Should I Buy E? E 2026 Analysis

Should You Buy Eni SpA (E) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

42.320

1 Day change

2.00%

52 Week Range

42.340

Analysis Updated At

2026/02/04

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Buy now (momentum/trend-following): Price is in a clear uptrend (SMA_5 > SMA_20 > SMA_200) and is holding above the pivot (~40.42), which supports a continuation move.
Near-term upside target: With price ~41.83, the next technical magnet is R2 ~42.60; a break/hold above R1 ~41.77 keeps that path open.
Sentiment supports bulls: Options positioning is call-leaning (put/call OI 0.54; put volume 0) and Street ratings are net-positive despite one notable downgrade.
Intellectia Proprietary Trading Signals
AI Stock Picker: no signal on given stock today.
SwingMax: No signal on given stock recently.

Technical Analysis

Trend: Bullish structure with SMA_5 > SMA_20 > SMA_200, confirming an established uptrend.
Momentum (MACD): MACD histogram +0.211 (bullish) but positively contracting, suggesting upside momentum is still positive but slowing.
RSI: RSI_6 71.84 (stretched/near-overbought). This often means upside can continue, but pullbacks become more likely.
Key levels: Pivot 40.42 (line-in-the-sand support). Resistance: R1 41.77 (already being tested/cleared), then R2 42.60. Supports: S1 39.08, S2 38.25.
Pattern-based odds (provided): Model suggests ~60% chance of a ~+3.28% next day and ~+11.29% next week, but ~flat to slightly negative over the next month.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Positioning: Put/Call open interest = 0.54 (call-heavy, generally bullish). Put volume = 0 vs call volume 21 (one-sided bullish flow today, though total volume is light).
Activity vs norms: Today’s option volume ~20.6x the 30-day average (spike off a low base), and today’s open interest ~119.7% vs average—suggesting increased participation.
Volatility: IV(30d) ~30.48 vs historical vol ~25.91 (IV premium), but IV rank 13.29 / IV percentile 31.47 indicates IV is relatively low vs its own history—options not “expensive” by recent standards.

Technical Summary

Sell

Buy

Positive Catalysts

- Technicals aligned bullish (multiple moving averages stacked upward), supporting momentum continuation.
- Options skew bullish (low put/call OI, zero put volume today).
- Analyst support: Multiple firms have raised targets/maintained bullish stances (e.g., Barclays Overweight with higher PT; Jefferies Buy with higher PT; UBS upgraded to Buy highlighting growth/returns through 2028).
- Upcoming earnings: QDEC 2025 earnings on 2026-03-02 (after hours) can act as a catalyst if results/guidance confirm cash-flow durability.

Neutral/Negative Catalysts

- Short-term overbought risk: RSI_6 ~71.8 and MACD histogram contracting—could invite a near-term dip even within an uptrend.
- Mixed Wall Street view: JPMorgan’s double downgrade to Underweight citing weaker earnings outlook and end of deleveraging is a meaningful bear point.
- No supportive news flow: “No news in recent week” means fewer near-term narrative catalysts to drive a fast breakout.
- Positioning/flow caveat: Today’s options volume is small in absolute terms (21 contracts), so sentiment read-through is directionally bullish but not high-conviction from volume alone.

Financial Performance

Financial snapshot not available (data error), so latest-quarter growth trends cannot be verified from the provided dataset.
Next scheduled report: QDEC 2025 earnings on 2026-03-02 (after hours) with EPS est. 0.78.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent trend: Net-positive bias with target raises and upgrades (Barclays raised PT and stays Overweight; Jefferies raised PT and stays Buy; UBS upgraded to Buy with higher PT), offset by one notable bearish shift (JPMorgan downgrade to Underweight with lower PT) and a neutral stance (BofA Neutral; Morgan Stanley Equal Weight with slightly lower PT).
Pros (bull case from Street): Attractive sector growth profile, strong upstream, capex quality, restructuring potential (chemicals), and strategic positives (e.g., Satellite model / FLNG referenced by Jefferies).
Cons (bear case from Street): Weaker earnings outlook, less deleveraging tailwind, and sector pressure from lower oil/gas prices and softer refining margins (cited by JPMorgan/BofA commentary).

3 Analyst Rating

Wall Street analysts forecast E stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for E is 18.24 USD with a low forecast of 17.25 USD and a high forecast of 19.23 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

2 Hold

0 Sell

Moderate Buy

Current: 41.490

Low

17.25

Averages

18.24

High

19.23

Current: 41.490

Low

17.25

Averages

18.24

High

19.23

Jefferies

Mark Wilson

maintain

AI Analysis

2026-01-07

Reason

Jefferies

Mark Wilson

Price Target

AI Analysis

2026-01-07

maintain

Reason

Jefferies analyst Mark Wilson raised the firm's price target on Eni to EUR 19.50 from EUR 18 and keeps a Buy rating on the shares. The firm said it sees strategic positives for Eni's Satellite model and floating liquefied natural gas.

Morgan Stanley

Equal Weight

downgrade

2026-01-06

Reason

Morgan Stanley

Price Target

2026-01-06

downgrade

Equal Weight

Reason

Morgan Stanley lowered the firm's price target on Eni to EUR 16 from EUR 16.20 and keeps an Equal Weight rating on the shares.

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E Should I Buy

E Should I Buy

Should You Buy Eni SpA (E) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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