9 Most Undervalued Foreign Stocks to Buy Now

7. TotalEnergies SE (NYSE:TTE)

Forward Price to Earnings Ratio: 8.06

Number of Hedge Fund Holders: 26 

TotalEnergies SE (NYSE:TTE) is one of the Most Undervalued Foreign Stocks to Buy Now. On May 12, Morgan Stanley raised the price target on TotalEnergies SE (NYSE:TTE) from EUR 88.3 to EUR 89.1, while maintaining an Overweight rating on the shares. More recently, on May 18, TD Cowen upgraded the stock from Hold to Buy and raised the price target from $66 to $97.

The ratings follow TotalEnergies fiscal Q1 2026 earnings reported on April 29. During the quarter, the company posted strong earnings. The adjusted net income reached $5.4 billion, reflecting a 29% year-on-year growth and ahead of analyst expectations of $5 billion. A report by Reuters noted that the results were driven largely by the ongoing Iran war, which has sent global energy prices soaring, with Brent crude reaching near $120 a barrel.

The report by Reuters highlighted that while the US-Iran conflict has disrupted the company’s operations by forcing it to shut down 15% upstream output, the higher prices across all business segments has more than offset this loss. The most notable segment for the company was its refining and chemicals, which surged five fold to $1.6 billion, driven by strong trading activity.

As a result, the company raised its dividend by 5.9% and doubled share buybacks to $1.5 billion for Q2. This reflects a reversal from its cautious stance in late 2025, when low oil prices had prompted cost-cutting.

TotalEnergies SE (NYSE:TTE) is a global multi-energy company that produces and markets oil, biofuels, natural‍ gas, renewables, and electricity.