Why Is TotalEnergies Stock Sliding Today?
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
TotalEnergies Production and Financial Outlook: TotalEnergies SE anticipates hydrocarbon production of approximately 2.4 Mboe/d in Q3, driven by the Mero 2 project in Brazil, while facing challenges from unplanned shutdowns and security issues in Libya. The company expects Integrated LNG results to surpass $1 billion despite reduced production from Ichthys LNG.
Investment Plans and Market Performance: The company plans annual net investments of $16 billion to $18 billion from 2025 to 2030, including $5 billion for low-carbon energies. TTE shares are down 3.99% premarket, currently trading at $65.39.
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.
