TotalEnergies, FR0000120271

TotalEnergies stock gains on Angola oil discovery and share buybacks

Published on 09/10/2026 at 14:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TotalEnergies stock is supported by a new oil discovery in Angola announced on September 10, 2026 and an active EUR 93 million share buyback program. Analysts such as J.P. Morgan also highlight upside with an EUR 83.00 price target set on September 9, 2026.

Flatlay: Rohöl-Proben, Solarpaneel, LNG-Diagramm und ISIN-Karte FR0000120271 auf Marmor — TotalEnergies FR0000120271 Flatlay zeigt Öl-Probefläschchen, Solarpaneel-Modul, LNG-Prozessdiagramm und ISIN-Karte auf weißem Marmor, Illustration mit AI erstellt.

TotalEnergies SE stock (ISIN FR0000120271) is trading with support from fresh exploration news and ongoing share repurchases after the company announced a new oil discovery in Angola on September 10, 2026 and detailed around EUR 93 million of buybacks executed in early September 2026, while J.P. Morgan set a price target of EUR 83.00 on September 9, 2026.

Angola discovery underpins growth story

According to Investing.com on September 10, 2026, TotalEnergies announced an oil discovery on Block 17 offshore Angola and agreements to acquire interests in additional exploration blocks in the country, adding new resources to its upstream portfolio.

The report notes that the discovery is located offshore Angola and that TotalEnergies will buy a 40 percent operated interest in two new exploration blocks, expanding its footprint in a region where it already has significant production, as summarized by The Edge Malaysia on September 10, 2026.

For investors, the Angola development matters because it can support future volumes and cash flow, especially as Brent crude prices hold above USD 100 per barrel, with Brent quoted around USD 101.53 on September 10, 2026, according to a market overview from MarketScreener.

Share buybacks and recent earnings context

Alongside the exploration news, TotalEnergies is returning capital to shareholders through buybacks, with the company disclosing purchases of its own shares from August 31 to September 4, 2026 totaling 1,208,890 shares for an aggregate amount of EUR 92,999,744.26, at a daily weighted average price of EUR 76.93 per share, according to a disclosure published on September 10, 2026 by StockTitan.

This buyback volume of 1,208,890 shares over five trading days compares with a total cash outlay of about EUR 93.0 million, implying that the repurchases were executed at an average price around 76.93 euros per share, slightly below recent trading levels near 77 to 78 euros, as detailed by StockTitan on September 10, 2026.

On the earnings side, TotalEnergies last reported quarterly figures for the period ended June 30, 2026, with earnings per share of USD 2.68 and revenue of USD 57.10 billion, as cited by MarketBeat on September 10, 2026.

The same overview notes that TotalEnergies generated a return on equity of 15.66 percent and a net margin of 8.29 percent in that quarter, with analysts expecting full-year 2026 earnings per share around USD 11.04, according to MarketBeat.

Analyst views and valuation signals

Analyst sentiment toward TotalEnergies stock remains supportive, with J.P. Morgan reaffirming a Buy rating and setting a price target of EUR 83.00 on September 9, 2026, a level modestly above the recent share price, as reported by The Globe and Mail.

In the same coverage, Barclays analyst Lydia Rainforth maintained a Buy view with a positive stance on the integrated gas and energy business, while Piper Sandler reiterated a Hold rating on TotalEnergies on September 3, 2026, underscoring a mix of bullish and more cautious opinions in the market, according to The Globe and Mail.

Based on data compiled by MarketBeat on September 10, 2026, the TotalEnergies ADR listed on the New York Stock Exchange carries a consensus rating of Hold with an average price target of USD 88.50, which is slightly below the latest NYSE opening level of USD 91.69 noted there.

Stock price, market data and investor takeaways

According to the same MarketBeat snapshot on September 10, 2026, the TotalEnergies ADR on the New York Stock Exchange opened at USD 91.69, implying that the consensus USD 88.50 target sits about 3.5 percent under that opening price, while the stock trades above this average target but below the more optimistic EUR 83.00 target set by J.P. Morgan, when converted into dollars at prevailing exchange rates.

In Paris, TotalEnergies shares recently traded around the upper 70-euro range, and the EUR 83.00 J.P. Morgan price target represents roughly a 7 to 8 percent upside versus buyback execution prices near EUR 76.93 per share disclosed for early September 2026, based on the share repurchase data from StockTitan.

For investors, the combination of Angola exploration upside, robust oil prices above USD 100 per barrel, active capital returns via EUR 93.0 million in buybacks and a June 30, 2026 quarterly earnings print showing USD 57.10 billion in revenue and USD 2.68 earnings per share offers a multifaceted case for the TotalEnergies stock, balanced against risks such as weaker integrated gas results highlighted in recent commentary and mixed analyst ratings, as referenced by MarketBeat and industry coverage.