Barclays raised target for Eni stock from EUR 30.50 to EUR 32.00

Published on 10/08/2026 at 11:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EBIT reached EUR 8.90 billion in the first half of 2026. Eni stock costs EUR 24.57 on October 8, 2026 versus EUR 24.12, plus 1.87 percent.

Flatlay mit Aktienzertifikat, ISIN-Karte und Rohöl-Utensilien auf dunklem Tisch — Flatlay-Arrangement mit Aktienzertifikat und ISIN-Karte symbolisiert die Investition in Eni S.p.A., ISIN IT0003132476, Illustration mit AI erstellt.

Eni stock (ISIN IT0003132476) was trading at EUR 24.57 at Lang & Schwarz on October 8, 2026, at 11:14 a.m. CEST, up 1.87 percent versus the prior close of EUR 24.12 on October 7. Barclays had raised its price target for Eni from EUR 30.50 to EUR 32.00 on October 5, 2026, while keeping an Overweight rating, according to Markets Insider.

Barclays lifts the valuation bar

The new EUR 32.00 target lies 30.24 percent above the Lang & Schwarz price of EUR 24.57. That comparison gives the analyst action a concrete market reference, although the target is a research view rather than a company forecast.

The target increase came as Eni approaches its third-quarter reporting date. The higher valuation leaves the share price below the level Barclays assigned to the stock, while the daily move at Lang & Schwarz remained a separate market signal.

First-half profit sets the base

Eni reported EUR 8.90 billion of pro forma adjusted EBIT and EUR 3.60 billion of adjusted net profit for the first half of 2026, according to Eni. Organic capital expenditure stood at EUR 3.70 billion in the same period, while cash flow from operations before changes in working capital reached EUR 7.30 billion.

The company also reported daily hydrocarbon production of 1.80 million barrels of oil equivalent and pro forma gearing of 10 percent for the first half. These figures place the target revision against an operating base that includes both earnings and cash-generation measures.

Results date approaches

Eni's investor calendar lists October 23, 2026, for third-quarter results and the related conference call. The next report will give investors a fresh reference for the earnings trend behind the current analyst valuation.

Eni's shares are listed on Euronext Milan and the company is part of the FTSE MIB. Its integrated energy model spans oil and gas exploration, electricity, refining, chemicals and renewable energy activities, according to Borsa Italiana.

Stock holds above the prior close

At 11:14 a.m. CEST on October 8, 2026, Eni stock was trading at EUR 24.57 at Lang & Schwarz, plus 1.87 percent versus the EUR 24.12 prior close from October 7. The further course of trading is shown by the continuously updated real-time quote of Eni stock.