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.
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