Partnership Details: TotalEnergies, holding a 50% stake, along with QatarEnergy (35%) and SNPC (15%), has received the Nzombo exploration permit in the Republic of the Congo.
Permit Specifications: The Nzombo permit spans 1,000 square kilometers and is situated 100 kilometers off the coast of Pointe-Noire, near TotalEnergies' Moho production facilities.
Exploration Plans: The work program includes plans to drill one exploration well, anticipated to commence before the end of 2025.
Strategic Importance
Expansion Strategy: Kevin McLachlan, Senior Vice-President Exploration at TotalEnergies, emphasized that this permit aligns with the company's strategy to expand its exploration portfolio with high-impact prospects that can utilize existing facilities.
Longstanding Partnership: The award of the Nzombo permit reinforces TotalEnergies' ongoing collaboration with the Republic of the Congo.
About TotalEnergies
Company Overview: TotalEnergies is a global integrated energy company involved in the production and marketing of various energy sources, including oil, natural gas, and renewables.
Workforce and Commitment: The company employs over 100,000 individuals and is active in approximately 120 countries, focusing on providing reliable, affordable, and sustainable energy solutions.
TTE
$63.85+Infinity%1D
Analyst Views on TTE
Wall Street analysts forecast TTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTE is 68.49 USD with a low forecast of 62.50 USD and a high forecast of 81.52 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Analyst Rating
Wall Street analysts forecast TTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TTE is 68.49 USD with a low forecast of 62.50 USD and a high forecast of 81.52 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
6 Hold
0 Sell
Hold
Current: 65.260
Low
62.50
Averages
68.49
High
81.52
Current: 65.260
Low
62.50
Averages
68.49
High
81.52
Jefferies
Buy
to
Hold
downgrade
2025-12-12
New
Reason
Jefferies
Price Target
2025-12-12
New
downgrade
Buy
to
Hold
Reason
Jefferies downgraded Galp Energia (GLPEY) to Hold from Buy with a price target of EUR 15, down from EUR 21, citing "material reductions" to the firm's sum-of-the-parts and discounted cash flow valuations post-Namibia asset swap with TotalEnergies (TTE). Near-term refining margin offers Q4 earnings support, but the firm argues that Galp's "strategic, valuation & growth investment case has been materially set back" by the Mopane asset-swap read-across.
Citi
Buy -> Neutral
downgrade
2025-12-09
Reason
Citi
Price Target
2025-12-09
downgrade
Buy -> Neutral
Reason
Citi downgraded Galp Energia to Neutral from Buy with a price target of EUR 15, down from EUR 23. The firm says the sale price of 40% of the company's Mopane asset to TotalEnergies (TTE) is lower than expected.
Piper Sandler
Ryan Todd
Neutral
maintain
$69 -> $70
2025-11-10
Reason
Piper Sandler
Ryan Todd
Price Target
$69 -> $70
2025-11-10
maintain
Neutral
Reason
Piper Sandler analyst Ryan Todd raised the firm's price target on TotalEnergies to $70 from $69 and keeps a Neutral rating on the shares. The firm says that although investor concern regarding the near-term outlook for crude oil is keeping sentiment muted for now, Q3 results continue to highlight the strong relative positioning of the group within energy. While consistent with longer-term trends, a few key takeaways remain clear, namely that free cash flow generation is resilient, headline growth remains relatively strong, and structural cost savings are gradually driving down breakeven, Piper adds.
Piper Sandler
Neutral
maintain
$68 -> $69
2025-10-20
Reason
Piper Sandler
Price Target
$68 -> $69
2025-10-20
maintain
Neutral
Reason
Piper Sandler raised the firm's price target on TotalEnergies to $69 from $68 and keeps a Neutral rating on the shares. The firm is updating its Q3 estimates for TotalEnergies based on recently provided company guidance and modest adjustments to operating assumptions. Piper views overall guidance as largely better than expected.
About TTE
TotalEnergies SE is a France-based company. The Company is predominantly engaged in the business as a worldwide oil group. Its segment divisions are divided into refining and chemistry such as refining of petroleum products and manufacture of basic chemistry and of specialty chemistry, petroleum products distribution, electricity generation from combined cycle gas plants and renewable energies, gas production, trading, transport and distribution primarily includes liquefied natural gas, natural gas, biogas, hydrogen, liquefied petroleum gas and hydrocarbon operating and production. The group is also operating in trading and sea transport of crude oil and oil products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
