Total SA (NYSE:TOT) Reaching An Inflection Point; Credit Agricole Coverage Initiated as Buy


How Credit Agricole Currently Rates Total SA (NYSE:TOT)

In analysts report issued to investors and clients on Tuesday, 15 December, Credit Agricole analyst just have commenced coverage coverage of Total SA (NYSE:TOT) with Buy rating.

From a total of 7 analysts covering Total SA (NYSE:TOT) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is $63 while the lowest target price is $47.3. The mean of all analyst targets is $54.86 with a -3.98% below today’s ($46.26) stock price. Total SA was the topic of 7 analyst reports since August 24, 2015 according to the firm StockzIntelligence Inc. Howard Weil maintained shares on October 8 with “Sector Outperform” rating. Societe Generale upgraded TOT stock in a recent report from September 22 to “Buy” rating. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on an August 24.

Approximately 1.35M shares of stock traded hands. Total SA (ADR) (NYSE:TOT) has declined 14.33% since May 12, 2015 and is downtrending. It has underperformed by 10.65% the S&P500.

Total S.A. is an energy operator. The Company operates through three business divisions: 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. The company has a market cap of $108.84 billion.

According to Zacks Investment Research, “Total Fina SA engages in worldwide oil and gas production, other upstream, RM&T and an expanding multi-national specialty chemicals business. The Company’s Chemical Division produces rubber, paint, ink, adhesives and resins.”