- Basic Earnings Per Share (EPS) increased to 60.58 Naira from 25.88 Naira year-on-year (y/y).
- Profit after tax rose significantly to 20.57 billion Naira from 8.79 billion Naira y/y.
- Pretax profit surged to 30.57 billion Naira from 13.48 billion Naira y/y.
- Total Nigeria’s revenue jumped by 93% y/y to 529.94 billion Naira.
- Analyst recommendations: 2 buys, 1 hold, 0 sells.
TotalEnergies on Smartkarma
Analyst coverage of TotalEnergies on Smartkarma reveals insights from Suhas Reddy, whose recent report titled “TotalEnergies Hits Roadblock with Lower Gas Prices and Refining Margins” sheds light on the company’s challenges. Reddy’s bearish sentiment is based on the impact of lower gas realizations and refining margins on TotalEnergies‘ financial performance. Despite an anticipated increase in revenue year-over-year and quarter-over-quarter, there is a forecasted sequential decrease in earnings per share. The report highlights the potential offsetting effect of robust hydrocarbon production in Q2 2024, though challenges in gas realizations and refining margins loom large.
A look at TotalEnergies Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, TotalEnergies shows a promising long-term outlook. With a strong emphasis on growth, resilience, and momentum, the company is positioned well to capitalize on future opportunities in the oil and gas sector. TotalEnergies‘ high scores in dividend and resilience also indicate a commitment to rewarding investors and navigating challenges effectively. Overall, TotalEnergies emerges as a solid player in the industry with a balanced approach to value creation and sustainable growth.
TotalEnergies, formerly known as TOTAL S.A., is a diversified energy company with operations spanning oil and gas exploration, production, refining, and marketing. Additionally, the company has a chemical division that produces a range of essential materials used in various industries. TotalEnergies‘ extensive presence in key markets such as Europe, the United States, and Africa through its gasoline filling stations underscores its global reach and market positioning.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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