Stock Monitor: Ecopetrol Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 11, 2018 / If you want access to our free research report on TOTAL S.A. (NYSE: TOT), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TOT as the Company's latest news hit the wire. On May 09, 2018, the Company announced that it has inked a deal to sell its retail business in Haiti to Bandari Corp. Ltd, which is a consortium formed by several local and regional major players. The retail business in Haiti consists of a network of 92 service stations and general trade fuel sales operations. The financial details of the transaction remained undisclosed. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is currently working on the research report for Ecopetrol S.A. (NYSE: EC), which also belongs to the Basic Materials sector as the Company TOTAL. Do not miss out and become a member today for free to access this upcoming report at:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, TOTAL most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
TOTAL paid special attention to the ability and commitment of the buyer to grow the businesses and protect the interests of employees.
Transaction Aligns with TOTAL's Strategy of Streamlining its Asset Portfolio in the Caribbean
Commenting on the announcement, Isabelle Gaildraud, Senior Vice President, the Americas, at TOTAL Marketing & Services, stated that this transaction with local operators is aligned with the Company's strategy of streamlining its asset portfolio in the Caribbean. Gaildraud added that the Company is fully confident that Bandari will develop these quality assets effectively. TOTAL remains present in Haiti through a lubricants distribution agreement.
TOTAL's Proposed Acquisition of Direct Energie
On April 18, 2018, TOTAL entered into an agreement with the controlling shareholders of Direct Energie for the proposed acquisition of 74.33% of its share capital, at a price of €42 per share, an ex-dividend of €0.35 per share, representing an aggregate acquisition price of approximately €1.4 billion. After the completion of this acquisition, TOTAL would file with the French Financial Market Authority (Autorité des marchés financiers), a mandatory tender offer on the securities of Direct Energie which are traded on Euronext Paris at the same price per share of €42, which represented a 30% premium above Direct Energie's closing share price on April 17, 2018; a 24% premium above the volume weighted average share price over the past three months; and 13% above the volume weighted average share price over the past six months. The offer thereby valued Direct Energie at approximately 12.5 times its 2018 projected EBITDA.
Through this transaction, TOTAL was actively pursuing its development in electricity and gas generation and distribution in France and Belgium. This takeover is part of the Group's strategy to expand along the entire gas-electricity value chain and to develop low-carbon energies, in-line with its ambition to become the responsible energy major.
About TOTAL S.A.
Founded in 1924 and headquartered in Courbevoie, France, TOTAL operates as an integrated oil and gas organization worldwide. The Company operates through its Exploration & Production; Gas, Renewables, & Power; Refining & Chemicals; and Marketing & Services segments.
TOTAL Marketing & Services develops and distributes mainly petroleum-based products and all related services. Its 31,000 employees are present in 110 countries and its product and service offerings are sold in 150 countries. TOTAL Marketing & Services welcomes over 8 million customers daily in its network of over 16,000 service stations in 65 countries.
Stock Performance Snapshot
May 10, 2018 - At Thursday's closing bell, TOTAL's stock slightly climbed 0.74%, ending the trading session at $62.99.
Volume traded for the day: 1.21 million shares.
Stock performance in the last month – up 4.25%; previous three-month period – up 15.32%; past twelve-month period – up 20.65%; and year-to-date - up 13.95%
After yesterday's close, TOTAL's market cap was at $164.79 billion.
Price to Earnings (P/E) ratio was at 20.02.
The stock has a dividend yield of 4.62%.
The stock is part of the Basic Materials sector, categorized under the Major Integrated Oil & Gas industry. This sector was up 0.9% at the end of the session.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.