We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Positive Growth Projections: The Zacks Consensus Estimate for 2017 earnings is $4.03, which reflects a year-over-year increase of 19.35%. For 2018, the Zacks Consensus Estimate for earnings is pegged at $4.68, representing a 15.95% rally.
TOTAL has long-term expected earnings per share growth rate of 7.50%.
Estimates Moving Up: The Zacks Consensus Estimate has witnessed upward revisions in the last 30 days. Estimates for 2017 have moved up 2.5% in the last 30 days and 2018 estimates moved up 7.6% in the same period.
Strong Return: TOTAL’s shares have rallied 5.9% in the last 12 months, outperforming the industry’s gain of 1.5%.
Positive Earnings Surprise History: TOTAL surpassed the Zacks Consensus Estimate in two of the last four quarters with an average beat of 2.12%.
Growth Drivers
TOTAL has one of the best production growth profiles among the oil super majors, characterized by an upstream portfolio with above industry-average exposure to the faster growing hydrocarbon producing regions of the world.
Recently, TOTAL announced that it has entered into a definite agreement to acquire Maersk Oil & Gas A/S (Maersk Oil) in a share and debt deal. This acquisition is expected to close in the first quarter of 2018. We believe the decision to acquire Maersk Oil will expand TOTAL’s operation globally and create tougher competition for the super majors like Exxon Mobil Corporation (XOM - Free Report) , Chevron Corporation (CVX - Free Report) and BP p.l.c. (BP - Free Report) .
TOTAL has been able to lower production cost substantially from $9.90 per barrels of oil equivalent (Boe) in 2014 to below $6 per Boe. Its cost savings initiatives will surely be of great help in expanding margins. TOTAL aims to achieve a $3.5 billion savings target in 2017 through its ongoing initiatives and has plans to save around $4 billion in 2018.
TOTAL also strengthened its balance sheet over the last few years. The net debt-to-equity ratio of the company at the end of second-quarter 2017 was 20.3%, down from 30% at the end of second-quarter 2016. It has been lowering its debts consistently and is working to achieve a net debt-to-equity ratio of 20%, which will lower the cost of capital of the company.
4 Surprising Tech Stocks to Keep an Eye On
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really takes off.
Image: Bigstock
Should You Hold TOTAL (TOT) Stock in Your Portfolio Now?
TOTAL S.A.’s strong production portfolio, initiatives to lower operating costs, reduce debts and start new projects will boost its performance.
Retaining this Zacks Rank #3 (Hold) stock in your portfolio now is a good idea, given the following positive factors. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Positive Growth Projections: The Zacks Consensus Estimate for 2017 earnings is $4.03, which reflects a year-over-year increase of 19.35%. For 2018, the Zacks Consensus Estimate for earnings is pegged at $4.68, representing a 15.95% rally.
TOTAL has long-term expected earnings per share growth rate of 7.50%.
Estimates Moving Up: The Zacks Consensus Estimate has witnessed upward revisions in the last 30 days. Estimates for 2017 have moved up 2.5% in the last 30 days and 2018 estimates moved up 7.6% in the same period.
Strong Return: TOTAL’s shares have rallied 5.9% in the last 12 months, outperforming the industry’s gain of 1.5%.
Positive Earnings Surprise History: TOTAL surpassed the Zacks Consensus Estimate in two of the last four quarters with an average beat of 2.12%.
Growth Drivers
TOTAL has one of the best production growth profiles among the oil super majors, characterized by an upstream portfolio with above industry-average exposure to the faster growing hydrocarbon producing regions of the world.
Recently, TOTAL announced that it has entered into a definite agreement to acquire Maersk Oil & Gas A/S (Maersk Oil) in a share and debt deal. This acquisition is expected to close in the first quarter of 2018. We believe the decision to acquire Maersk Oil will expand TOTAL’s operation globally and create tougher competition for the super majors like Exxon Mobil Corporation (XOM - Free Report) , Chevron Corporation (CVX - Free Report) and BP p.l.c. (BP - Free Report) .
TOTAL has been able to lower production cost substantially from $9.90 per barrels of oil equivalent (Boe) in 2014 to below $6 per Boe. Its cost savings initiatives will surely be of great help in expanding margins. TOTAL aims to achieve a $3.5 billion savings target in 2017 through its ongoing initiatives and has plans to save around $4 billion in 2018.
TOTAL also strengthened its balance sheet over the last few years. The net debt-to-equity ratio of the company at the end of second-quarter 2017 was 20.3%, down from 30% at the end of second-quarter 2016. It has been lowering its debts consistently and is working to achieve a net debt-to-equity ratio of 20%, which will lower the cost of capital of the company.
4 Surprising Tech Stocks to Keep an Eye On
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really takes off.
See Stocks Now>>