TotalEnergies SE (TTE)

[peterquinnvet]

This French oil and gas supermajor is up more modestly than Chevron this year, but it was still up more than 7% as of Friday's close, well outperforming the market.

Half of eight analysts recommend investors hold the stock, but 37.5% have it rated as a "buy" and 12.5% have it rated as a "strong buy," according to Webull. Their price targets range from $56 to $81. The stock closed Friday at $54.70.

TotalEnergies earned $5.8 billion in the fourth quarter, more than six times what it earned in that period of 2020.

Prior to the Russian invasion of Ukraine, the company said oil prices could remain high depending on production decisions by OPEC and its allies and oil production in the United States, which has been a key producer in recent decades as fracking has unlocked new reserves.

TotalEnergies has been working to bulk up on its renewables production, with more than 16 gigawatts of renewable generation capacity expected to be in operation by the end of this year.

https://money.usnews.com/investing/stock-market-news/articles/hot-stocks-to-buy-right-now