This slump shouldn’t be too much of a surprise to investors, as the integrated energy firm has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
TOT currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the energy sector is Seadrill Partners LLC (SDLP), which currently carries a Zacks Rank #1 (Strong Buy).
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