Eni SpA

E · AIM

$62.08+$2.55 (+4.28%)TodayMarket closed · Oct 23, 7:30 PM ET

Prev close $59.53

E analyst rating

BuyConsensus of 3 analysts over the last 12 months. 67% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform0
Sell0

12-month price target · 28 analysts

Average $61.50 (−0.9% downside)

Low: $53.90
Now: $62.08
High: $75.35

Upgrades and downgrades

The latest rating actions, newest first

E analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Apr 9, 2026	Maintains	Sector Perform	$24.00 → $28.00	57%
JP Morgan	Mar 2, 2026	Upgrade	Underweight → Overweight	—	67%
JP Morgan	Dec 5, 2025	Downgrade	Overweight → Underweight	—	67%
UBS	Nov 25, 2025	Upgrade	Neutral → Buy	—	100%

The case for and against

Updated Feb 9, 2026

Bull case

Eni's positive outlook is supported by a strong balance sheet, highlighted by an inflection in gearing resulting from asset sales, which surpassed market expectations. The company demonstrated substantial production capabilities in 2024, achieving 0.8 million barrels of liquids and 4.8 billion cubic feet of natural gas per day, while holding 6.5 billion barrels of oil equivalent in reserves, with 46% being liquids. Additionally, the strategic establishment of Plenitude to focus on renewable and low-carbon initiatives may enhance future growth prospects as Eni prepares for a potential public listing of this entity.

Bear case

Eni's stock faces a negative outlook due to the company's vulnerability to falling crude oil prices, with a downside scenario projecting Brent crude at $40 per barrel by 2025, which could severely impact earnings. Additionally, the ongoing struggles within the European chemicals sector, characterized by margins significantly below cyclical norms due to subdued demand and higher operational costs, further exacerbate financial challenges for Eni's refining and chemicals business. Lastly, stagnant volumes and declining upstream production among industry peers add to the uncertainty surrounding Eni's growth prospects in a competitive market.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.