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

• Market Cap: €45.43B
• Dividend Yield: 6.7%
• Average Volume (3M): 9.76M
• Price to Earnings (P/E): 18.5
• Beta (1Y): 0.52
• Revenue Growth: -6.68%
• EPS Growth: -33.67%
• Country: IT
• Employees: 32,492
• Sector: Energy
• Sector Strength: 67
• Industry: Oil & Gas Integrated
• EPS (TTM): 0.36
• Shares Outstanding: 3,146,765,100
• 10 Day Avg. Volume: 10,556,954
• 30 Day Avg. Volume: 9,757,465
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €15.14
• Price Target Upside: 3.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 14

• Rating: 71 Outperform
• Price Target: €16.50 ▲(12.78% Upside)

ENI S.p.A. receives a solid score driven by strong technical indicators and a fair valuation. The company's financial performance is stable but faces challenges with declining revenue and cash flow growth. The absence of recent earnings call data and corporate events means these factors do not influence the score.

Positive Factors

Debt Reduction

Eni has reduced net debt by €2bn across 1H25, strengthening its financial position.

Renewable Energy Investments

Eni is capitalizing on the growing demand for cleaner energy sources by investing heavily in wind, solar and biofuels.

Shareholder Returns

Eni intends to raise the 2025 dividend by 5% to €1.05/share, showing a commitment to rewarding shareholders.

Negative Factors

Earnings Concerns

Earnings growth is likely to be a concern, with drag from oil prices as well as weak refining and chemicals market.

Oil Price Volatility

The primary risk is the volatility of natural gas and crude oil prices which can significantly impact earnings and cash flow.

Refining and Chemicals Challenges

Divisional losses expanded across Refining and Chemicals and it cut its FY25 refining margin guide.

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	85.48B	88.80B	93.72B	132.51B	76.58B	43.99B
Gross Profit	14.68B	11.54B	21.27B	22.78B	13.96B	3.13B
EBITDA	21.97B	16.82B	17.76B	28.52B	19.86B	7.91B
Net Income	2.48B	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: Neutral
• Last Price: 14.63
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ENI, the sentiment is Neutral. The current price of 14.63 is below the 20-day moving average (MA) of 15.04, above the 50-day MA of 14.61, and above the 200-day MA of 13.49, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 38.97 is Neutral, neither overbought nor oversold. The STOCH value of 14.55 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
ENI	71 Outperform	€45.43B	18.54	5.02%	6.70%	-6.68%	-33.67%
Sector *	65 Neutral	$15.28B	7.48	3.19%	5.33%	4.10%	-60.58%
0NQP	―	€17.28B	12.23	17.62%	―	―	―
0HXB	―	€16.55B	9.12	12.40%	―	―	―
0LBM	―	€17.04B	15.20	19.67%	―	―	―
SPEA	―	€4.64B	14.17	13.05%	―	―	―
T9O	―	€232.68M	18.19	5.46%	―	―	―

ENI S.p.A. Corporate Events

Eni Advances Share Buyback Program with New Acquisition

Eni S.p.A. announced the purchase of 3,494,960 of its own shares on Euronext Milan between July 21 and July 25, 2025, as part of its ongoing buyback program. This acquisition, valued at approximately 50 million euros, represents 0.11% of the company’s share capital. Since the program’s inception in May 2025, Eni has acquired a total of 35,658,286 shares, equating to 1.13% of its share capital, indicating a strategic move to consolidate its market position and potentially enhance shareholder value.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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. Announces First Installment of 2025 Dividend Payment

ENI S.p.A. has announced the distribution of the first installment of the 2025 dividend payment, amounting to 0.26 euros per share, using its available reserves. This decision reflects the company’s financial strategy and impacts shareholders by providing returns through available reserves, indicating a stable financial position.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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 Q2 2025 Results Amid Strategic Expansion

Eni S.p.A. reported strong financial results for the second quarter of 2025, driven by its resilient strategy and execution despite challenging economic conditions. The company raised its annual cash benefit target to €3 billion and highlighted significant strategic moves, including a new joint venture with Petronas in Indonesia and Malaysia, and an agreement with YPF for an Argentina LNG project. Eni’s operational performance resulted in a proforma adjusted EBIT of €2.68 billion, with a focus on maintaining a strong balance sheet and delivering shareholder value.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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 Robust Q2 2025 Results Amid Market Challenges

Eni S.p.A. reported strong financial results for the second quarter and first half of 2025, despite challenging market conditions. The company achieved over €1 billion in cash initiatives and increased its expected annual benefit to €3 billion. Eni’s strategic partnerships, such as the joint venture with Petronas and agreements with YPF for the Argentina LNG project, underscore its commitment to expanding its gas and LNG business. The company’s robust financial discipline and portfolio flexibility have resulted in a historic low leverage of 10%, positioning Eni well to navigate market volatility and ensure competitive shareholder returns.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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 First Tranche of 2025 Dividend Provision

Eni’s Board of Directors has approved the distribution of the first tranche of the 2025 dividend provision, amounting to €0.26 per share, with the total annual provision set at €1.05 per share. This move reflects Eni’s commitment to providing returns to shareholders and may influence investor confidence and market perception of the company’s financial health.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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 Purchases

Eni S.p.A. announced the purchase of 2,899,366 own shares, representing 0.09% of its share capital, on Euronext Milan between June 16 and June 20, 2025, as part of its ongoing buyback program. This move, amounting to over 41 million euros, is part of a broader strategy to enhance shareholder value and reflects the company’s confidence in its financial stability and market position.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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. Publishes Shareholders’ Meeting Minutes

ENI S.p.A. announced the availability of the minutes from its Shareholders’ Meeting held on May 14, 2025. This documentation can be accessed at the company’s headquarters, on their website, and through the authorized storage mechanism by Consob. This publication ensures transparency and accessibility for stakeholders, reinforcing ENI’s commitment to corporate governance.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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 New Purchases

Eni S.p.A. announced the purchase of 3,779,312 of its own shares on Euronext Milan between June 2 and June 6, 2025, as part of a buyback program. This transaction, valued at over 50 million euros, represents 0.12% of the company’s share capital. Since the initiation of the buyback program on May 20, 2025, Eni has acquired a total of 10,719,220 shares, amounting to 0.34% of its share capital, reflecting its strategy to enhance shareholder value and optimize capital structure.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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. Announces Merger with Spanish Subsidiary

ENI S.p.A. announced the merger of its subsidiary, Eni España Comercializadora de Gas, S.A.U., into the parent company. This strategic move, filed with the Rome Companies Register, aims to streamline operations and enhance corporate structure. Shareholders and stakeholders have been notified of their rights and the procedures to submit observations on the merger project, with a final decision expected by July 2025.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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. Approves 2024 Financials and Strategic Shareholder Returns

Eni S.p.A.’s recent shareholders’ meeting resulted in the approval of the 2024 financial statements, showing a profit of over 6.4 billion euros, which will be allocated to the available reserve. The meeting also authorized a share buyback program and a distribution plan in lieu of dividends, reflecting a strategic focus on shareholder returns and financial restructuring. These resolutions, including the reduction of the revaluation reserve and potential share cancellations, indicate Eni’s commitment to optimizing its capital structure and enhancing shareholder value.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni Launches New Share Buyback Program to Enhance Shareholder Value

Eni has announced the initiation of a new share buyback program following shareholder approval, aiming to repurchase up to 315 million shares, which equates to about 10% of its share capital, with a budget of up to 1.5 billion euros. This program, which could potentially increase to 3.5 billion euros depending on cash flow, is designed to offer additional shareholder remuneration and involves canceling the repurchased shares by July 2026, potentially enhancing shareholder value and reflecting confidence in the company’s financial stability.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni Successfully Issues $1 Billion Bond in U.S. Market

Eni has successfully issued a 10-year fixed-rate bond in the U.S. market, raising $1 billion with significant interest from over 200 professional investors. The bond issuance, which will help finance Eni’s ordinary financial needs, underscores the company’s strong market positioning and investor confidence.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 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. Announces New Fixed-Rate Bond Issuance

Eni S.p.A. announced the issuance of a new fixed-rate bond in U.S. dollars with a 10-year duration, aimed at maintaining a balanced financial structure and supporting the company’s general needs. This bond issuance, targeted at institutional investors, involves a syndicate of major banks as joint bookrunners, reflecting Eni’s strategic financial management and its commitment to strengthening its market position.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR18.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.