TotalEnergies (NYSE:TTE) Upgraded by RBC Capital Amid Strategic Moves

Font: Financial Modeling Prep  • Sep 30, 2025

• RBC Capital upgrades TotalEnergies (NYSE:TTE) to "Outperform" and adjusts the price target.
• TotalEnergies is expanding its energy operations in the United States by acquiring a stake in an onshore gas field.
• The company is reducing its capital expenditures by $1 billion annually, reflecting a trend towards financial prudence.

On September 30, 2025, RBC Capital upgraded TotalEnergies (NYSE:TTE) to "Outperform," with the stock priced at $61.72. RBC Capital also adjusted the price target from €75 to €70. TotalEnergies, a major player in the energy sector, is known for its integrated oil operations. It competes with other giants like BP PLC in the global market.

TotalEnergies is making strategic moves to enhance its presence in the United States. The company is acquiring a stake in an onshore gas field, signaling its commitment to expanding energy operations in the region. This aligns with BP's $5 billion investment in an offshore oil field, as highlighted by their recent announcements.

Despite these expansion efforts, TotalEnergies is reducing its capital expenditures by $1 billion annually. This decision reflects a broader industry trend towards financial prudence. The company aims to balance growth with cost management, a strategy that resonates with investors seeking stability.

Currently, TTE's stock is priced at $59.63, marking a 3.39% decrease from the previous price. The stock has fluctuated between $59.22 and $62.29 today. Over the past year, it reached a high of $69.79 and a low of $52.78, indicating volatility in the market.

TotalEnergies has a market capitalization of approximately $134.5 billion, showcasing its significant presence in the industry. With a trading volume of 355,981 shares today, investor interest remains strong. The company's strategic decisions and market performance continue to be closely monitored by stakeholders.