TotalEnergies Stock Hits Historic Record at €84.87 Following Q3 Results
The oil company advances mid-morning following the publication of its third-quarter results. The stock surpasses its previous high, while the Paris market advances overall.
A Historic Peak at €84.87 and a Price Remaining Above Its Moving Averages
TotalEnergies shares gain 1.34% to €84.72, after touching €84.87 during the session, a historic high that surpasses the previous record of €84.00 recorded on October 27. The current price therefore remains slightly below the day's peak.
The breakthrough is clear: the stock has moved above €83.84, its previous high over the last 250 trading sessions, which has now become a support level. It is trading 6.09% above its 20-day moving average, which illustrates the momentum gained over the week, during which it has risen 4.72%.
The round level of €85 lies just above. The CAC 40 advances 1.08% in the same timeframe, and TotalEnergies ranks among the strongest gainers in the index. Shell, cited among comparable stocks, gains 3.36% this Thursday and displays +16.5% over one month.
Adjusted Profit Up 51% and €2.3 Billion in Share Buybacks Announced
The accounts published this morning show adjusted profit rising 51% over the quarter, while Brent retreated 7% over the same period. Cash flow reached $12.3 billion, and the debt ratio fell back to 9.1%, compared to 13.1% at end of June.
The group also announced a share buyback program of €2.3 billion, following €4.9 billion repurchased over twelve months.
On the analyst side, CIC Market Solutions maintains its buy rating with a target price of €106.70, representing potential upside of approximately 26% relative to the current stock price. According to the consensus of surveyed analysts, the stock trades at around 7.6 times current fiscal year earnings.
