11 Most Undervalued Energy Stocks to Buy Now

9. TotalEnergies SE (NYSE:TTE)

TotalEnergies SE (NYSE:TTE) is one of the most undervalued energy stocks to buy now. BofA lifted the price target on TotalEnergies SE (NYSE:TTE) to EUR 75 from EUR 70 on March 13 and reiterated a Buy rating on the shares. The firm stated that its commodities research team raised oil and gas price forecasts across 2026-2027, driving higher price targets across BofA’s European oil and gas coverage. It lifted oil and gas price forecasts to reflect the risks of a prolonged shutdown of the Strait of Hormuz.

TotalEnergies SE (NYSE:TTE) also received a rating update from Piper Sandler on March 12. The firm lifted the price target on the stock to $92 from $74, maintaining a Neutral rating on the shares and telling investors that it is revising forward estimates and price targets on the back of a $5.00/bbl increase in its mid-cycle WTI price forecast. It stated that this was driven by the lasting effects of the war in Iran.

Piper further said that although the duration of outages in the Middle East remains highly uncertain, the firm’s commodity macro team, led by Global Energy Strategist Jan Stuart, expects the 2026 crude balances to tighten by about 2.0 Mb/d compared to prior expectations. It added that lingering impacts/risk premiums and global resource tightening will raise the bar on future investment.

TotalEnergies SE (NYSE:TTE) operates as a global integrated energy company that produces natural gas and green gases, oil and biofuels, as well as renewables and electricity. It is headquartered in Courbevoie, France, and operates through the following business segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.