ENI S.p.A. (ENI) AI Stock Analysis

• Market Cap: €48.42B
• Dividend Yield: 6.4%
• Average Volume (3M): 10.46M
• Price to Earnings (P/E): 17.5
• Beta (1Y): 0.51
• Revenue Growth: -5.46%
• EPS Growth: 13.79%
• Country: IT
• Employees: 32,492
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Integrated
• EPS (TTM): 0.41
• Shares Outstanding: 3,146,765,100
• 10 Day Avg. Volume: 11,265,495
• 30 Day Avg. Volume: 10,462,038
• PEG Ratio: -0.36
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.47
• P/FCF Ratio: 8.14
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €16.19
• Price Target Upside: 1.63% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: €17.00 ▲(6.72% Upside)

ENI S.p.A.'s overall stock score is primarily influenced by its stable financial performance and attractive valuation. However, technical analysis indicates potential overbought conditions, which could pose short-term risks. The lack of recent earnings call data and corporate events limits additional insights into the company's strategic direction.

Positive Factors

Integrated Business Model

ENI's integrated business model enhances operational efficiency and resilience by covering exploration, production, refining, and distribution, providing a competitive edge in the volatile energy sector.

Diverse Revenue Streams

Diverse revenue streams from traditional and renewable energy sources position ENI to adapt to industry shifts towards sustainability, ensuring long-term growth potential.

Balanced Leverage

A balanced debt-to-equity ratio reflects prudent financial management, providing ENI with flexibility to invest in growth opportunities while maintaining financial stability.

Negative Factors

Declining Revenue Growth

Declining revenue growth suggests market or operational challenges, which could hinder ENI's ability to expand and compete effectively in the long term.

Free Cash Flow Decline

A decline in free cash flow growth limits ENI's capacity to fund new projects or service debt, potentially impacting future financial flexibility and investment capability.

Modest Return on Equity

A modest return on equity indicates that ENI may not be maximizing shareholder value, suggesting inefficiencies in capital allocation or operational execution.

ENI S.p.A. 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 primarily through the exploration and production of oil and natural gas, which constitutes a significant portion of its earnings. The company operates in various geographic regions, allowing it to tap into diverse markets and resources. Additionally, ENI earns revenue from refining and selling petroleum products, including fuels and lubricants, through its extensive network of service stations and distribution channels. The company also invests in renewable energy projects, which contribute to its revenue stream as the global energy landscape shifts towards sustainable sources. Strategic partnerships and joint ventures with other energy firms enhance ENI's operational efficiency and market reach, further bolstering its financial performance. Overall, ENI's revenue model is supported by its diverse portfolio and integrated operations across the energy value chain.

ENI S.p.A. Financial Statement Overview

Summary

ENI S.p.A. demonstrates a stable financial foundation with moderate profitability and efficient operations. However, declining revenue and free cash flow growth pose challenges. The company maintains a balanced leverage position, but there is potential for enhancing shareholder returns. Overall, ENI needs to address revenue growth and cash flow generation to strengthen its financial standing.

Income Statement

ENI S.p.A. shows moderate profitability with a gross profit margin of 17.17% and a net profit margin of 2.91% in the TTM period. However, the company faces challenges with a declining revenue growth rate of -3.33% TTM, indicating potential market or operational pressures. The EBIT and EBITDA margins are relatively healthy at 13.46% and 25.70% respectively, suggesting efficient operational management despite revenue pressures.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.70, indicating a balanced approach to leveraging. The return on equity is modest at 4.80% TTM, suggesting room for improvement in generating returns for shareholders. The equity ratio stands at 36.51%, highlighting a solid equity base relative to total assets.

Cash Flow

Cash flow analysis reveals a decline in free cash flow growth by -21.57% TTM, which could impact future investments or debt servicing. The operating cash flow to net income ratio is 0.36, indicating that operating cash flow adequately covers net income. However, the free cash flow to net income ratio of 0.34 suggests limited cash flow available after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	87.03B	91.17B	94.79B	133.64B	77.66B	44.94B
Gross Profit	17.91B	20.38B	21.27B	31.48B	22.43B	11.77B
EBITDA	12.63B	15.19B	16.73B	25.20B	18.55B	7.91B
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	109.65B
Cash, Cash Equivalents and Short-Term Investments	16.60B	14.98B	16.98B	18.41B	14.55B	14.91B
Total Debt	34.87B	34.97B	39.14B	31.87B	33.13B	31.70B
Total Liabilities	82.81B	91.26B	88.96B	96.94B	93.25B	72.16B
Stockholders Equity	49.74B	52.83B	53.18B	54.76B	44.44B	37.41B
Cash Flow
Free Cash Flow	4.28B	5.09B	5.90B	5.04B	7.63B	190.00M
Operating Cash Flow	12.52B	13.09B	15.12B	5.82B	12.86B	4.82B
Investing Cash Flow	-8.52B	-9.82B	-9.37B	-3.71B	-12.02B	-4.59B
Financing Cash Flow	-4.89B	-5.38B	-5.67B	-8.63B	-2.04B	3.25B

ENI S.p.A. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 15.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ENI, the sentiment is Positive. The current price of 15.93 is above the 20-day moving average (MA) of 15.91, above the 50-day MA of 15.30, and above the 200-day MA of 13.78, indicating a bullish trend. The MACD of 0.17 indicates Positive momentum. The RSI at 57.22 is Neutral, neither overbought nor oversold. The STOCH value of 24.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:ENI.

ENI S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TEN	75 Outperform	€18.60B	10.27	12.14%	4.28%	-11.36%	-20.23%
GSP	75 Outperform	€304.14M	17.45	7.52%	2.82%	17.30%	18.72%
SRG	72 Outperform	€18.28B	13.09	17.62%	5.19%	-8.04%	30.49%
TRN	72 Outperform	€18.18B	16.44	19.67%	4.38%	10.18%	8.43%
SPM	66 Neutral	€4.45B	13.47	13.05%	7.24%	18.52%	29.29%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
ENI	63 Neutral	€48.42B	17.55	5.51%	6.40%	-5.46%	13.79%

ENI S.p.A. Corporate Events

ENI S.p.A. Allocates Shares Under Long-term Incentive Plan

ENI S.p.A. announced the free allocation of ordinary shares to Francesco Esposito, a key managerial figure, as part of its 2020-2022 long-term incentive plan. This transaction, which includes a subsequent sale to cover taxes, reflects ENI’s commitment to rewarding its personnel and aligns with its strategic financial management, potentially impacting its market positioning and stakeholder relations.

The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR15.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

ENI S.p.A. Reports Strong Q3 2025 Results Amid Strategic Advancements

ENI S.p.A. reported strong third-quarter results for 2025, driven by strategic execution, volume growth, and cost efficiencies. The company increased its annual cash generation estimate and expanded its share buyback program, reflecting a solid capital structure. Significant developments in ENI’s upstream business include a 6% production growth, the final investment decision for the Coral North FLNG project in Mozambique, and the sale of a stake in the Baleine oil project in Ivory Coast. ENI continues to advance its energy transition strategy with industrial conversions and investments in renewable capacity, while also forming a partnership with GIP for CO2 capture and storage. Despite weaker crude oil prices, ENI’s financial performance remains robust, with increased operating cash flow and reduced debt, underscoring the effectiveness of its strategic initiatives.

The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR17.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni Approves Second Tranche of 2025 Dividend Provision

Eni’s Board of Directors has approved the distribution of the second tranche of the 2025 dividend provision, amounting to €0.26 per share, with payments scheduled for late November 2025. This decision aligns with the resolutions made during the Shareholders’ Meeting in May 2025 and reflects Eni’s commitment to providing consistent returns to its shareholders.

The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR17.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni S.p.A. Advances Share Buyback Program with Recent Purchase

Eni S.p.A. has recently purchased 3,283,799 of its own shares, representing 0.10% of its share capital, at an average price of 15.2263 euros per share, totaling nearly 50 million euros. This transaction is part of a broader buyback program initiated in May 2025, through which Eni has acquired over 65 million shares, equating to 2.07% of its share capital, underscoring its commitment to enhancing shareholder value.

The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR14.50 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni S.p.A. Expands Treasury Share Buyback Program

Eni S.p.A. has recently acquired 2,129,963 treasury shares on the Euronext Milan, representing 0.07% of its share capital, at an average price of 15.0237 euros per share. This purchase is part of a larger buyback program initiated on May 20, 2025, which has seen the company acquire a total of 59,064,027 shares, equal to 1.88% of its share capital, for over 840 million euros. The acquisition of these shares is likely to enhance shareholder value and reflects Eni’s strategic focus on optimizing its capital structure.

The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR15.50 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni S.p.A. Advances Share Buyback Program with Recent Purchase

Eni S.p.A. announced the purchase of 537,858 of its own shares on September 15, 2025, as part of its ongoing buyback program. This transaction, valued at approximately 8 million euros, reflects Eni’s strategic initiative to manage its share capital and enhance shareholder value, holding now 4.72% of its share capital in treasury shares.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR16.50 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni S.p.A. Advances Share Buyback Program with Recent Purchases

Eni S.p.A. has announced the purchase of 2,629,136 own shares, representing 0.08% of its share capital, on Euronext Milan between August 25 and August 29, 2025, at an average price of 15.2141 euros per share. This transaction is part of a broader buyback program initiated on May 20, 2025, which has seen the company acquire a total of 51,052,637 shares, equivalent to 1.62% of its share capital, for over 720 million euros. The buyback program is a strategic move to consolidate Eni’s market position and potentially enhance shareholder value.

The most recent analyst rating on (IT:ENI) stock is a Hold with a EUR14.60 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.