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TotalEnergies: Impressive quarterly figures and good prospects for investors
It's no secret that oil producers are currently very successful. The energy giant TotalEnergies provides further evidence of this. In the third quarter, adjusted profit rose by 30 percent to 6.1 billion euros compared to the previous quarter. This corresponds to a surplus of almost 66 million euros per day. Analysts had expected lower results. Operating profit improved by 18 percent to $13.1 billion. However, oil and gas prices were even higher compared to the previous year. The shareholders of TotalEnergies are pleased with the good business figures. You will receive a quarterly dividend of 74 cents per share, seven percent more than last year. In addition …
TotalEnergies: Impressive quarterly figures and good prospects for investors
It's no secret that oil producers are currently very successful. The energy giant TotalEnergies provides further evidence of this. In the third quarter, adjusted profit rose by 30 percent to 6.1 billion euros compared to the previous quarter. This corresponds to a surplus of almost 66 million euros per day. Analysts had expected lower results. Operating profit improved by 18 percent to $13.1 billion. However, oil and gas prices were even higher compared to the previous year.
The shareholders of TotalEnergies are pleased with the good business figures. You will receive a quarterly dividend of 74 cents per share, seven percent more than last year. The company is also continuing its share buyback program and plans to buy back shares worth $9 billion by the end of the year. Cash inflows of nearly $4 billion from the disposal of Canadian assets are expected for the fourth quarter. This could further improve the balance sheet and reduce the debt ratio to below eight percent.
According to a report from www.deraktionaer.de, TotalEnergies remains an attractive buy due to its good prospects, solid balance sheet and low P/E ratio of 7 compared to historical and industry standards. There is also a gross dividend yield of almost five percent. The company's upward trend remains intact, so a stop price of EUR 49.00 is recommended.
TotalEnergies' good business figures could have a positive impact on the market. The group's investments of 16 to 17 billion dollars by 2023 could lead to a further strengthening of the industry. The low debt ratio and high dividend yield could make the company attractive to investors. In addition, TotalEnergies' positive numbers could encourage other oil producers to invest in oil exploration and production.
For consumers, TotalEnergies' increased profitability could impact oil and gas prices. If the company continues to make high profits, prices for gasoline, heating oil and other petroleum products could rise.
Source: According to a report by www.deraktionaer.de
Read the source article at www.deraktionaer.de