TotalEnergies SE : Is the distribution phase coming to an end ?

03/15/2023 | 02:30am EDT

long trade Stop-loss triggered

Entry price : 56.06€ | Target : 65€ | Stop-loss : 52€ | Potential : 15.95%

TotalEnergies SE shares are locked into a trading range. This phase will eventually have to end with a return of a clear trend. Investors have an opportunity to buy the stock and target the € 65.

Summary

• The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
• The company has a good ESG score relative to its sector, according to Refinitiv.

Strengths

• Its low valuation, with P/E ratio at 5.31 and 4.55 for the ongoing fiscal year and 2023 respectively, makes the stock pretty attractive with regard to earnings multiples.

The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

Given the positive cash flows generated by its business, the company's valuation level is an asset.

This company will be of major interest to investors in search of a high dividend stock.

Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

Over the past four months, analysts' average price target has been revised upwards significantly.

Weaknesses

• According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
• The overall consensus opinion of analysts has deteriorated sharply over the past four months.
• The company's earnings releases usually do not meet expectations.

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