WallStSmart
E

Eni SpA ADR

NYSE: E · ENERGY · OIL & GAS INTEGRATED

$56.63
+2.15% today

Updated 2026-04-30

Market cap
$79.57B
P/E ratio
29.73
P/S ratio
0.94x
EPS (TTM)
$1.82
Dividend yield
4.41%
52W range
$27 – $58
Volume
0.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Eni SpA ADR (E) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$56.63
Consensus
$52.89
-6.60%
2030 Target
$847.31
+1396.22%
DCF
$54.12
+19.22% MoS
26 analysts:
2 Buy1 Hold1 Sell

Management guidance

Eni presented its 2026-2029 strategic plan on March 19, 2026, targeting upstream production growth and energy transition initiatives. The company aims to increase biofuel production capacity to 5 million tonnes by 2030 through projects like the Sannazzaro biorefinery conversion. Specific revenue targets for 2026-2030 were not explicitly stated in available guidance, but the company emphasized production growth from Angola, Indonesia deepwater projects, and renewable/biofuel expansion offsetting traditional hydrocarbon headwinds.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,417.94
$103.4B Rev × 20x P/S
Base case (2030)
$847.31
$103.4B Rev × 12x P/S
Bear case (2030)
$564.87
$103.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2030 (E)
Revenue$93.7B$88.8B$78.9B$91.7B$88.5B$92.5B$103.4B
Revenue growth—-5.2%-11.1%9.7%-3.5%4.6%5.7%
EPS$5.03$2.18$1.56$1.57$1.82$1.95$2.28
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$755.08$726.26$760.85$847.31

Catalysts & risks

Growth catalysts
+ Angola production ramp (Ndungu, Algaita discoveries) contributing incremental barrels 2026-2028
+ Indonesia deepwater gas projects FID approval delivering 2 Bcfd production from 2027-2028
+ Sannazzaro biorefinery conversion targeting 550kt HVO/SAF production by 2028, supporting 5Mton capacity by 2030
+ Elevated Brent crude prices (geopolitical premium from Iran tensions) supporting realized pricing through 2026-2027
+ Strategic asset sales (Azule Energy Angola blocks divestiture for $310M) optimizing capital allocation
Key risks
- Commodity price volatility: oil/gas price downside directly impacts revenue; Brent crude assumptions critical
- Production execution risk: Angola/Indonesia project delays could defer revenue recognition beyond forecast years
- Energy transition headwinds: traditional upstream volumes under pressure; biofuel ramp may not fully offset hydrocarbon decline
- Regulatory/geopolitical: withdrawal from Israel exploration; potential windfall taxes in EU; sanctions on Venezuela operations
- Currency risk: EUR-denominated earnings; USD strengthening reduces reported revenue when translated

Methodology

Eni SpA ADR's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 26 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.