E Price Prediction Next Week
Analysis and Insights
To predict the stock price of Eni S.p.A. (E) for the next trading week, we will analyze both technical indicators and recent news sentiment.
Technical Analysis:
The stock price of E is currently trading at 29.45 as of the last close on March 7, 2025. Key technical indicators include:
- RSI (14): 57.15, indicating the stock is in a neutral zone, not overbought or oversold.
- MACD: 0.09, showing a weak bullish signal as the MACD line is slightly above the signal line.
- SMA: The stock is trading above its 20-day (28.64) and 50-day (29.02) moving averages but below the 200-day (28.24) moving average, suggesting mixed trends.
The Fibonacci levels for E are:
- Pivot Point: 28.89
- R1: 29.75
- R2: 30.28
- S1: 28.04
- S2: 27.51
The stock is currently trading near the pivot point and first resistance level, suggesting potential upward movement if it breaks above R1.
Fundamental Analysis:
Eni S.p.A. recently received favorable arbitration rulings in the Kashagan oil field dispute, which strengthens its position and reduces potential financial liabilities. However, the company reported a decline in revenue and net profit for the quarter ending September 30, 2024, compared to the previous year.
Analyst sentiment is mixed, with a Moderate Buy consensus and an average price target of €16.33, implying a 17.91% upside from current levels.
News Sentiment:
The arbitration ruling in favor of Eni and its consortium partners is a significant positive catalyst, potentially boosting investor confidence. Additionally, the stock has shown strong performance, with a 2.94% increase on the last trading day.
Price Prediction:
Based on the analysis, the stock is expected to trade between 29.75 and 30.28 next week, with a potential upside to 30.50 if it breaks above the first resistance level.
Recommendation:
Buy Eni S.p.A. (E) with a target price of 30.50 and stop-loss at 28.00.
E Similar Chart Price Prediction
The price of E is predicted to go up -4.88%, based on the high correlation periods with ETR. The similarity of these two price pattern on the periods is 93.4%.
E
ETR
Down: -4.88%Similarity: 93.4%
E Revenue Forecast
E EPS Forecast
E FAQs
What is E revenue forecast for next quarter？
E VS S&P500
Eni's agressive growth in areas outside its legacy hydrocarbon business puts it in a better position than most peers for the energy transistion.
By employing the satellite model, Eni improves its competitive position, ulocks value, and esnures capital for its transistion plan.
Growing hydrocarbon produciton will maintain Eni's leverage to oil and gas prices even as it diversifies its business mix.
E Analyst's Forecast
Martijn Rats
Morgan Stanley
Buy → Hold
2025-01-07
Price Target
$38 → $32
Upside
+11.98%
Morgan Stanley analyst Martijn Rats downgraded Eni to Equal Weight from Overweight with a price target of $31.60, down from $37.50 as part of a broader research note previewing 2025 in the Energy sector. Oil & gas have mixed prospects in 2025, with Gas markets looking robust, but the oil market seen as well supplied, and downstream margins likely remain under pressure, the analyst tells investors in a research note. Morgan Stanley adds that while it still foresees minor downwards pressure on consensus earnings estimates, after sharp declines, the firm believes that earnings downgrade cycle is nearing completion. For Eni however, the firm notes that the stock's run-up has compressed the company's total distribution yield significantly. Morgan Stanley adds that near-term catalysts are not easy to identify, and without guidance for a higher percentage payout, outperformance would need to rely on compression of the distribution yield.
Giacomo Romeo
Jefferies
Strong Buy
2024-10-15
Price Target
n/a
Downside
0%
Oswald Clint
Bernstein
Buy → Hold
2024-09-23
Price Target
n/a
Downside
0%
