Eni, IT0003128367

Eni stock holds firm after Uruguay deal and oil prices rise

Published on 09/01/2026 at 17:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eni stock held near EUR 23.30 on August 31, 2026, while a new offshore Uruguay agreement and firmer oil prices supported the tone. The latest visible quarter also showed EPS of USD 1.76 and revenue of USD 25.87 billion.

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Eni stock (IT0003128367) closed at EUR 23.30 on August 31, 2026, after a 2.26 percent five-day gain and a 44.39 percent rise for 2026. The latest coverage also put the consensus target at EUR 25.32, or 8.66 percent above the last close.

Uruguay adds a catalyst

According to an ad hoc news report on Eni, the group signed an offshore agreement for the OFF-5 block in Uruguay with Miwen and ANCAP. Eni holds 50 percent, and the work is still at the exploration stage.

The same report said the latest visible earnings snapshot showed EPS of USD 1.76 for the quarter versus USD 1.66 expected, while revenue came to USD 25.87 billion against USD 27.93 billion expected. That split left EPS 6.0 percent above consensus and revenue USD 2.06 billion below the view.

Consensus stays constructive

MarketScreener's coverage on September 1, 2026 showed Eni at EUR 23.60 in real time on Borsa Italiana, with a five-day gain of 1.27 percent and a year-to-date rise of 46.25 percent. The same coverage set showed 22 analysts, an average recommendation of ACCUMULA and an average target of EUR 25.32.

Finanzen.ch added that two analysts reviewed the shares in August 2026, with one buy recommendation, one hold rating and an average target of EUR 27.75 versus a current FSE price of EUR 23.26. That implies 4.49 euros, or 19.3 percent, of upside from that snapshot.

Go deeper

Uruguay block and quarterly figures

The current setup combines a new offshore step in Uruguay with a quarter that beat EPS estimates but missed on revenue.

Offshore growth path

Eni's representative product story here is exploration acreage, not a consumer brand. OFF-5 is an early-stage offshore block, and the value case depends on technical studies and the first well.

Stock near the close

Eni stock ended August 31, 2026 at EUR 23.30, with a market capitalization of USD 78.03 billion in the same coverage set. The quote page also showed the share trading on Borsa Italiana in the integrated oil and gas sector and in the FTSE MIB.

Eni at a glance

  • Company: Eni S.p.A.
  • ISIN: IT0003128367
  • Ticker: ENI
  • Trading venue: Borsa Italiana
  • Price (as of August 31, 2026, 5:45 p.m. CET): EUR 23.30
  • Market capitalization: USD 78.03 billion (as of August 31, 2026)
  • Sector / Industry: Energy / Integrated Oil and Gas
  • Index membership: FTSE MIB

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