TotalEnergies (NYSE:TTE) Reaches New 1-Year High - Time to Buy?

Key Points

• TotalEnergies shares reached a new 52-week high of $94.46 after the company reported strong third-quarter results, including adjusted net income of $9.1 billion, up 51% from the prior quarter and 127% year over year.
• Cash flow and nine-month earnings strengthened, while the company approved a 5.9% increase in its interim dividend to €0.90 per share and expanded its U.S. offshore exploration partnership with Chevron.
• Analysts maintain a consensus “Moderate Buy” rating with a $92.71 target price, but investors should weigh the stock’s exposure to potentially weaker oil, gas and refining conditions after an unusually favorable period.

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Get Free Report) hit a new 52-week high during trading on Thursday. The stock traded as high as $94.46 and last traded at $94.4060, with a volume of 80,996 shares trading hands. The stock had previously closed at $92.88.

Trending Headlines about TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: Strong Q3 earnings: Adjusted net income increased 51% from the prior quarter to $9.1 billion, or $4.03 per diluted share, exceeding expectations. Net income rose 127% year over year, supported by historically high refining margins, favorable natural-gas conditions and higher oil prices. TotalEnergies SE Third Quarter 2026 Results
• Positive Sentiment: Cash flow and full-year performance strengthened: Cash flow from operations excluding working capital rose 25% sequentially to $12.3 billion, while nine-month adjusted net income climbed 75% to $20.5 billion. These results support continued shareholder returns and balance-sheet flexibility. TotalEnergies third-quarter profit up 127%
• Positive Sentiment: Dividend increased: TotalEnergies approved a third interim dividend of €0.90 per share for fiscal 2026, representing a 5.9% increase from 2025. The higher payout may appeal to income-oriented investors. TotalEnergies third interim dividend
• Positive Sentiment: U.S. exploration footprint expanded: TotalEnergies acquired a 25% interest in 26 Chevron-operated offshore exploration leases in the Green Canyon and Walker Ridge areas. The transaction broadens its U.S. portfolio and deepens its partnership with Chevron. TotalEnergies enters Chevron-operated offshore exploration blocks
• Positive Sentiment: Analyst support: Erste Group Bank raised its earnings estimates for TTE, indicating that the strong operating environment and quarterly results could lead to higher forecasts.
• Neutral Sentiment: Top-line results were mixed: Although earnings per share beat consensus, coverage characterized revenue performance as a miss, leaving investors sensitive to commodity prices, refining margins and natural-gas market conditions.
• Negative Sentiment: Commodity and geopolitical exposure remain risks: The earnings surge benefited from unusually favorable energy prices and heightened geopolitical tensions. A normalization in oil, gas or refining markets could reduce profits in coming quarters.

Wall Street Analysts Forecast Growth

TTE has been the topic of several recent analyst reports. Piper Sandler lifted their target price on TotalEnergies from $84.00 to $93.00 and gave the company a "neutral" rating in a research note on Thursday, September 3rd. Barclays reiterated an "overweight" rating on shares of TotalEnergies in a research report on Monday, October 5th. Zacks Research upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Monday, October 19th. Morgan Stanley set a $90.00 target price on shares of TotalEnergies and gave the company an "equal weight" rating in a research note on Thursday, September 3rd. Finally, Mizuho set a $108.00 target price on TotalEnergies in a research note on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $92.71.

TotalEnergies Stock Performance

The company has a market cap of $225.05 billion, a PE ratio of 11.77 and a beta of 0.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. The business has a fifty day simple moving average of $89.39 and a two-hundred day simple moving average of $84.76.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Friday, October 30th. The company reported $4.03 EPS for the quarter, beating the consensus estimate of $3.84 by $0.19. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $55.39 billion. Research analysts anticipate that TotalEnergies SE Sponsored ADR will post 12.70 earnings per share for the current year.

Institutional Investors Weigh In On TotalEnergies

Hedge funds have recently modified their holdings of the company. Amundi acquired a new position in TotalEnergies during the 1st quarter worth approximately $18,868,822,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of TotalEnergies during the 1st quarter worth $1,103,799,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of TotalEnergies during the first quarter worth $378,821,000. Janus Henderson Group PLC grew its stake in shares of TotalEnergies by 25.2% during the first quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company's stock worth $1,055,775,000 after purchasing an additional 2,287,500 shares in the last quarter. Finally, DJE Kapital AG increased its holdings in shares of TotalEnergies by 91.1% in the 1st quarter. DJE Kapital AG now owns 3,052,518 shares of the company's stock valued at $282,461,000 after acquiring an additional 1,455,230 shares during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Company Profile

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company's activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.

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