ENI (E) Stock Forecast & Price Target

$30.57

+0.38 (+1.26%)

(As of 02:57 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

Hold

Based on 7 Analyst Ratings

Sell
0

Hold
4

Buy
3

Based on 7 Wall Street analysts who have issued ratings for ENI in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 4 have given a hold rating, and 3 have given a buy rating for E.

Consensus Price Target

$39.60
29.71% Upside

According to the 7 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 29.71% from the current price of $30.57.

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E Analyst Ratings Over Time

Type	Current Forecast 9/28/23 to 9/27/24	1 Month Ago 8/29/23 to 8/28/24	3 Months Ago 6/30/23 to 6/29/24	1 Year Ago 9/28/22 to 9/28/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	6 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	6 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	N/A	N/A	N/A
Forecasted Upside	29.71% Upside	N/A	N/A	N/A
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.43	2.59	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	29.71% Upside	207.64% Upside	6.05% 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
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 3 of 5 stars		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
11/23/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight ➝ Overweight
11/8/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:19 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 Tuesday, September 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 received multiple upgraded ratings from top financial institutions, indicating positive growth potential.
Recent stock price performance shows stability and potential for growth, making it an attractive investment opportunity.
Eni S.p.A. is an integrated energy company operating worldwide, providing diversification and exposure to the energy sector.
Consensus analyst rating of "Moderate Buy" and a price target of $39.60 suggest favorable market sentiment towards the stock.
Institutional investors have been increasing their stakes in Eni S.p.A., signaling confidence in the company's future prospects.

ENI
Bear Case

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

Despite recent upgrades, some analysts have downgraded Eni S.p.A.'s rating, indicating potential risks associated with the stock.
The stock's price volatility may pose a challenge for investors seeking stable returns in the short term.
Eni S.p.A. operates in the oil and gas sector, which is subject to market fluctuations and regulatory uncertainties.
There is a beta of 0.96 associated with Eni S.p.A., indicating a close correlation with market movements and potential risks.
Investors should consider the company's PEG ratio of 1.30, which may suggest the stock is currently overvalued based on its growth prospects.

E Forecast - Frequently Asked Questions

: According to the research reports of 7 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.
: 7 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 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" E shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in E, but not buy additional shares or sell existing shares.
: According to analysts, ENI's stock has a predicted upside of 29.54% based on their 12-month stock forecasts.
: Over the previous 90 days, ENI's stock had 3 upgrades and 2 downgrades by analysts.
: ENI has been rated by research analysts at BNP Paribas, Morgan Stanley, Royal Bank of Canada, Sanford C. Bernstein, and Stifel Nicolaus in the past 90 days.
: Analysts like ENI less than other "oils/energy" companies. The consensus rating for ENI is Hold while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how E compares to other companies.

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This page (NYSE:E) was last updated on 9/27/2024 by MarketBeat.com Staff

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