ENI (NYSE:E) Price Target Raised to $28.00 at Royal Bank Of Canada

ENI (NYSE:E) had its price objective hoisted by Royal Bank Of Canada from $24.00 to $28.00 in a research note released on Thursday morning,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the oil and gas exploration company’s stock.

A number of other research firms have also recently issued reports on E. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Thursday, January 8th. Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Barclays reissued an “overweight” rating on shares of ENI in a report on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Finally, Zacks Research raised shares of ENI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.30.

ENI Trading Up 0.8%

NYSE E opened at $55.76 on Thursday. The company has a fifty day simple moving average of $48.70 and a two-hundred day simple moving average of $41.13. The stock has a market cap of $94.11 billion, a P/E ratio of 32.80, a P/E/G ratio of 0.26 and a beta of 0.44. ENI has a 12-month low of $25.27 and a 12-month high of $58.00. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38.

ENI (NYSE:E) last posted its quarterly earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $24.64 billion during the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. On average, analysts forecast that ENI will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Tuesday, March 24th were issued a $0.6137 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This is a positive change from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 dividend on an annualized basis and a yield of 4.4%. ENI’s dividend payout ratio is presently 97.65%.

Institutional Trading of ENI

Several institutional investors have recently modified their holdings of E. Royal Bank of Canada grew its position in shares of ENI by 2.1% in the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after purchasing an additional 1,420 shares during the period. AQR Capital Management LLC grew its position in shares of ENI by 3.4% in the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after purchasing an additional 495 shares during the period. Cetera Investment Advisers grew its position in shares of ENI by 8.4% in the second quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock valued at $364,000 after purchasing an additional 870 shares during the period. JPMorgan Chase & Co. grew its position in shares of ENI by 60.7% in the second quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock valued at $1,470,000 after purchasing an additional 17,133 shares during the period. Finally, Russell Investments Group Ltd. boosted its position in ENI by 60.7% during the second quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock worth $500,000 after acquiring an additional 5,831 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

Key Headlines Impacting ENI

Here are the key news stories impacting ENI this week:

• Positive Sentiment: Major new upstream targets: Libya announced new oil and gas discoveries involving Eni alongside Repsol and Sonatrach — a near‑term production upside and strategic presence boost in North Africa if appraisal/development proceeds. Libya unveils oil and gas discoveries with Eni, Repsol, and Sonatrach
• Positive Sentiment: Material Egypt gas find: Eni reported ~2 Tcf of gas in the Temsah concession offshore Egypt, described as fast‑track development potential — that raises near/medium‑term production and cash‑flow prospects. Eni finds 2 Tcf gas offshore Egypt
• Positive Sentiment: Political/board continuity: Italy’s government confirmed Eni CEO Claudio Descalzi will remain in place (Meloni reappointed Eni’s head) — reduces governance uncertainty and supports execution of ongoing projects. Italy proposes Mariani as Leonardo CEO, confirms Eni’s Descalzi
• Positive Sentiment: Analyst model lifts: Erste Group increased FY2026/27 EPS forecasts and maintains a “Strong‑Buy” stance, implying analysts see higher earnings power than consensus — supportive for long‑term valuation. MarketBeat summary of analyst changes
• Neutral Sentiment: Investor commentary: A Seeking Alpha piece outlines historical gains and potential upside from here — useful for sentiment but primarily opinion rather than news that changes fundamentals. Eni Returned Over 100% Since My Buy Call
• Neutral Sentiment: Talent & outreach: Eni is promoting energy training and graduate programs — positive for long‑term talent pipeline but not immediate earnings relevant. Energy training promoted by Eni
• Negative Sentiment: Contrarian analyst target: Benzinga cites an RBC note raising its internal target to $28 (still implying a large downside vs. current levels) and keeps a “sector perform” stance — could weigh on sentiment given the gap between sell‑side targets. Benzinga coverage of RBC target
• Negative Sentiment: Sector headwinds: Macro/geopolitical easing (tentative U.S.–Iran ceasefire) has reduced the energy risk premium and led some analysts to warn the sector is overbought — a potential short‑term cap on multiple expansion for Eni. Market commentary on energy being overbought

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.