Total (NYSE:TOT) Downgraded by Citigroup to Neutral

Citigroup downgraded shares of Total (NYSE:TOT) from a buy rating to a neutral rating in a report published on Thursday, The Fly reports.

A number of other brokerages also recently weighed in on TOT. ValuEngine downgraded Total from a hold rating to a sell rating in a research note on Thursday, August 1st. BMO Capital Markets initiated coverage on Total in a research note on Tuesday. They issued a market perform rating on the stock. Goldman Sachs Group reissued a buy rating and issued a $70.00 price objective on shares of Total in a research note on Monday, July 15th. HSBC reissued a buy rating and issued a $58.50 price objective on shares of Total in a research note on Thursday, May 23rd. Finally, Credit Suisse Group reissued a buy rating and issued a $58.00 price objective on shares of Total in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $46.71.

Shares of Total stock opened at $48.55 on Thursday. The firm has a market cap of $121.15 billion, a price-to-earnings ratio of 9.61, a P/E/G ratio of 1.21 and a beta of 0.67. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 1.00. Total has a 52-week low of $47.70 and a 52-week high of $65.69. The stock has a 50-day simple moving average of $52.21 and a 200-day simple moving average of $54.58.

Total (NYSE:TOT) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas exploration company reported $1.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.23 by ($0.18). The firm had revenue of $51.24 billion for the quarter. Total had a net margin of 5.23% and a return on equity of 10.68%. As a group, equities research analysts predict that Total will post 5.02 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in TOT. Equity Investment Corp acquired a new stake in Total in the 2nd quarter valued at $62,744,000. Invesco Ltd. boosted its stake in Total by 259.5% in the second quarter. Invesco Ltd. now owns 572,533 shares of the oil and gas exploration company’s stock worth $31,942,000 after purchasing an additional 413,288 shares in the last quarter. Gabelli Funds LLC acquired a new position in Total in the second quarter worth $20,670,000. Randolph Co Inc acquired a new position in Total in the second quarter worth $19,221,000. Finally, Bank of America Corp DE boosted its stake in Total by 2.2% in the second quarter. Bank of America Corp DE now owns 16,174,636 shares of the oil and gas exploration company’s stock worth $902,382,000 after purchasing an additional 343,826 shares in the last quarter. 6.35% of the stock is currently owned by institutional investors and hedge funds.

Total Company Profile

TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.

See Also: What does a hold rating mean?

The Fly

Analyst Recommendations for Total (NYSE:TOT)

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