TotalEnergies, FR0000120271

Zacks upgrades TotalEnergies stock to strong buy before October 29 results

Published on 10/23/2026 at 11:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Zacks moved TotalEnergies to strong buy on October 19, 2026. TotalEnergies stock costs EUR 81.23, 1.55 percent above the Xetra close.

Analyst upgrade and operating signals

Zacks Research upgraded TotalEnergies to strong buy on October 19, 2026.
European refining margins reached USD 33.20 per barrel in the third quarter against USD 8.40 a year earlier.
TotalEnergies stock trades at EUR 81.23 at 10:50 a.m. CEST at Lang & Schwarz on October 23, 2026, 1.55 percent above the Xetra close of October 22, 2026.

Offshore-Bohrplattform bei Sonnenuntergang, LNG-Tanker am Horizont über dem Meer — TotalEnergies FR0000120271 zeigt eine fotorealistische Offshore-Bohrplattform mit großen LNG-Tankern bei goldenem Meeressonnenuntergang, Illustration mit AI erstellt.

TotalEnergies (ISIN FR0000120271) trades at EUR 81.23 at Lang & Schwarz on October 23, 2026, 1.55 percent above the Xetra close of October 22, 2026. MarketBeat reported on October 21 that Zacks Research had upgraded the stock from hold to strong buy in a report released on October 19.

Analyst action precedes results

The upgrade arrived before TotalEnergies' scheduled third-quarter results on October 29. TotalEnergies lists the results presentation for October 29, 2026, from 1:00 p.m. to 2:30 p.m. London time.

MarketBeat reported that the wider analyst consensus stood at Moderate Buy with an average target of USD 92.71. The same report cited TD Cowen's October 13 target cut from USD 108.00 to USD 105.00, giving investors a counterpoint to the Zacks upgrade.

Third-quarter signals are stronger

Business Wire reported on October 15 that TotalEnergies expected third-quarter hydrocarbon production of 2.45 to 2.50 million barrels of oil equivalent per day. Production excluding the Middle East impact was expected to grow more than 4 percent from the third quarter of 2025, above the annual guidance of 3 percent.

What does the refinery signal mean?

The key operating comparison is the European Refining Margin Marker at USD 33.20 per barrel in the third quarter, versus USD 8.40 in the third quarter of 2025. Business Wire also reported a projected USD 2.00 billion increase in Refining and Chemicals cash flow from the second quarter, while Integrated Power cash flow was anticipated at USD 750 million to USD 800 million.

Three dated steps to results

On June 30, 2026, TotalEnergies reported quarterly earnings per share of USD 2.68 and revenue of USD 57.10 billion, according to MarketBeat. On October 15, the company published third-quarter indicators including the USD 33.20 refining margin. On October 19, Zacks Research upgraded its rating to strong buy, as reported by MarketBeat.

Dates after the October report

The next two scheduled dates are October 29, 2026, for third-quarter results and December 31, 2026, for the next interim dividend detachment, according to the investor calendar and Boursorama.

Stock price and valuation context

TotalEnergies stock is 1.55 percent above the Xetra close of October 22, while its EUR 81.23 Lang & Schwarz price remains below the EUR 81.63 52-week high shown in the October 23 market overview. Market capitalization was EUR 180.5 billion as of October 23, 2026.

TotalEnergies was trading at EUR 81.23 at Lang & Schwarz on October 23, 2026 at 10:50 a.m. CEST, 1.55 percent above the Xetra close of October 22, 2026 at EUR 79.99. The further course of trading is shown by the continuously updated real-time quote of TotalEnergies stock.