ENI S.p.A. with ticker code (E) have now 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 42 and 32.5 with the average target price sitting at 35.96. With the stocks previous close at 30.87 this is indicating there is a potential upside of 16.5%. There is a 50 day moving average of 29.44 and the 200 day moving average is 26.43. The market capitalisation for the company is $52,077m. Visit the company website at: https://www.eni.com
The potential market cap would be $60,663m based on the market concensus.
Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and storage projects. The Global Gas & LNG Portfolio segment engages in the supply and wholesale of natural gas by pipeline, international transport; and purchase and marketing of LNG. The Refining & Marketing and Chemicals segment is involved in the processing, supply, distribution, and marketing of fuels and chemicals. The Eni gas e luce, Power & Renewables segment engages in the retail sales of gas, electricity, and related activities, as well as in the production and wholesale of electricity produced by thermoelectric and renewable plants. As of December 31, 2021, it had net proved reserves of 6,628 million barrels of oil equivalent; and installed operational capacity of 4.5 GW. The company was founded in 1953 and is headquartered in Rome, Italy.
