TotalFinaElf S.A. (TOT) has been under a strong bear grip, hence the stock is down -1.81% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.56% in the past 1 week. The stock has risen by 1.62% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.8% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.84% and the 50-Day Moving Average is 1.78%. TotalFinaElf S.A. (NYSE:TOT): stock turned positive on Friday. Though the stock opened at $48.28, the bulls momentum made the stock top out at $48.55 level for the day. The stock recorded a low of $48.1136 and closed the trading day at $48.35, in the green by 0.10%. The total traded volume for the day was 933,458. The stock had closed at $48.3 in the previous days trading.
Institutional Investors own 5.89% of TotalFinaElf S.A. shares. Also, In the latest statement by the brokerage house, Barclays upgrades its outlook on TotalFinaElf S.A. (NYSE:TOT). The current rating of the shares is Overweight, according to the research report released by the firm. Previously, the company had a rating of Equal-weight. The rating by the firm was issued on August 4, 2016.
Total S.A. is an energy operator. The Company operates through three business segments: an Upstream segment, including alongside the activities of the exploration and production of hydrocarbons, the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub comprising the activities of refining, petrochemicals and specialty chemicals and also includes the activities of oil trading and shipping; a Marketing & Services segment, including the global activities of supply and marketing in the field of petroleum products, as well as the activity of new energies, and a Corporate segment, which includes holdings operating and financial activities. Its projects include CLOV, EGINA, IKIKE, INCAHUASI, LAGGAN-TORMORE, OML-58 UPGRADE, EA-1 AND EA-1A (UGANDA), ELGIN – FRANKLIN REDEVELOPMENT and ABSHERON PH.1, among others.