TotalEnergies stock forecast: NEO NEXT merger

TotalEnergies is a global energy company whose recent developments include the merger of its UK North Sea assets with NEO NEXT and a new renewables joint venture with Masdar. Past performance is not a reliable indicator of future results. Explore third-party TTE price targets and technical analysis.

By Dan Mitchell10:44 (UTC), 8 April 2026

Photo: Shutterstock

TotalEnergies SA (TTE) is trading around €79.97 in early European trading at 11:19am UTC on 7 April 2026, with an intraday range of €79.03–€80.12. Past performance is not a reliable indicator of future results.

Sentiment around TTE has been shaped by several recent developments. Brent crude prices rose sharply in late March 2026, topping $116 per barrel on 30 March 2026, underpinned by escalating US-Iran tensions and supply concerns related to the Strait of Hormuz, which handles roughly 20% of global oil (Al Jazeera, 30 March 2026). On the corporate side, TotalEnergies completed the merger of its UK North Sea upstream assets with NEO NEXT on 30 March 2026, creating NEO NEXT+, the largest independent oil and gas producer on the UK Continental Shelf, with a 47.5% TotalEnergies stake and an expected 2026 production of over 250,000 barrels of oil equivalent per day (Investing.com, 30 March 2026). Additionally, TotalEnergies and Masdar announced a binding agreement on 2 April 2026 to form a $2.2 billion 50/50 joint venture merging their onshore renewable activities across nine Asian countries, covering 3 GW of operational capacity and a 6 GW development pipeline (TotalEnergies, 2 April 2026).

TotalEnergies stock forecast 2026–2030: Third-party price targets

As of 7 April 2026, third-party TotalEnergies stock predictions increased in late March and early April 2026, with several firms revising targets upward in response to higher oil price assumptions and improved free cash flow visibility.

Berenberg (Neutral reiteration, €78 target)

Berenberg analyst Henry Tarr reiterates a Neutral rating on TotalEnergies, revising the TTE stock forecast upward to €78 from €62. The revision reflects updated commodity price assumptions rather than a change in the firm's cautious view on the stock's near-term re-rating potential (MarketScreener, 2 April 2026).

J.P. Morgan (Buy maintained, €86 target)

J.P. Morgan analyst Matthew Lofting maintains a Buy rating and sets a price target of €86. Lofting cites TotalEnergies' competitive oil leverage, a 12-year proven reserve life, and a balance sheet that may allow the company to convert higher crude prices into increased shareholder distributions (The Globe and Mail, 5 April 2026).

Jefferies (Buy reiteration, €93 target)

Jefferies analyst Mark Wilson reiterates a Buy rating on TotalEnergies, raising the price target to €93 from €78. Wilson's note reflects improving upstream margin assumptions and a positive view on the company's integrated power segment, with data centre-driven demand cited as a structural tailwind (MarketScreener, 2 April 2026).

Morgan Stanley (Overweight maintained, €88.30 target)

Morgan Stanley maintains its Overweight rating on TotalEnergies, lifting its price target to €88.30 from €67.80. The firm's revised target incorporates a higher mid-cycle oil price deck, with analyst Richard Sengmany noting that the update reflects improved upstream earnings capture and revised commodity forecasts across the European integrated energy sector (MarketScreener, 25 March 2026).

Public.com (consensus overview, Hold)

Public.com aggregates ratings from five analysts covering TotalEnergies, producing a consensus Hold rating, with a 12-month average price target of $72.56. The breakdown stands at 20% Buy, 60% Hold, and 20% Strong Sell, with individual targets ranging from $60.80 at the low end to $92 at the high end (Public.com, 31 March 2026).

Across these sources, TotalEnergies stock predictions span €78–€93 on the euro side and $72.56–$92 in the USD-denominated consensus. Buy-rated firms such as Jefferies and Morgan Stanley occupy the upper end of the range. The common thread across upward revisions is a higher oil price deck and improving free cash flow expectations, while Berenberg's Neutral stance reflects continued caution on near-term re-rating.

Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.

TTE stock price: Technical overview

The TotalEnergies stock price trades at €79.97 as of 11:19am UTC on 7 April 2026, with the price sitting above all key moving averages tracked by TradingView. The 20/50/100/200-day simple moving averages are positioned at approximately €76 / €69 / €62 / €58, all reading Buy, with a 20-over-50 alignment intact across both the simple and exponential moving average families. The Hull moving average (9) sits at €79.56, just below the last price, while the volume-weighted moving average (20) holds near €75.91.

Momentum readings from TradingView are broadly supportive, though mixed at the margin. The 14-day relative strength index registers 67.20, placing it in upper-neutral territory and suggesting momentum is firm without appearing overstretched. The average directional index (14) reads 47.54, above the 25 threshold that typically indicates an established directional trend. The MACD level (12, 26) prints at 3.37 but carries a Sell signal, introducing a mild note of caution within an otherwise supportive oscillator picture.

On the classic pivot framework, the nearest resistance reference above the last price is R1 at €86.09; a sustained daily close above that level would put R2 near €91.28 in view. To the downside, the classic pivot (P) at €76.16 represents the first area of reference, with the 100-day simple moving average at €62.44 forming a deeper structural support area (TradingView, 7 April 2026).

This is technical analysis for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.

TotalEnergies share price history (2024–2026)

TotalEnergies’s stock price spent much of mid-2024 trading in the high €60s, reaching a two-year peak around €70.20 on 26 April 2024, before drifting lower through the second half of the year. The stock closed 2024 at €53.35 and ended 2025 at €55.49, with the intervening period broadly range-bound between the mid-€50s and low €60s, interrupted by a sharp dip to €47.71 on 9 April 2025 amid a wider energy sector sell-off tied to tariff-driven market volatility.

The recovery since then has been notably sharp. TTE opened 2026 near €56.21 and climbed steadily through the first quarter, hitting a year-to-date high of €81.43 on 30 March 2026, before pulling back modestly.

As of 7 April 2026, TTE trades at €80.03, approximately 42.4% up year to date and around 59.4% higher year on year.

Past performance is not a reliable indicator of future results. Share prices are indicative and may differ from live market prices.

TotalEnergies (TTE): Capital.com analyst view

TotalEnergies' share price has staged a notable recovery in 2026, rising approximately 42% year to date to trade at €79.97 as of 7 April 2026. The move higher has been supported by elevated Brent crude prices tied to Middle East supply disruption concerns, a J.P. Morgan upgrade to Overweight in early March 2026, and a series of upward broker target revisions through late March and early April. The company's upstream segment has held up well, with a 12-year proven reserve life and expanding LNG capacity cited by several analysts as structural positives. On the corporate front, the completion of the UK North Sea merger with NEO NEXT and the $2.2 billion Masdar joint venture in Asia have broadened TotalEnergies' portfolio across both hydrocarbons and renewables.

That said, the stock's rapid re-rating introduces additional risks. Refining margins collapsed to $2.50 per barrel in Q4 2025, down from $8 the previous year, and the company halved its share buyback guidance at the February 2026 results. TotalEnergies' 20% exposure to Middle East production means geopolitical tensions that have so far supported oil prices could, if conditions deteriorate, disrupt operations directly. Meanwhile, EU carbon border taxes taking effect in 2026 are estimated to add approximately €500 million in annual costs, and ongoing shareholder activism around Scope 3 emissions introduces longer-term governance uncertainty. Should the oil risk premium ease, or demand soften, the tailwinds that have driven the 2026 rally could reverse with similar speed.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Past performance is not a reliable indicator of future results.

Capital.com’s client sentiment for TotalEnergies CFDs

As of 7 April 2026, Capital.com client positioning in TotalEnergies CFDs shows 97% buyers versus 3% sellers, putting buyers ahead by 94 percentage points and placing sentiment firmly in one-sided long positioning territory. This snapshot reflects open positions on Capital.com at the time of writing and can change rapidly as market conditions evolve.

Summary – TotalEnergies 2026

TTE trades at €79.97 as of 11:19am UTC on 7 April 2026, up approximately 42.4% year to date and 59.4% year on year from €50.20 on 7 April 2025.
Risks include a collapse in refining margins to $2.50 per barrel in Q4 2025, a halved share buyback programme, EU carbon border tax costs estimated at around €500 million annually, and the company's 20% production exposure to the Middle East.
TotalEnergies completed a UK North Sea merger with NEO NEXT in late March 2026 and announced a $2.2 billion joint venture with Masdar covering renewables across nine Asian countries in early April 2026.

Past performance is not a reliable indicator of future results.

FAQ

Who owns the most TotalEnergies stock?

TotalEnergies is a publicly listed company, so ownership is spread across institutional investors, asset managers and retail shareholders. The largest positions are typically held by major global investment firms rather than a single controlling owner. Ownership levels can also change over time as funds rebalance or adjust exposure. For that reason, investors usually refer to the latest regulatory filings and company disclosures for the most up-to-date breakdown of major shareholders.

What is the 5 year TotalEnergies share price forecast?

There is no fixed five-year TTE stock forecast, and long-term projections vary widely across third-party analysts and market commentators. Over a multi-year horizon, the stock could be influenced by oil and gas prices, refining margins, capital returns, renewable energy investment, regulation and broader equity market conditions. Longer-term forecasts should be treated with caution, as they are based on assumptions that may change materially over time and are not guarantees of future performance.

Is TotalEnergies a good stock to buy?

Whether TotalEnergies is considered a good stock to buy depends on an individual’s objectives, risk tolerance and time horizon. Some market participants may focus on its oil and gas exposure, integrated business model and cash flow generation, while others may focus on commodity-price sensitivity, regulatory pressure and geopolitical risk. A balanced view should consider both upside drivers and downside risks. This is why the stock is usually assessed in the context of a broader investment strategy rather than in isolation.

Could TotalEnergies stock go up or down?

Yes, TotalEnergies stock could move in either direction, depending on how company-specific and market-wide factors develop. Share price performance may be shaped by changes in crude prices, production trends, broker target revisions, earnings, shareholder returns and geopolitical developments. At the same time, weaker energy prices, softer demand, lower refining margins or operational disruption could weigh on the stock. Like any listed equity, its price can react quickly to new information and changing market expectations.

Should I invest in TotalEnergies stock?

That is a personal decision rather than a general conclusion. Whether to invest in TotalEnergies depends on factors such as your financial goals, appetite for risk, investment horizon and existing portfolio exposure. The stock offers exposure to the energy sector, but it also carries risks linked to commodity prices, regulation and geopolitical events. For that reason, it’s important to do your own research and consider whether the risks and characteristics of the stock fit your own circumstances.

Can I trade TotalEnergies CFDs on Capital.com?

Yes, you can trade TotalEnergies CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.