Stock To Watch : TOTAL SA (NYSE:TOT)

TOTAL SA (NYSE:TOT) : Investment of EUR200M to transform the La Mède refinery and in particular create France’s first biorefinery, which will be one of the biggest in Europe, to meet growing demand for biofuels. Crude oil processing will be halted at end-2016. An investment of EUR400M to upgrade the Donges refinery to capture profitable new markets with low-sulfur fuels that meet the evolutions of European Union specifications. “There are three possible responses to the crisis in the European refining industry. The first is to throw in the towel. The second is to do nothing and perish. The third is to innovate and adapt to meet shifting demand trends. The central focus of Total’s plan for our French refining business is to realign our operations and products to changing markets. The plan that we are presenting today offers sustaina ble solutions for the Donges and La Mède refineries. It gives both facilities a future and strengthens Total’s refining base in France,” commented CEO Patrick Pouyanné.

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The company is expected to announce next quarter earnings on April 29, at consensus estimate of $0.6. TOTAL SA (TOT) reported last quarter earnings on February 12. The Integrated Oil company announced earnings per share of $1.22 against a consensus Street estimate of $1.09, beating the average estimate by $0.13. This corresponds to a decrease of $0.4 compared to the same quarter of the previous fiscal year.

TOTAL SA (NYSE:TOT) is currently trading 28.32% below its 52-week-high, 14.14% above its 52-week-low. The 12-months range for the stock is $46.61 – $74.22. TOTAL SA (TOT) has a price to earnings ratio of 28.6 versus S&P 500 average of 17.42. TOT stock price has outperformed the S&P 500 by 2.6%. The Integrated Oil company is currently valued at $121.08 billion and its share price closed the last trading session at $53.2. The stock has a 50-day moving average of $50.71 and a 200-day moving average of $53.84.

TOTAL SA (TOT) current short interest stands at 5.79 million shares. It has decreased by 19% from the same period of last month. Around 1% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.26 million shares, the number of days required to cover the short positions stand at 4.6 days.

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There are currently thirty-five analysts that cover TOT stock. Of those thirty-five, fifteen have a Buy rating, eighteen have a Hold rating and two have a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $52.88.

A recent analyst activity consisted of RBC Capital upgrading their Sector Perform rating to Outperform on April 7. On the date of report, the stock closed at $51.2.

Scotia Howard Weil upgraded their Sector Perform rating to Outperform on February 23. On the date of report, the stock closed at $51.51.

Company profile

Total SA explores for, produces, refines, transports, and markets oil and natural gas. The Company also operates a chemical division which produces polypropylene, polyethylene, polystyrene, rubber, paint, ink, adhesives, and resins. Total operates gasoline filling stations in Europe, the United States, and Africa.

Stock To Watch : TOTAL SA (NYSE:TOT) was last modified: April 17th, 2015 by Pat Mayfield