TotalEnergies SE (TTE)

[conix]

Total Has Nearly 50% Upside Potential Over The Next 2 Years

Jun. 24, 2020 9:16 AM ET|

About: TOTAL S.A. (TOT)

Aristofanis Papadatos

Summary

Total has rallied 50% off its recent bottom, but it still has nearly 50% upside potential over the next two years.

Total has promising growth prospects and offers a 7.5% dividend yield.

Even if the pandemic takes a turn for the worse, Total is by far the most resilient oil major thanks to its unmatched integrated business model.

Total (NYSE:TOT) has rallied 50% off its 20-year low, which was posted in March amid the sell-off caused by coronavirus. However, the stock is still trading far below its level in the beginning of the year, before the coronavirus crisis, and is significantly undervalued. As a result, Total still has nearly 50% upside potential over the next two years.