
E Stock Forecast & Price Target
E Analyst Ratings
Bulls say
Eni's production figures for 2024, comprising 0.8 million barrels of liquids and 4.8 billion cubic feet of natural gas per day, reflect a robust operational capacity. The company's strong balance sheet, bolstered by recent asset sales, indicates a lower gearing and enhanced financial stability, which is expected to drive earnings improvements through 2026. Additionally, strategic initiatives such as the establishment of a separate entity for its renewable and low-carbon business, alongside new discoveries in Indonesia, position Eni favorably for future growth.
Bears say
Eni's outlook is hindered by a potential decline in Brent crude prices to $40 per barrel by 2025, coupled with expectations of weaker earnings in refining, chemicals, and marketing due to projected recessionary conditions reminiscent of 2008-09. The European chemicals sector, and specifically Eni's operations, face significant challenges with low margins attributed to sluggish demand growth and high feedstock and power costs compared to international competition. Additionally, stagnant production volumes, particularly in the upstream segment and within the context of its peers, further exacerbate Eni's financial vulnerabilities, indicating a challenging operational 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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