Why Is TotalEnergies Stock Trading Higher On Tuesday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 27 2025
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Source: Benzinga
TotalEnergies Mero-4 Production Launch: TotalEnergies has commenced oil production from the Mero-4 project in Brazil's Santos Basin, enhancing its total capacity to 770,000 barrels per day across five FPSOs, contributing significantly to the company's production growth strategy.
Market Response and Future Outlook: Following the announcement, TotalEnergies shares rose by 1.59% in premarket trading, reflecting investor confidence in the project's potential for robust free cash flow and low-emission oil production.
Analyst Views on EIPX
Wall Street analysts forecast EIPX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EIPX 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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Current: 27.960
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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.
