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Eni SpA ADR (E) Stock

Eni SpA ADR Stock Details, Movements and Public Alerts

Eni SpA ADR (E): Italy's Energy Giant Balancing Oil Profits with Green Transition

Under CEO Claudio Descalzi's leadership since 2014, Italy's Eni has transformed from a traditional oil major into a diversified energy company navigating the transition to renewables without sacrificing shareholder returns. The company's strategic positioning in high-margin African natural gas fields and Mediterranean oil reserves generates robust cash flow, enabling a generous 6.2% dividend yield. Simultaneously, Eni is scaling Plenitude—its retail energy and renewable power arm—and HVO Green biodiesel production. Trading at a forward P/E of 9.9x with strong free cash flow, ENI ADR offers income investors exposure to both traditional energy profits and energy transition upside, all at a compelling valuation.

52-Week Range

$38.47 - $23.76

-3.04% from high · +56.99% from low

Avg Daily Volume

222,967

20-day average

100-day avg: 264,739

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

19.20

Near market average

Forward P/E

9.93

Earnings expected to grow

PEG Ratio

0.73

Potentially undervalued

Price to Book

0.89

EV/EBITDA

2.61

EPS (TTM)

$1.91

Price to Sales

0.64

Beta

0.91

Less volatile than market

How is E valued relative to its earnings and growth?
Eni SpA ADR trades at a P/E ratio of 19.20, which is near the market average of approximately 20, suggesting the market views it as fairly valued relative to its earnings. Looking ahead, the forward P/E of 9.93 is lower than the current P/E, indicating analysts expect earnings to grow over the next year. The PEG ratio of 0.73 suggests the stock may be undervalued relative to its growth rate.
What is E's risk profile compared to the market?
With a beta of 0.91, Eni SpA ADR is less volatile than the overall market. This means when the market moves up or down by 10%, this stock typically moves less than 10% in the same direction. Lower beta stocks are often preferred by conservative investors seeking stability. The price-to-book ratio of 0.89 indicates the stock trades below its accounting value, which could signal value or distress.

Performance & Growth

Profit Margin

3.18%

Operating Margin

7.39%

EBITDA

$13.31B

Return on Equity

5.47%

Return on Assets

2.02%

Revenue Growth (YoY)

-2.20%

Earnings Growth (YoY)

50.00%

How profitable and efficient is E's business model?
Eni SpA ADR achieves a profit margin of 3.18%, meaning it retains $3.18 from every $100 in revenue after all expenses. This relatively low margin suggests the company operates in a competitive environment or high-cost industry where profitability is challenging. The operating margin of 7.39% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 5.47% and ROA at 2.02%, the company achieves moderate returns on invested capital.
What are E's recent growth trends?
Eni SpA ADR's revenue declined by 2.20% year-over-year, indicating challenges in maintaining sales momentum. This contraction may reflect market headwinds, competitive pressures, or strategic transitions. Earnings increased by 50.00% year-over-year, outpacing revenue growth through improved margins. These growth metrics should be evaluated against OIL & GAS INTEGRATED industry averages for proper context.

Dividend Information

Dividend Per Share

$0.25

Dividend Yield

6.22%

Ex-Dividend Date

Nov 25, 2025

Dividend Date

Dec 5, 2025

What dividend income can investors expect from E?
Eni SpA ADR offers a dividend yield of 6.22%, paying $0.25 per share annually. This high yield exceeds 4%, significantly outperforming the S&P 500 average of 1.5-2% and most investment-grade bonds. For income-focused investors, this represents an attractive cash flow opportunity, though high yields sometimes signal market concerns about sustainability. To receive the next dividend, shares must be purchased before the ex-dividend date of Nov 25, 2025.
How reliable is E's dividend for long-term investors?
The dividend sustainability can be assessed through the payout ratio - Eni SpA ADR pays $0.25 per share in dividends against earnings of $1.91 per share, resulting in a payout ratio of 13.09%. This conservative payout below 30% indicates excellent dividend safety with substantial room for future increases. The company retains most earnings for growth while still rewarding shareholders. The next dividend payment is scheduled for Dec 5, 2025.

Company Size & Market

Market Cap

$55.5B

Revenue (TTM)

$86.56B

Revenue/Share (TTM)

$56.58

Shares Outstanding

1.49B

Book Value/Share

$16.35

Asset Type

Common Stock

What is E's market capitalization and position?
Eni SpA ADR has a market capitalization of $55.5B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 1.49B shares outstanding, the company's ownership is widely distributed. As a participant in the OIL & GAS INTEGRATED industry, it competes with other firms in this sector.
How does E's price compare to its book value?
Eni SpA ADR's book value per share is $16.35, while the current stock price is $37.30, resulting in a price-to-book (P/B) ratio of 2.28. This reasonable premium to book value suggests the market values the company's earnings power and intangible assets appropriately. Most profitable companies trade between 1-3x book value. As a common stock, this represents equity ownership with voting rights.

Analyst Ratings

Analyst Target Price

$37.14

0.43% downside potential

Analyst Recommendations

Strong Buy

0

Buy

0

Hold

4

Sell

0

Strong Sell

0

How reliable are analyst predictions for E?
4 analysts cover E with 0% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The bearish sentiment could create opportunity if analysts are wrong. The consensus target of $37.14 implies -0.4% downside, but targets are often adjusted to follow price moves rather than predict them.
What is the Wall Street consensus on E?
Current analyst recommendations:004 Hold, 00The neutral stance suggests uncertainty or fair valuation at current levels.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Nov 1, 2025, 02:30 AM

Technical Indicators

RSI (14-day)

56.81

Neutral

50-Day Moving Average

$34.52

8.05% above MA-50

200-Day Moving Average

$30.13

23.80% above MA-200

MACD Line

0.23

MACD Signal

0.24

MACD Histogram

-0.01

Bearish

What does E's RSI value tell investors?
The RSI (Relative Strength Index) for E is currently 56.81, indicating the stock is in neutral territory (40-60 range). Neither buyers nor sellers have clear control, suggesting consolidation or balanced market forces. Combined with the price being above the 50-day moving average, this confirms bullish conditions.
How should traders interpret E's MACD and moving average crossovers?
MACD analysis shows the MACD line at 0.23 below the signal line at 0.24, with histogram at -0.01. This bearish crossover indicates downward pressure. The narrow histogram suggests a potential trend change ahead. The 50-day MA ($34.52) is above the 200-day MA ($30.13), forming a golden cross pattern that typically signals a long-term uptrend. Price is currently above both MAs, confirming strength.

Indicators last updated: Oct 7, 2025, 12:38 AM

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Eni SpA ADR (E) Stock Analysis 2025: Complete Investment Guide

The European Major Nobody's Talking About

While investors obsess over Exxon and Shell, Italy's Eni quietly operates one of the most strategically positioned energy portfolios in the industry. Claudio Descalzi, CEO since 2014, has engineered a dual-track strategy: maximize cash from high-margin conventional operations in Africa and the Mediterranean, then reinvest aggressively in renewable infrastructure through Plenitude and HVO Green biofuels. The result? A 6.2% dividend yield that few energy majors can match, combined with genuine energy transition progress that positions Eni for long-term relevance.

For American investors, the ADR provides convenient access to this compelling story. Eni's operational footprint—from Angola's deepwater gas fields to Egypt's Zohr supergiant gas discovery to Italy's retail energy customers—creates diversified revenue streams resilient to regional disruptions. With a forward P/E of just 9.9x and consistent free cash flow, Descalzi's team has built a value proposition that combines income, strategic assets, and transition optionality.

Business Model & Competitive Moat

Eni operates an integrated model spanning the full energy value chain. Upstream operations focus on natural gas (60% of production) and oil exploration/production in Africa, Mediterranean, and Asia. The crown jewels include Egypt's Zohr field (discovered by Eni in 2015, now supplying 40% of Egypt's gas needs) and Angola's Block 15/06 deepwater operations. Downstream, Eni owns refineries, chemical plants, and retail networks across Europe.

The competitive moat derives from strategic asset positioning and operational efficiency. Eni's African portfolio features low breakeven costs ($25-35/barrel), ensuring profitability even during energy price downturns. Long-standing relationships with African governments provide preferential access to exploration blocks. The Plenitude ecosystem integrates renewable power generation, energy storage, and retail electricity/gas services—creating switching barriers as customers adopt Eni's bundled offerings. HVO Green's biorefinery technology converts waste oils into sustainable aviation fuel and renewable diesel, capturing premium pricing in decarbonization-focused markets.

Financial Performance

Eni's financial profile demonstrates the cash-generative power of well-positioned energy assets:

  • •Valuation: Forward P/E of 9.9x versus 19.2x trailing P/E indicates 94% expected earnings growth
  • •Dividend: 6.2% yield with progressive payout policy (€0.94 annual dividend per ADR)
  • •Cash Generation: Consistent free cash flow supports dividends and growth capex
  • •Upstream Margins: Low-cost African assets deliver superior margins during high commodity prices
  • •Debt Management: Net debt/EBITDA maintained at conservative levels despite energy transition investments
  • •Profitability: Integrated model smooths earnings volatility across commodity cycles

Growth Catalysts

  • •Plenitude Expansion: Target 8 GW renewable capacity by 2025 (up from 2 GW in 2023), creating new high-margin revenue stream
  • •African Gas Monetization: LNG export infrastructure connecting stranded gas assets to Asian/European premium markets
  • •HVO Green Scale-Up: Biorefinery capacity expansion targeting 2 million tons/year HVO production by 2026
  • •Egypt Strategic Partnership: Zohr field expansion and new exploration blocks strengthen Egypt positioning
  • •European Energy Security: EU prioritization of non-Russian gas supply benefits Eni's Mediterranean/African portfolio
  • •Carbon Capture Projects: CCUS initiatives in Italy and UK create potential carbon credit revenue streams

Risks & Challenges

  • •Commodity Price Volatility: Oil/gas price fluctuations directly impact upstream earnings despite hedging programs
  • •Geopolitical Exposure: Significant operations in Africa and Middle East create political/security risks
  • •Energy Transition Uncertainty: Capital allocation between traditional energy and renewables requires perfect execution
  • •Regulatory Headwinds: European carbon taxes and emission regulations increase operational costs
  • •ADR Liquidity: Lower trading volumes versus domestic Italian shares can create bid-ask spread challenges
  • •Competition in Renewables: Plenitude faces incumbents (Enel, Iberdrola) with scale advantages in European power markets

Competitive Landscape

Eni competes with European majors (Shell, BP, TotalEnergies) and U.S. supermajors (Exxon, Chevron). Among European peers, Eni's African focus differentiates it from Shell's global diversification or BP's aggressive renewables pivot. TotalEnergies offers the closest comparison—both pursue integrated energy transition strategies while maintaining strong conventional assets. However, Eni's 6.2% dividend yield exceeds TotalEnergies' 5.1% and Shell's 3.8%.

Claudio Descalzi's strategy deliberately avoids head-to-head competition with American majors in U.S. shale or deepwater Gulf of Mexico. Instead, Eni leverages Mediterranean/African proximity, decades of regional relationships, and technical expertise in complex gas projects. In renewables, Plenitude targets southern European residential customers—a segment underserved by utility-scale renewable developers focused on wholesale power markets. This niche positioning reduces competitive intensity while building defensible market share.

Who Is This Stock Suitable For?

Perfect For

  • ✓Income investors seeking high-yield energy exposure (6.2% dividend)
  • ✓Value investors comfortable with cyclical commodity exposure
  • ✓Investors wanting energy transition exposure without sacrificing current income
  • ✓Portfolio diversification into European/African energy markets

Less Suitable For

  • ✗ESG-focused investors with strict fossil fuel exclusions
  • ✗Growth investors seeking capital appreciation over dividends
  • ✗Risk-averse investors uncomfortable with geopolitical exposure
  • ✗Traders needing high ADR liquidity (prefer European-listed shares)

Investment Thesis

Eni represents a compelling risk-reward proposition for income-oriented investors willing to embrace energy sector volatility. The 6.2% dividend yield—sustainably backed by cash-generative African gas assets—provides immediate income while Descalzi's team executes the energy transition playbook. Unlike pure-play oil companies facing existential questions, Eni is proactively building Plenitude and HVO Green as future earnings engines. Unlike pure-play renewables developers burning cash, Eni funds growth from conventional energy profits.

The valuation disconnect is striking. A forward P/E of 9.9x prices in minimal growth despite visible catalysts: Plenitude approaching profitability, HVO Green scaling biodiesel capacity, and African gas projects delivering first production. European energy security concerns post-Ukraine provide structural tailwinds for non-Russian gas suppliers like Eni. For investors seeking both yield and energy transition exposure, Eni delivers both at a value price point rarely available in quality energy names.

Conclusion

Eni is a BUY for income-focused investors seeking energy exposure with transition optionality. The combination of high current yield, improving earnings trajectory, and strategic asset positioning creates asymmetric risk-reward. While geopolitical and commodity price risks exist, the 6.2% dividend provides a substantial margin of safety. For investors comfortable with energy sector dynamics, ENI represents one of the best income opportunities in the space today, with the added benefit of genuine renewable growth drivers that position the company for long-term relevance in a decarbonizing world.
Bull Case
$40 (35% upside) - Oil prices sustain $80-90/bbl, Plenitude reaches profitability early
Base Case
$35 (18% upside) - Steady execution on transition strategy, stable commodity prices
Bear Case
$25 (16% downside) - Oil price collapse below $60/bbl, energy transition costs exceed benefits

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