Eni S.p.A (NYSE:E) Faces Mixed Financial Performance in Q1 2025

• Citigroup adjusts Eni's rating to Neutral and lowers its price target due to mixed Q1 2025 financial results and challenges in hydrocarbon production and refining margins.
• Eni reports adjusted earnings from continuing operations at 92 cents per American Depository Receipt, slightly above estimates but lower than the previous year.
• Total quarterly revenues reached $24.2 billion, driven by higher natural gas price realizations, surpassing Zacks Consensus Estimate.

Eni S.p.A (NYSE:E) is a major player in the global energy sector, primarily involved in oil and gas exploration, production, and refining. The company competes with other energy giants like ExxonMobil and Royal Dutch Shell. On April 25, 2025, Citigroup adjusted its rating for Eni to Neutral, maintaining a hold action, with the stock priced at $29.06. Citigroup also lowered Eni's price target from EUR 14 to EUR 13, as highlighted by TheFly.

Eni's first-quarter 2025 financial performance shows mixed results. The company reported adjusted earnings from continuing operations at 92 cents per American Depository Receipt, slightly surpassing the Zacks Consensus Estimate of 91 cents. However, this is a decline from the previous year's earnings of $1.04. Despite this, Eni's total quarterly revenues reached $24.2 billion, exceeding the Zacks Consensus Estimate of $22.3 billion.

The better-than-expected revenue results were primarily driven by higher natural gas price realizations. However, Eni faced challenges due to a decrease in hydrocarbon production and lower margins in refining and biofuels. These factors contributed to Citigroup's decision to adjust its rating and lower the price target for Eni. Additionally, Eni has lowered its capital expenditure guidance for 2025, indicating a cautious approach to future investments.

Currently, Eni's stock is priced at $29.06, reflecting a slight increase of 0.2, or 0.693%. The stock has fluctuated between a low of $28.915 and a high of $29.135 today. Over the past year, Eni's stock has reached a high of $33.12 and a low of $24.65. The company's market capitalization stands at approximately $44.39 billion, with a trading volume of 380,482 shares.