Eni stock slips as UBS keeps Buy rating
Published on 11/04/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst support meets strong results
- UBS analyst Joshua Stone retained a Buy rating for Eni and set a 32.00 euro price target.
- Markets Insider reported quarterly revenue of 25.65 billion euros and net profit of 3.21 billion euros for the period ended September 30.
- Eni's investor page highlights 1.8 million barrels of oil equivalent per day in third-quarter production and 9 percent pro forma gearing before lease liabilities.
UBS kept its Buy rating on Eni on Tuesday, November 3, 2026, and set a 32.00 euro price target, according to Markets Insider, which cited TipRanks. UBS analyst Joshua Stone maintained the positive stance as investors continued to assess Eni's third-quarter performance and capital-return plans.
Eni stock traded at 25.95 euros on Lang & Schwarz at 10:32 CET on Wednesday, November 4, 2026, 0.27 percent below the Xetra close of Tuesday, November 3. Investors can follow the real-time quote of Eni stock.
Results underpin the rating
Markets Insider reported quarterly revenue of 25.65 billion euros for the period ended September 30, compared with 20.2 billion euros a year earlier. Net profit rose to 3.21 billion euros from 803 million euros, giving the earnings backdrop more weight in the current analyst view.
Eni's investor-relations page separately highlights adjusted net profit of 2.8 billion euros for the third quarter, daily hydrocarbon production of 1.8 million barrels of oil equivalent and pro forma gearing before lease liabilities of 9 percent. The company also reported 6.0 billion euros of pro forma adjusted EBIT and 4.3 billion euros of operating cash flow before changes in working capital.
Returns remain central
The rating arrives after Eni's strong third-quarter update put shareholder remuneration back at the center of the equity story. The investor page lists a progressive remuneration policy, while the recent results materials identify the third quarter and nine-month 2026 results as the latest major investor event.
The 32.00 euro target implies meaningful upside to the current Lang & Schwarz quote, but an analyst target is an expectation rather than a guaranteed trading level. For investors, the key issues remain the durability of earnings, cash generation and the balance between upstream investment and distributions.
Eni stock at a glance
- Company: Eni S.p.A.
- ISIN: IT0003132476
- Quote: 25.95 euros on Lang & Schwarz at 10:32 CET on November 4, 2026
- Xetra comparison: 0.27 percent below the November 3 close
- Analyst view: UBS Buy rating and 32.00 euro price target
The Eni stock topic page collects further company reports and market updates.
The FTSE MIB market overview provides the broader Italian equity backdrop.
More news and analyses on Eni stock will follow as the company reports further operating and capital-allocation developments.
