Eni SPA (E) AI Stock Analysis

• Market Cap: $62.15B
• Dividend Yield: 5.41%
• Average Volume (3M): 249.47K
• Price to Earnings (P/E): 20.8
• Beta (1Y): 0.29
• Revenue Growth: -3.84%
• EPS Growth: 15.75%
• Country: US
• Employees: 32,492
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Integrated
• EPS (TTM): 0.94
• Shares Outstanding: 1,573,382,600
• 10 Day Avg. Volume: 228,426
• 30 Day Avg. Volume: 249,473
• PEG Ratio: -0.38
• Price to Book (P/B): 0.84
• Price to Sales (P/S): 0.50
• P/FCF Ratio: 8.67
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 0.90
• Enterprise Value/Gross Profit: 8.98
• Enterprise Value/Ebitda: 3.15
• 1Y Price Target: $18.55
• Price Target Upside: -54.67% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 79 Outperform
• Price Target: $48.00 ▲(17.30% Upside)

Eni SPA's overall stock score is driven by strong earnings call results and positive technical indicators, which highlight the company's strategic growth and operational efficiency. Financial performance shows solid cash flow and a stable balance sheet, though profitability and revenue growth remain areas for improvement. The valuation is reasonable, with a high dividend yield adding to the stock's appeal.

Positive Factors

Strategic LNG Projects

The Coral North FLNG project represents a significant strategic initiative that enhances Eni's LNG production capacity, positioning the company as a key player in the global LNG market. This development is expected to provide long-term growth opportunities and strengthen Eni's competitive advantage.

Production Growth

The substantial increase in production reflects Eni's successful execution of strategic projects and optimization efforts. This growth underpins Eni's ability to expand its market presence and improve its revenue base over the long term.

Cash Flow Strength

Strong cash flow generation indicates Eni's ability to support ongoing operations and investments. This financial strength provides the company with flexibility to pursue strategic initiatives and withstand market fluctuations.

Negative Factors

Profitability Challenges

The decline in profitability highlights cost pressures and market challenges that could impact Eni's financial performance. Sustained pressure on margins may affect the company's ability to invest in growth and maintain competitive positioning.

Revenue Decline

The decrease in revenue signals a challenging market environment and potential demand issues. Continued revenue decline could hinder Eni's growth prospects and affect its ability to fund strategic initiatives.

Increased Leverage

The rise in leverage indicates higher financial risk, which could limit Eni's financial flexibility. Increased debt levels may constrain the company's ability to invest in growth opportunities and manage economic downturns effectively.

Eni SPA Business Overview & Revenue Model

Company Description

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and storage projects. The Global Gas & LNG Portfolio segment engages in the supply and wholesale of natural gas by pipeline, international transport; and purchase and marketing of LNG. The Refining & Marketing and Chemicals segment is involved in the processing, supply, distribution, and marketing of fuels and chemicals. The Eni gas e luce, Power & Renewables segment engages in the retail sales of gas, electricity, and related activities, as well as in the production and wholesale of electricity produced by thermoelectric and renewable plants. As of December 31, 2021, it had net proved reserves of 6,628 million barrels of oil equivalent; and installed operational capacity of 4.5 GW. The company was founded in 1953 and is headquartered in Rome, Italy.

How the Company Makes Money

Eni generates revenue through multiple streams primarily focused on its upstream and downstream operations. In the upstream sector, the company earns money from the exploration and production of crude oil and natural gas, selling these resources to refiners and distributors. The midstream segment contributes by providing transportation and storage services, often through long-term contracts. In the downstream sector, Eni makes money from refining crude oil into various petroleum products and through the sale of these products in retail markets. Additionally, Eni is expanding its portfolio in renewable energy, which may provide new revenue opportunities in the future. The company's strategic partnerships with other energy firms and national oil companies also enhance its access to resources and markets, contributing to its overall financial performance.

Eni SPA Financial Statement Overview

Summary

Eni SPA demonstrates solid financial management with strong operational cash flows and a stable balance sheet, albeit with some profitability and revenue growth challenges. The income statement reflects cost pressures and decreased profitability, while the balance sheet shows a solid equity position but with increased leverage. Cash flow remains a key strength, supporting the company's operations and investments.

Income Statement

The company's income statement shows a mixed performance. Gross profit margin has declined from previous years, with the TTM at 12.86% compared to 21.98% in 2022, indicating cost pressures. The net profit margin is also lower at 2.89% TTM, down from 10.48% in 2022, reflecting decreased profitability. Revenue has decreased by 5.75% TTM compared to 2024, signaling a challenging market environment. However, EBITDA margin remains strong at 26.17% TTM, showcasing operational efficiency. Overall, while there are profitability and revenue growth concerns, the company maintains solid operational margins.

Balance Sheet

The balance sheet reveals a stable financial position with some cautionary signs. The debt-to-equity ratio is at 0.70 TTM, which shows a manageable leverage level but has increased slightly from 0.59 in 2022. The equity ratio is relatively strong at 36.51% TTM, indicating a solid equity base. Return on equity has decreased to 4.99% TTM from 25.36% in 2022, reflecting reduced profitability. Overall, the company maintains a robust equity position but faces challenges in leverage and profitability.

Cash Flow

The cash flow statement is a strength for the company. The operating cash flow to net income ratio is robust at 5.04 TTM, indicating strong cash generation relative to profit. Free cash flow is positive at $4.16 billion TTM, although it has decreased from previous years, indicating some pressure on cash generation. Free cash flow to net income ratio is also strong at 1.67 TTM, suggesting efficient cash conversion. Despite a decline in free cash flow growth, the company has a solid cash flow position overall.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	85.48B	88.80B	93.72B	132.51B	76.58B	43.99B
Gross Profit	8.54B	10.08B	12.40B	22.78B	13.96B	3.13B
EBITDA	24.29B	23.07B	25.82B	38.59B	21.96B	6.28B
Net Income	2.47B	2.62B	4.77B	13.89B	5.82B	-8.63B
Balance Sheet
Total Assets	136.21B	146.95B	142.61B	152.17B	137.76B	137.90B
Cash, Cash Equivalents and Short-Term Investments	16.60B	14.98B	16.77B	19.91B	18.86B	18.25B
Total Debt	34.87B	34.97B	33.11B	31.87B	33.13B	38.79B
Total Liabilities	82.81B	91.26B	88.96B	96.94B	93.25B	92.03B
Stockholders Equity	49.74B	52.83B	53.18B	54.76B	44.44B	45.78B
Cash Flow
Free Cash Flow	4.16B	5.09B	5.90B	9.40B	7.63B	190.00M
Operating Cash Flow	12.52B	13.09B	15.12B	17.46B	12.86B	4.82B
Investing Cash Flow	-8.52B	-9.82B	-9.37B	-7.02B	-12.02B	-4.59B
Financing Cash Flow	-4.89B	-5.38B	-5.67B	-8.54B	-2.04B	3.25B

Eni SPA Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 40.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For E, the sentiment is Positive. The current price of 40.92 is above the 20-day moving average (MA) of 38.99, above the 50-day MA of 38.04, and above the 200-day MA of 33.97, indicating a bullish trend. The MACD of 0.90 indicates Negative momentum. The RSI at 63.67 is Neutral, neither overbought nor oversold. The STOCH value of 85.03 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for E.

Eni SPA Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
E	79 Outperform	$62.15B	20.82	5.31%	5.41%	-3.84%	15.75%
SHEL	78 Outperform	$216.65B	15.73	8.06%	3.92%	-6.96%	0.03%
PBR	70 Outperform	$95.34B	7.24	18.20%	14.10%	-11.63%	-15.67%
EQNR	69 Neutral	$67.52B	12.73	13.49%	7.43%	1.53%	-35.81%
BP	68 Neutral	$97.69B	62.72	2.52%	5.62%	-4.11%	-37.59%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Eni SPA Corporate Events

Eni Buys Back €40 Million of Shares, Lifting Treasury Holdings to 6.2% of Capital

Between 12 and 16 January 2026, Eni S.p.A. bought back 2,446,380 of its own shares on Euronext Milan, equal to 0.08% of its share capital, at a weighted average price of €16.3507 per share for a total outlay of about €40 million, as part of the treasury share repurchase programme approved by shareholders on 14 May 2025. Since the launch of this buyback on 20 May 2025, Eni has repurchased 108,305,100 shares, representing 3.44% of its capital, bringing its total treasury shareholding to 195,133,114 shares or 6.20% of the share capital when combined with shares already held and those granted free of charge to executives and employees, underscoring the group’s continued capital-return strategy and active management of its equity base for shareholders and plan participants.

The most recent analyst rating on (E) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on Eni SPA stock, see the E Stock Forecast page.

Eni Details January 5–9, 2026 Tranche of Ongoing Share Buyback

During the period from 5 to 9 January 2026, Eni carried out a new tranche of its shareholder-approved treasury share buyback programme on Euronext Milan, repurchasing 2,989,991 shares, equal to 0.10% of its share capital, at a weighted average price of €16.1626 for a total outlay of €48.3 million. Since the launch of the buyback on 20 May 2025, the company had acquired 105,858,720 shares, representing 3.36% of its capital for about €1.58 billion, and, taking into account existing treasury shares and stock granted to executives and employees under incentive and ownership plans, Eni’s treasury holding stood at 192,686,734 shares, or 6.12% of share capital, underscoring an ongoing capital management strategy that can support earnings per share and signal confidence to investors.

The most recent analyst rating on (E) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on Eni SPA stock, see the E Stock Forecast page.

Eni Details Latest Tranche of Share Buyback Completed Between 29 December 2025 and 2 January 2026

Between 29 December 2025 and 2 January 2026, Eni executed a tranche of its shareholder-approved treasury share buyback program on Euronext Milan, repurchasing 1,857,882 shares, equivalent to about 0.06% of its share capital, at a weighted average price of €16.1474 per share for a total outlay of €29,999,992.66. Since the buyback program began on 20 May 2025, the company had cumulatively acquired 102,868,729 shares, or roughly 3.27% of its share capital, bringing total treasury holdings to 189,696,743 shares, or 6.03% of the share capital after factoring in shares already held and stock granted under executive and employee incentive plans, underscoring Eni’s continued emphasis on capital returns and active equity management for shareholders as of early January 2026.

The most recent analyst rating on (E) stock is a Hold with a $14.80 price target. To see the full list of analyst forecasts on Eni SPA stock, see the E Stock Forecast page.

Eni Expands 2025 Buyback, Lifts Treasury Stake to Nearly 6%

Between 15 and 19 December 2025, Eni S.p.A. carried out a new tranche of its share buyback programme on Euronext Milan, repurchasing 5,675,689 treasury shares, equivalent to about 0.18% of its share capital, at a weighted average price of €15.8104 per share for a total outlay of €89.7 million. Since the start of the buyback on 20 May 2025, Eni has accumulated 99,135,602 shares, or 3.15% of its share capital, for roughly €1.47 billion, and now holds a total of 185,963,616 shares, equal to 5.91% of its share capital when including shares already held and those granted free of charge to executives and employees, underscoring an ongoing capital-management strategy that supports shareholder returns and may influence the stock’s liquidity and ownership structure.

The most recent analyst rating on (E) stock is a Hold with a $14.80 price target. To see the full list of analyst forecasts on Eni SPA stock, see the E Stock Forecast page.

Eni S.p.A. Expands Treasury Share Buyback Program in November 2025

Eni S.p.A. reported the purchase of 2,514,082 treasury shares between November 25 and 28, 2025, as part of its ongoing buyback program. This acquisition, amounting to nearly 40 million euros, represents 0.08% of the company’s share capital and is part of a broader strategy approved by shareholders to enhance shareholder value. Since the start of the buyback program on May 20, 2025, Eni has acquired a total of 84,135,905 shares, equating to 2.67% of its share capital, for over 1.23 billion euros. The accumulation of treasury shares, including those granted to executives and employees under various incentive plans, now totals 170,963,919 shares, representing 5.43% of Eni’s share capital.

The most recent analyst rating on (E) stock is a Hold with a $14.80 price target. To see the full list of analyst forecasts on Eni SPA stock, see the E Stock Forecast page.

Eni S.p.A. Completes Treasury Share Buyback in November 2025

Eni S.p.A. reported the purchase of 3,060,277 treasury shares from November 10 to 14, 2025, as part of its ongoing buyback program. This acquisition, amounting to nearly 50 million euros, represents 0.10% of the company’s share capital and is part of a larger strategy to enhance shareholder value, reflecting Eni’s robust financial position and commitment to strategic capital management.

The most recent analyst rating on (E) stock is a Hold with a $14.80 price target. To see the full list of analyst forecasts on Eni SPA stock, see the E Stock Forecast page.

Eni S.p.A. Completes Treasury Share Buyback in Early November 2025

During the period from November 3 to November 7, 2025, Eni S.p.A. acquired 3,142,690 treasury shares on the Euronext Milan, representing 0.10% of its share capital, at an average price of 15.9099 euros per share, totaling nearly 50 million euros. This acquisition is part of a broader buyback program initiated on May 20, 2025, which has seen Eni purchase 77,956,892 shares, equating to 2.48% of its share capital, for over 1.13 billion euros. This strategic move is aimed at consolidating Eni’s market position and optimizing its capital structure, potentially benefiting shareholders by increasing the value of remaining shares.

The most recent analyst rating on (E) stock is a Hold with a $14.80 price target. To see the full list of analyst forecasts on Eni SPA stock, see the E Stock Forecast page.