27.9 C
New York
Monday, June 27, 2022

Total SE (TOT): Has the oil and gas industry had a worse year than 2020?

After a turbulent financial year that saw oil prices decline amid a widespread coronavirus pandemic, Total SE (NYSE: TOT) announced a massive drop in profits for 2020.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.


Many factors can contribute to the 2020 oil price collapse, including the COVID-19 pandemic. A big factor in this situation deteriorating even further is the price war between Saudi Arabia and Russia that broke out on March 4 in response to the collapse of the OPEC+ agreement.

According to Refinitiv, Total SE’s 2020 net profit exceeded expectations by $3.86 billion, topping the industry’s estimates by $406 billion. Compared to the $11.8 billion in the fiscal year 2019, this represents a drop of 66% on an annual basis.

Also, for the fourth quarter, Total’s net profit was $1.3 billion, beating analysts’ expectations of $1.1 billion. After plummeting more than 28% last year, its shares are up 0.8% so far this year. As a result of the pandemic, the oil and gas industry suffered a drastic drop in demand, falling prices, and tens of thousands of job losses last year.

Total SE (NYSE: TOT) performance over the last year stands at 3.82%, with its performance over the last seven days stands at 3.35%. It is down -5.80% in the one month and up 34.12% over the three months. The stock’s performance over the past six months was 11.74%. Their 52-week performance was -11.94%.

Now let’s look at the analyst rating. The Wall Street Journal reports that the 28 brokerage firms currently monitoring Total SE (NYSE: TOT) performance compared to its rivals received an estimated Overweight proposal. The stock was rated as a sell-by 0 analysts. And hold by 11, purchase by 16, an overweight by 1, and underweight by 0 analysts. The average price target between the banks and credit unions last year that talked about the stock is $52.94.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Articles


Please enter your comment!
Please enter your name here

Latest Articles




Download Free eBook For

The 5 Best Growth Stocks 2022

100% free. stop anytime no spam