day session. The total traded volume was 3,634,264. The stocks close on the previous trading day was $46.59.
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.