BofA Lifts PT on Eni S.p.A. (E) to EUR 21 From EUR 18.50 – Here’s Why

<p>Eni S.p.A. (NYSE:<a href="https://finance.yahoo.com/quote/E">E</a>) is one of <a href="https://www.insidermonkey.com/blog/11-most-undervalued-energy-stocks-to-buy-now-1716246/">the most undervalued energy stocks to buy now</a>. BofA lifted the price target on Eni S.p.A. (NYSE:E) to EUR 21 from EUR 18.50 on March 13 and reaffirmed a Neutral rating on the shares. Its commodities research team increased oil and gas price forecasts across 2026-27 to take into account the risks of a prolonged shutdown of the Strait of Hormuz, driving higher price targets across the firm’s European oil and gas coverage.</p>
<p>Eni S.p.A. (NYSE:E) released its fiscal Q4 and full-year 2025 results on February 26 and reported an adjusted net income of €1.20 billion in fiscal Q4, up 35% year-over-year. Fiscal Q4 CFFO came up to €3 billion, up 4% year-over-year. Management reported that cash flow remains well ahead of plan, with active portfolio management contributing to historically low gearing of 14%.</p>
<p>In its operational highlights, Eni S.p.A. (NYSE:E) also cited a binding agreement signed with Petronas to establish a jointly-controlled E&amp;P satellite over Indonesia/Malaysia. Management stated that the agreement aims at combining two material gas asset portfolios with rich exploration potential and an initial production level of over 300 Kboe/d, anticipated to quickly ramp up to a sustainable level of over 500 Kboe/d.</p>
<p>Eni S.p.A. (NYSE:E) explores, refines, produces, and sells oil, electricity, gas, and chemicals. Its operations are divided into the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining &amp; Marketing and Chemicals, Power &amp; Renewables, and Corporate and Other Activities.</p>
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