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

• Market Cap: €43.11B
• Dividend Yield: 7.06%
• Average Volume (3M): 11.47M
• Price to Earnings (P/E): 17.0
• Beta (1Y): 0.50
• Revenue Growth: -1.16%
• EPS Growth: -23.76%
• Country: IT
• Employees: 32,492
• Sector: Energy
• Sector Strength: 45
• Industry: Oil & Gas Integrated
• EPS (TTM): 0.45
• Shares Outstanding: 3,146,765,100
• 10 Day Avg. Volume: 8,428,036
• 30 Day Avg. Volume: 11,473,132
• PEG Ratio: -6.93
• Price to Book (P/B): 0.81
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.79
• 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: €14.43
• Price Target Upside: 1.83% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 17

• Rating: 73 Outperform
• Price Target: €16.00 ▲(12.91%Upside)

ENI S.p.A.'s strong financial performance and attractive valuation are the most significant factors, supporting a solid overall score. However, technical indicators suggest caution due to overbought conditions, which could lead to a near-term pullback.

Positive Factors

Exploration Success

Eni announced an oil discovery in Namibia, encouragingly noting good petrophysical properties.

Renewable Energy Investments

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

Shareholder Returns

Enhanced shareholder returns and stability are Eni’s principal attraction.

Negative Factors

Net Income Decline

There was a significant decrease in 4Q24 net income by 47% year over year, which was lower than consensus estimates.

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 Market

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

ENI S.p.A. Business Overview & Revenue Model

Company Description

ENI S.p.A. (ENI) is a global energy company headquartered in Italy, operating in the oil and gas industry. The company's core activities span the exploration, production, refining, and marketing of oil and natural gas, as well as the generation of electricity. ENI is also involved in the development of renewable energy sources and engages in petrochemical production. With operations spread across numerous countries, ENI is committed to transitioning towards sustainable energy solutions while maintaining its position as a leader in the traditional energy market.

How the Company Makes Money

ENI S.p.A. generates revenue primarily through its exploration and production segment, which involves the extraction and sale of crude oil and natural gas. This segment contributes significantly to the company's income through the sale of hydrocarbons. Additionally, ENI's refining and marketing operations involve processing crude oil into various petroleum products, which are then distributed and sold globally. The company also earns money through the sale of electricity generated from its power plants, which include both traditional and renewable energy sources. Moreover, ENI is expanding its portfolio in the renewable energy sector, which is expected to become a more prominent revenue stream as global energy demands shift towards sustainability. Key partnerships with other energy companies and governments also play a crucial role in securing exploration and production rights, thereby enhancing ENI's revenue potential.

ENI S.p.A. Financial Statement Overview

Summary

ENI S.p.A. exhibits strong financial health with robust profitability and a stable balance sheet. The company faces revenue growth challenges, but maintains efficiency in operations and prudent financial leverage. Cash flow management is effective, although there is room for improvement in capital expenditure control.

Income Statement

ENI S.p.A. has demonstrated solid profitability with a consistent gross profit margin, though it has slightly decreased in the TTM period to 12.5% from 22.2% in the previous year. The net profit margin in the TTM period is 2.93%, showing a decline from 2.90% in the previous year. Revenue has seen fluctuations, with a decrease in the TTM period compared to the previous annual report, indicating potential challenges in maintaining revenue growth. EBITDA and EBIT margins remain healthy, indicating operational efficiency.

Balance Sheet

The balance sheet reflects a strong equity position with a total debt-to-equity ratio of 0.67 in the TTM period, down from 0.70, indicating prudent financial leverage. The equity ratio stands at 37.08%, showcasing a stable financial structure. Return on equity in the TTM period is 4.86%, slightly down from 5.00% in the previous year, suggesting stable profitability with minor fluctuations.

Cash Flow

The cash flow statement reveals a robust free cash flow generation of €5,363 million in the TTM period, slightly higher than the previous year's €5,093 million. The operating cash flow to net income ratio is strong at 5.18, indicating efficient cash generation relative to earnings. However, the free cash flow to net income ratio decreased to 2.06 from 1.93, suggesting a need for careful capital expenditure management.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	91.21B	93.72B	132.51B	76.58B	43.99B
Gross Profit	20.25B	13.47B	22.78B	13.96B	3.13B
EBITDA	16.82B	17.76B	28.52B	19.86B	3.60B
Net Income	2.62B	4.77B	13.89B	5.82B	-8.63B
Balance Sheet
Total Assets	146.95B	142.61B	152.17B	137.76B	109.65B
Cash, Cash Equivalents and Short-Term Investments	14.98B	16.98B	19.91B	18.86B	15.17B
Total Debt	34.97B	39.14B	31.87B	33.13B	31.70B
Total Liabilities	91.26B	88.96B	96.94B	93.25B	72.16B
Stockholders Equity	52.83B	53.18B	54.76B	44.44B	37.41B
Cash Flow
Free Cash Flow	5.09B	5.90B	5.04B	7.63B	190.00M
Operating Cash Flow	13.09B	15.12B	5.82B	12.86B	4.82B
Investing Cash Flow	-9.82B	-9.37B	-3.71B	-12.02B	-4.59B
Financing Cash Flow	-5.38B	-5.67B	-1.09B	-2.04B	3.25B

ENI S.p.A. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.17
• 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 14.17 is above the 20-day moving average (MA) of 14.04, above the 50-day MA of 13.67, and above the 200-day MA of 13.24, indicating a bullish trend. The MACD of 0.14 indicates Positive momentum. The RSI at 60.48 is Neutral, neither overbought nor oversold. The STOCH value of 40.47 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	81 Outperform	€16.93B	10.33	10.53%	0.31%	-14.41%	-44.84%
SPM	77 Outperform	€4.74B	15.44	12.44%	7.03%	22.53%	73.36%
SRG	75 Outperform	€17.29B	13.74	16.18%	5.63%	-16.40%	10.90%
Sector *	75 Outperform	€12.79B	15.05	12.28%	4.02%	3.28%	-1.80%
GSP	74 Outperform	€209.59M	16.70	5.46%	3.12%	-15.45%	-74.50%
ENI	73 Outperform	€43.11B	16.97	4.83%	7.06%	-1.16%	-23.76%
TRN	69 Neutral	€17.09B	16.07	19.05%	4.63%	15.80%	19.91%

ENI S.p.A. Corporate Events

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.

ENI S.p.A. Announces Strategic Merger with Eni España Comercializadora de Gas

ENI S.p.A. has announced the merger by incorporation of Eni España Comercializadora de Gas, S.A.U. into its operations, following approval from the boards of directors of both companies. This strategic move is expected to streamline operations and enhance ENI’s market positioning in the European energy sector, potentially benefiting stakeholders through improved efficiency and integration.

ENI S.p.A. Reports Strong Q1 2025 Results Amid Strategic Advancements

ENI S.p.A. reported solid financial results for the first quarter of 2025, driven by strategic exploration successes and partnerships. The company achieved significant milestones, including a historic agreement with Cyprus and Egypt to export gas to Europe, and the development of a joint venture with Petronas in Indonesia. These moves are expected to enhance ENI’s market position and provide substantial financial returns, supporting its transition-related initiatives and shareholder value.