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

• Market Cap: €51.59B
• Dividend Yield: 6.39%
• Average Volume (3M): 10.46M
• Price to Earnings (P/E): 18.7
• Beta (1Y): 0.53
• Revenue Growth: -5.46%
• EPS Growth: 13.79%
• Country: US
• 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): 0.45
• 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: €16.90
• Price Target Upside: -1.05% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: €17.00 ▼(-0.47% Downside)

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 its upstream activities, which include the exploration and production of crude oil and natural gas. This segment is heavily influenced by global commodity prices, and ENI earns significant income from sales of oil and gas to major markets. Additionally, the company profits from its downstream operations, including refining crude oil into petroleum products and marketing these products to consumers and businesses. ENI also engages in midstream activities, earning money from transportation and storage services. The company has established strategic partnerships and joint ventures with other energy firms, which can enhance its operational efficiency and market reach. Furthermore, ENI is investing in renewable energy projects, diversifying its revenue streams and positioning itself for future growth in the evolving energy landscape.

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: 17.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 17.08 is above the 20-day moving average (MA) of 16.50, above the 50-day MA of 16.20, and above the 200-day MA of 14.47, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 70.69 is Negative, neither overbought nor oversold. The STOCH value of 93.56 is Negative, 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	78 Outperform	€20.04B	11.06	12.14%	4.46%	-11.36%	-20.23%
GSP	75 Outperform	€303.27M	17.40	7.52%	2.98%	17.30%	18.72%
SPM	73 Outperform	€5.87B	17.80	13.05%	6.99%	18.52%	29.29%
SRG	72 Outperform	€19.25B	13.78	17.62%	5.18%	-8.04%	30.49%
TRN	72 Outperform	€18.09B	16.36	19.67%	4.41%	10.18%	8.43%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
ENI	63 Neutral	€51.59B	18.69	5.51%	6.39%	-5.46%	13.79%

ENI S.p.A. Corporate Events

Eni Expands Treasury Share Holdings as Buyback Programme Advances

Eni has continued its share buyback programme, purchasing 2,426,532 treasury shares on Euronext Milan between 19 and 23 January 2026, equal to 0.08% of its share capital, at an average price of €16.4844 per share for a total consideration of about €40 million. Since the programme’s launch in May 2025, Eni has accumulated 110,731,632 treasury shares, representing 3.52% of its capital, and now holds a total of 197,559,646 treasury shares, or 6.28% of its share capital, factoring in shares already held and free share allocations to managers and employees under long-term incentive and broad-based ownership plans, underscoring an active capital management strategy with implications for shareholder returns and employee alignment with company performance.

The most recent analyst rating on (IT:ENI) stock is a Hold 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 Discloses Share Disposal by Senior Gas and LNG Executive

Eni has disclosed that Cristian Signoretto, Director of the company’s Global Gas & LNG Portfolio and therefore a person discharging managerial responsibilities, has carried out a disposal of Eni ordinary shares, as required under EU market abuse regulations. The transaction, involving multiple small-volume sales at prices around €16 per share, reflects standard transparency obligations for insider dealings and provides investors with visibility on trading activity by senior management, though the company has not indicated any direct impact on its strategic operations or outlook.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR20.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni Lifts Treasury Stake to Nearly 6% as 2025 Buyback Nears €1.5 Billion

Eni has continued to execute its 2025 share buyback programme, purchasing 1,875,245 own shares on Euronext Milan between 22 and 23 December for about €30 million at an average price of €16.02 per share, equal to 0.06% of its share capital. Since the start of the programme in May, the company has bought back over 101 million shares for roughly €1.5 billion and now holds 187.8 million treasury shares, or 5.97% of its capital, underscoring a sustained capital-return strategy that also supports management and employee share plans and can bolster earnings per share for remaining shareholders.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR20.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni Lifts Treasury Stake to Nearly 6% as 2025 Buyback Nears €1.5 Billion

Eni has continued to execute its 2025 share buyback programme, purchasing 5,675,689 treasury shares on Euronext Milan between 15 and 19 December at a weighted average price of €15.8104, for a total outlay of about €89.7 million. Since the launch of the programme in May, the company has acquired 99,135,602 shares, equal to 3.15% of its share capital and worth roughly €1.47 billion, bringing its total treasury stock to 185,963,616 shares, or 5.91% of capital, after accounting for shares granted to managers and employees under incentive and ownership plans. The acceleration of repurchases underscores Eni’s ongoing capital-return strategy and may support earnings per share and capital structure optimisation, while also underpinning long-term incentive schemes for management and staff.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR20.00 price target. To see the full list of analyst forecasts on ENI S.p.A. stock, see the IT:ENI Stock Forecast page.

Eni Advances Share Buyback with Acquisition of 5.5 Million Treasury Shares

Eni has announced the acquisition of 5,529,675 treasury shares between December 8 and December 12, 2025, as part of its ongoing share buyback program approved earlier in the year. This operation is consistent with the company’s broader efforts to enhance shareholder value and consolidate its financial position, with implications for its market performance and overall stakeholder confidence.

The most recent analyst rating on (IT:ENI) stock is a Buy with a EUR20.00 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 Potential Hybrid Bond Issuance to Bolster Financial Structure

Eni’s Board of Directors has approved the potential issuance of hybrid subordinated bonds, targeting institutional investors, with a total value not exceeding 1 billion euros. This move aims to support Eni’s financial stability and operational needs, potentially enhancing its market position and providing flexibility in financial management.

The most recent analyst rating on (IT:ENI) stock is a Sell 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. Strengthens Share Capital with Recent Buyback

Eni S.p.A. announced the purchase of 3,794,333 own shares on Euronext Milan between December 1 and December 5, 2025, at an average price of 16.1792 euros per share, totaling over 61 million euros. This acquisition is part of a broader buyback program initiated earlier in 2025, aimed at strengthening its share capital position. The company now holds 174,758,252 own shares, representing 5.55% of its share capital, which could enhance shareholder value and market confidence.

The most recent analyst rating on (IT:ENI) stock is a Sell 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. Announces Share Assignments to Executives and Employees

ENI S.p.A. announced the free assignment of ordinary shares to its executives and employees as part of its Long-Term Incentive Plan 2020-2022 and Employee Stock Ownership Plan. These transactions are part of ENI’s strategic initiatives to incentivize and reward its workforce, potentially impacting employee motivation and aligning interests with company performance.

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 Latest Acquisition

Eni S.p.A. announced the purchase of 604,654 of its own shares on November 17, 2025, as part of its ongoing buyback program. This acquisition represents 0.02% of its share capital, with a total value of approximately 10 million euros. Since the program’s inception in May 2025, Eni has repurchased 81.6 million shares, equating to 2.59% of its share capital, for over 1.19 billion euros. This strategic move is part of Eni’s efforts to enhance shareholder value and optimize its 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. 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.