Eni stock trades at EUR 24.21 as HSBC keeps Hold

Published on 09/25/2026 at 12:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eni stock posted EUR 3.6 billion adjusted net profit in H1 2026. HSBC kept its Hold rating on September 25, while Q2 adjusted EBIT doubled year over year.

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Eni stock (ISIN IT0003128367) was trading at EUR 24.21 on Euronext Milan on September 24, 2026, up 0.71 percent from the prior close. The latest analyst signal came on September 25, when Investing.com reported that HSBC kept Eni at Hold and described its valuation relative to peers as justified.

HSBC keeps Eni at Hold

The assessment arrives with the shares 3.24 percent below their 52-week high of EUR 25.02. The same EUR 24.21 price stood 66.57 percent above the 52-week low of EUR 14.54, putting the stock close to the upper end of its annual range.

HSBC's view also provides a counterweight to the company's operating momentum. The bank said Eni was fairly valued overall after strong year-to-date performance, while it upgraded other energy names in the same September 25, 2026 sector review.

Profit growth sets the tone

Eni's investor-relations page identifies the latest reported period as the first half of 2026. It lists EUR 8.9 billion of pro forma adjusted EBIT, EUR 3.6 billion of adjusted net profit, EUR 3.7 billion of organic capital expenditure and EUR 7.3 billion of cash flow from operations before changes in working capital, all for H1 2026, according to Eni.

The second-quarter comparison is sharper. According to MetaTrader, Q2 2026 pro forma adjusted EBIT reached EUR 5.375 billion versus EUR 2.681 billion in Q2 2025, an increase of 100 percent. That result makes earnings growth the clearest fundamental support for the stock's elevated position in its 52-week range.

Buyback adds a capital-return angle

Capital returns remain another concrete part of the investor case. In a release dated September 23, 2026, Eni said it bought 620,714 shares on September 14 at a weighted average price of EUR 24.1657. The transaction represented 0.02 percent of share capital and lifted treasury holdings to 5.18 percent after purchases since May 8, 2026.

Third-quarter results are next

Eni's financial calendar schedules third-quarter 2026 results for October 23, 2026, according to Eni. Until then, the market has a clear numerical framework: H1 adjusted EBIT of EUR 8.9 billion, Q2 EBIT growth of 100 percent and a share price at EUR 24.21.

Eni stock was trading at EUR 24.21 on Euronext Milan on September 24, 2026. Its 52-week range was EUR 14.54 to EUR 25.02.