TotalEnergies Boasts Strong Revenue Despite Q3 EPS Miss, Decline In LNG And Production
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Earnings Report: TotalEnergies SE reported third-quarter adjusted EPS of $1.74, missing expectations, while sales reached $52.02 billion, exceeding forecasts. Hydrocarbon production fell 1% due to unplanned shutdowns and security issues, with a notable decline in Exploration & Production and Integrated LNG segments.
Future Outlook: The company plans to maintain hydrocarbon production levels between 2.4 and 2.45 Mboe/d for the fourth quarter and has approved a $2 billion share buyback. TotalEnergies reaffirmed net investments of $17 billion-$18 billion for fiscal year 2024.
Analyst Views on MVPA
Wall Street analysts forecast MVPA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MVPA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
