Eni stock forecast: Buybacks lift treasury stake ahead of results
Eni is an Italian integrated energy company listed on the Borsa Italiana and the NYSE, recently reporting treasury shares of about 6.5% after buybacks ahead of its 2025 full-year results. Explore third-party ENI price targets and technical analysis.
Eni S.p.A. (ENI) is trading around €18.58 as of 11:28am on 23 February 2026 (UTC), near the top of its intraday range between €6.42 and €18.64 on Capital.com’s EUR market. Past performance is not a reliable indicator of future results.
Recent trading comes against the backdrop of an active capital-return programme and a busy corporate calendar. Eni has continued its buyback activity, increasing its treasury-share stake to around 6.5% of share capital after purchasing more than 2.2 million shares in the week of 9-13 February 2026 (Eni, 18 February 2026). The company is also preparing to present its fourth-quarter and full-year 2025 results, with an earnings release scheduled for 25 February and a webcast the following day (Eni, 17 February 2026).
Eni stock forecast 2026–2030: Third-party price targets
As of 23 February 2026, third-party Eni stock predictions reflect differing assumptions on oil and gas prices, earnings trajectories and capital-return policies, rather than any assured price path. These third-party figures are indicative only, may differ from Capital.com pricing, and do not constitute investment advice.
MarketBeat (NYSE ADR consensus snapshot)
MarketBeat reports that ENI’s NYSE-listed shares carry a consensus 12-month price target of $34.60, with a Hold-leaning rating profile based on 3 Buy, 6 Hold and 2 Sell recommendations. The service notes that this mid-$30s target sits below the prevailing share price following a strong run to new one-year highs, as analysts reassess upside potential in light of updated earnings expectations and commodity-price assumptions (MarketBeat, 18 February 2026).
Investing.com (ENI consensus)
Investing.com reports that 23 analysts covering Eni’s Milan‑listed shares have a Neutral consensus rating, with an average 12‑month ENI stock forecast of around €16.76 and individual estimates spanning from €14.50 to €20. The service notes that this mid‑teens target band reflects differing assumptions on future oil and gas prices, cash‑flow generation and shareholder distributions as analysts update their models following recent share‑price strength and corporate news (Investing.com, 23 February 2026).
Fintel (ENI target range)
Fintel data indicate that analysts following Eni’s Milan-listed shares hold an average one-year price target of €17.03, within a range of €14.64 to €21. The platform describes these figures as a monthly refreshed indication of perceived fair value, with dispersion driven by varying assumptions on projected earnings, historical performance and required returns (Fintel, 23 February 2026).
Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.
ENI stock price: Technical overview
The ENI stock price is trading around €18.58 as of 11:28 on 23 February 2026 (UTC), holding above a rising daily moving-average cluster, with the 20-, 50-, 100- and 200-day simple moving averages (SMAs) near €17.8, €16.8, €16.3 and €15.3 respectively. The 20-day SMA remains above the 50-day SMA, while the 14-day relative strength index (RSI) near 75.8 indicates elevated momentum conditions. The average directional index (ADX) near 34.3 suggests an established trend rather than a range-bound market.
On the topside, the nearest classic pivot above spot sits around €17.96, with R2 near €18.69 coming into view only after a sustained daily close through that first pivot area. On pullbacks, the classic pivot near €16.81 serves as an initial reference, followed by the 100-day SMA around €16.28 as the next technical level. A decisive break below that region could expose the S1 area near €16.08 on the classic grid (TradingView, 23 February 2026).
This technical analysis is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.
Eni share price history (2024–2026)
ENI’s stock price has moved higher over the past two years, rising from the mid-teens in early 2024 to trade in the high-€18 area by late February 2026. The stock closed at €14.29 on 26 February 2024, then spent much of the remainder of 2024 oscillating within a relatively tight €13-€15 range, with repeated prices around €14-€14.50 and only brief moves above €15 in late spring and autumn.
Momentum increased during 2025 as the range shifted upwards. From levels near €13.50 at the start of January 2025, Eni moved into the mid-€14s by the summer and then advanced beyond €15 in October, finishing the year at €16.18 on 30 December 2025. In early 2026, the uptrend strengthened further, with the price rising from around €16.44 on 2 January to the mid-€17s and then into the high-€18s by mid-February, leaving Eni at €18.63 on 23 February 2026 and well above its level of two years earlier.
Past performance is not a reliable indicator of future results.
Eni (ENI): Capital.com analyst view
Eni’s share price has recorded a multi-quarter advance, moving from the low- to mid-€14 area in early 2024 to trade near €18.58 as of 11:28 on 23 February 2026 (UTC), close to the upper end of its recent trading range on Capital.com. The gradual shift higher followed extended periods of range-bound trading in 2024, before the stock established a firmer upward structure through late 2025 and early 2026.
Recent gains coincide with ongoing capital returns, including buybacks and dividends, alongside an energy backdrop shaped by commodity-price movements and disciplined investment spending. These factors can influence cash-flow generation and valuation metrics for integrated oil and gas companies. At the same time, Eni remains exposed to volatility in crude oil and natural gas benchmarks, project execution risks, regulatory developments and the evolving transition towards lower-carbon energy sources, all of which may affect future performance.
Summary – Eni 2026
- As of 11:28am UTC on 23 February 2026, Eni traded near €18.58, compared with around €14-€15 in early 2024 and the mid-€13s in early 2025.
- Daily technical indicators show the price above its 20-, 50-, 100- and 200-day moving averages near €17.8, €16.8, €16.3 and €15.3, while the RSI near 75.8 indicates elevated momentum.
- Key variables include oil and gas price trends, cash-flow generation, capital-return policies such as dividends and buybacks, and the pace and cost of Eni’s energy-transition strategy.
- Recent company updates have focused on share repurchases that lifted the treasury-stock stake to about 6.5% of share capital, alongside the forthcoming 2025 full-year and fourth-quarter results.
Past performance is not a reliable indicator of future results.
FAQ
Who owns the most Eni stock?
Eni’s largest shareholder is typically the Italian Ministry of Economy and Finance, which holds a significant direct stake in the company. State-backed entities such as Cassa Depositi e Prestiti (CDP) may also hold shares. Together, these public-sector interests account for a substantial proportion of Eni’s share capital, with the remainder held by institutional investors and retail shareholders across global markets. Ownership structures can change over time, so investors should review Eni’s latest annual report or regulatory filings for the most recent breakdown.
What is the 5-year Eni share price forecast?
There is no reliable or universally agreed five-year ENI stock forecast. Most published analyst price targets focus on a 12-month horizon, reflecting the difficulty of modelling long-term oil and gas prices, capital expenditure, regulatory shifts and macroeconomic conditions. Where longer-term projections appear, analysts base them on assumptions about commodity prices, production levels, energy transition strategy and global demand. These estimates are inherently uncertain and should be viewed as illustrative scenarios rather than firm predictions.
Is Eni a good stock to buy?
Whether Eni is considered ‘good’ depends on an individual’s objectives, risk tolerance and time horizon. Eni operates as an integrated energy company, so its performance is closely linked to oil and gas prices, refining margins, project execution and regulatory developments. Some market participants focus on dividend policy and capital-return programmes, while others assess exposure to commodity-price volatility and transition-related risks. Each factor can affect returns in different ways. This information is for educational purposes only and does not constitute investment advice.
Could Eni stock go up or down?
Like all listed shares, Eni’s price can move in either direction. Factors that may influence the share price include changes in crude oil and natural gas benchmarks, earnings results, geopolitical developments, regulatory updates and broader market conditions. Technical indicators, analyst targets and company announcements can provide context, but they do not guarantee future performance. Price movements in the energy sector can be pronounced, particularly during periods of commodity-price volatility.
Should I invest in Eni stock?
Yes, you can trade Eni CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.