
E Stock Forecast & Price Target
E Analyst Ratings
Bulls say
Eni reported a production of 0.8 million barrels of liquids and 4.8 billion cubic feet of natural gas per day in 2024, highlighting its robust operational capabilities. The company holds reserves of 6.5 billion barrels of oil equivalent, 46% of which are liquids, indicating a strong resource base for future growth. Additionally, a positive inflection in gearing from asset sales underscores a stronger-than-expected balance sheet, positioning Eni favorably for earnings improvement through 2026.
Bears say
Eni's stock outlook is negatively impacted by a potential scenario that predicts Brent crude prices falling to $40 per barrel by 2025, which would exacerbate the company's earnings from refining, chemicals, and marketing, potentially aligning with recession-level performance reminiscent of earnings in 2008-2009. The global chemicals industry, particularly in Europe, has been affected by persistently low margins due to subdued demand growth and competitive disadvantages stemming from uncompetitive feedstock prices and elevated power costs, putting additional pressure on Eni's operations. Furthermore, the company faces stagnant upstream volumes compared to its peers, with some competitors reporting declines, heightening concerns about Eni's growth prospects in a challenging market environment.
This aggregate rating is based on analysts' research of Eni SpA Sponsored ADR and is not a guaranteed prediction by Public.com or investment advice.
E Analyst Forecast & Price Prediction
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