ENI (E) Stock Forecast & Price Target

$28.65 -0.36 (-1.24%)

(As of 04:10 PM ET)

ENI - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
4

Buy
4

Based on 8 Wall Street analysts who have issued ratings for ENI in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 4 have given a hold rating, and 4 have given a buy rating for E.

Consensus Price Target

$39.60
38.22% Upside

According to the 8 analysts' twelve-month price targets for ENI, the average price target is $39.60. The highest price target for E is $39.60, while the lowest price target for E is $39.60. The average price target represents a forecasted upside of 38.22% from the current price of $28.65.

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E Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$39.60	$39.60	N/A	N/A
Forecasted Upside	38.22% Upside	27.74% Upside	N/A	N/A
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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E Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

E Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

ENI Stock vs. The Competition

Type	ENI	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.50	2.63	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	37.79% Upside	1,480.07% Upside	6.16% Upside
News Sentiment Rating	Positive News See Recent E News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/15/2024	Jefferies Financial Group 2 of 5 stars		Reiterated Rating	Buy ➝ Buy
9/23/2024	Sanford C. Bernstein 3 of 5 stars	O. Clint Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
9/13/2024	BNP Paribas 3 of 5 stars	P. Redman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral
8/29/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$39.60 ➝ $39.60	+21.21%
7/29/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Borkhataria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform ➝ Outperform
7/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/25/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Low Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
3/20/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
9/22/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight
7/18/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
4/6/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral
1/19/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:51 PM ET.

Should I Buy ENI Stock? E Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, November 24, 2024. Please send any questions or comments about these ENI pros and cons to contact@marketbeat.com.

ENI
Bull Case

Here are some ways that investors could benefit from investing in Eni S.p.A.:

Eni S.p.A. has recently seen increased institutional investment, indicating confidence from major investors. For instance, Caprock Group LLC and GAMMA Investing LLC have both raised their stakes significantly, which can be a positive signal for potential investors.
The company operates in multiple segments, including exploration, production, and renewable energy, which diversifies its revenue streams and reduces risk associated with reliance on a single market.
Eni S.p.A. is actively involved in the development of renewable energy sources, aligning with global trends towards sustainability and potentially increasing its market appeal as investors seek environmentally responsible companies.
The current stock price of Eni S.p.A. is approximately $31.00, which may present a buying opportunity for investors looking for value in the energy sector, especially given the company's diversified operations.
With a strong presence in both traditional and renewable energy markets, Eni S.p.A. is well-positioned to benefit from the ongoing transition to cleaner energy, which could lead to long-term growth and profitability.

ENI
Bear Case

Investors should be bearish about investing in Eni S.p.A. for these reasons:

Despite recent institutional interest, hedge funds and other institutional investors only own 1.18% of Eni S.p.A.'s stock, which may indicate a lack of widespread confidence in the company's future performance.
The oil and gas industry is subject to significant volatility due to fluctuating commodity prices, which can adversely affect Eni S.p.A.'s profitability and stock performance.
Eni S.p.A. faces increasing regulatory pressures and competition in the renewable energy sector, which could impact its ability to grow in this area and affect overall financial performance.
Recent global economic uncertainties, including inflation and geopolitical tensions, may pose risks to Eni S.p.A.'s operations and market stability, potentially leading to lower investor returns.
The company's heavy reliance on fossil fuels, despite its efforts in renewable energy, may deter environmentally conscious investors and limit its appeal in a rapidly changing market landscape.

E Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for ENI is $39.60, with a high forecast of $39.60 and a low forecast of $39.60.
: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for ENI in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" E shares.
: According to analysts, ENI's stock has a predicted upside of 38.22% based on their 12-month stock forecasts.
: Over the previous 90 days, ENI's stock had 2 upgrades and 1 downgrade by analysts.
: ENI has been rated by research analysts at BNP Paribas, Jefferies Financial Group, Morgan Stanley, and Sanford C. Bernstein in the past 90 days.
: Analysts like ENI less than other "oils/energy" companies. The consensus rating score for ENI is 2.50 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how E compares to other companies.

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This page (NYSE:E) was last updated on 11/25/2024 by MarketBeat.com Staff

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ENI (E) Stock Forecast & Price Target