Eni stock gains as Jefferies reiterates Buy rating and 30-euro target

Published on 09/14/2026 at 14:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eni stock trades around EUR 24.00 on Borsa Italiana as of September 13, 2026, after a strong run supported by oil prices. Jefferies reiterates a Buy rating with a EUR 30.00 price target and sees more than 20 percent upside.

Fotorealistische Offshore-Ölplattform im Mittelmeer bei Sonnenuntergang — Eni IT0003128367 zeigt eine offshore Ölplattform im Mittelmeer bei goldenem Sonnenuntergang mit Bohrturm, Illustration mit AI erstellt.

Eni stock (ISIN IT0003128367) is trading close to EUR 24.00 on Borsa Italiana as of September 13, 2026, keeping the Italian energy group near the upper end of its recent range in a market supported by higher oil prices. As Investing.com reports for September 13, 2026, the shares last changed hands at EUR 24.00 after a prior close at EUR 24.06, with a 52-week range from EUR 14.48 to EUR 25.02.

Jefferies keeps Buy rating and 30-euro target

According to MarketScreener on September 14, 2026, Jefferies has reiterated its positive view on Eni stock with a Buy rating and a EUR 30.00 price target, while the stock was quoted around EUR 24.28 in early Borsa Italiana trading that day.

The same MarketScreener overview notes that this EUR 30.00 target implies upside of roughly 23 percent versus a spot price of about EUR 24.28 on September 14, 2026, highlighting that Jefferies continues to see Eni as undervalued relative to its fundamentals at current levels. According to finanzen.ch on September 14, 2026, the Jefferies report maintains the Buy rating with the same EUR 30.00 target and cites a current Eni share price around EUR 24.28, underlining the potential for double-digit percentage gains if the target is reached.

Oil rally supports recent Eni gains

As MarketScreener reports on September 14, 2026, Eni shares were up about 0.9 percent in early Milan trading, benefiting from a rally in Brent crude futures for November above USD 107 per barrel and West Texas Intermediate for October delivery rising roughly 2.3 percent to around USD 102.83.

The same MarketScreener report highlights that Eni was among the stronger names on the FTSE MIB, with the stock gaining around 0.9 percent on September 14, 2026, while the broader Milan index traded modestly lower, suggesting that investors are rewarding the company for its leverage to higher oil prices. For shareholders, the combination of a roughly 50 percent year-to-date performance and a still double-digit upside to the Jefferies target provides a backdrop where commodity trends and capital allocation remain key drivers.

Stock level and trading context

Per data from Investing.com as of September 13, 2026, Eni stock closed that session on Borsa Italiana at EUR 24.00 after trading in an intraday range between EUR 23.75 and EUR 24.21, with the 52-week low at EUR 14.48 and the 52-week high at EUR 25.02.

The same price tables indicate that at EUR 24.00 the stock is trading around 4 percent below its 52-week high of EUR 25.02, giving investors a sense of how close Eni is to its recent peak while still offering potential headroom if oil prices stay elevated or if the company delivers on its strategic and financial targets.