Are Analysts Positive on Total after Its Q4 Earnings?



Analysts’ ratings for Total

Total (TOT) released its fourth-quarter earnings on February 7. In this part, we’ll discuss analysts’ ratings for Total after its earnings.

Total has been rated by five analysts. All five of the analysts have assigned a “buy” or “strong buy” rating on the stock. Total’s mean target price of $69 per share is ~27% higher than its current stock price.

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Total mainly has “buy” ratings

Total’s earnings and cash flows rose in 2018. Total’s earnings rose 28% to $13.6 billion in 2018. The company’s cash flow from operations rose 11% to $24.7 billion in 2018, which helped Total’s liquidity position.

Total had a strong upstream performance in 2018. Total’s upstream volumes rose 8% to record highs of 2.8 million barrels of oil equivalent per day in 2018. Many significant projects started in 2018 including Yamal LNG, Ichthys, Kaombo, and Egina. Total’s exploration and production earnings rose 71% YoY due to higher price realizations and better volumes. Going forward, with these projects ramping up and new projects starting, Total’s hydrocarbon production is slated for ~9% growth in 2019.

Analysts are positive on Total due to its expected upstream volumes growth and strong financial position.

Peers’ ratings

BP (BP), Chevron (CVX), and Royal Dutch Shell (RDS.A) have been tagged as a “buy” by 45%, 75%, and 80% of the analysts, respectively. Other players like ExxonMobil (XOM), Suncor Energy (SU), and Petrobras (PBR) have been evaluated as a “buy” by 26%, 92%, and 43% of the analysts, respectively.

Next, we’ll discuss Total’s stock price range for the next eight days after its earnings.


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