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TotalEnergies SE (TTE) Receives a Buy from J.P. Morgan

Tipranks - Sun Apr 5, 7:30AM CDT

J.P. Morgan analyst Matthew Lofting maintained a Buy rating on TotalEnergies SE yesterday and set a price target of €86.00.

Easter Sale - 70% Off TipRanks

According to TipRanks, Lofting is a 2-star analyst with an average return of -0.1% and a 50.78% success rate.

In addition to J.P. Morgan, TotalEnergies SE also received a Buy from TipRanks – Google’s Google Energy GB in a report issued on April 2. However, on April 1, Berenberg Bank maintained a Hold rating on TotalEnergies SE (LSE: TTE).

Based on TotalEnergies SE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €46.35 billion and a net profit of €2.93 billion. In comparison, last year the company earned a revenue of €47.12 billion and had a net profit of €3.96 billion

Based on the recent corporate insider activity of 102 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTE in relation to earlier this year.

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