ENI stocks 2024: Forecasts, Quotation, Target Price, why is BUY

You probably know the Italian Eni energy company, but is this enough to make its stock worthwhile? What are the forecasts for 2024 according to analysts? Is it worth investing in Eni stocks now and/or in the coming months?

To answer these questions there is only one thing to do: dissect any technical information relating to its title. Precisely for this reason I have decided to prepare a small guide where I will analyze the target price, dividends, performance and quotations of the Eni share.

Let’s begin!

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In This Article We Talk About:

Eni: a few words about the company
Eni share forecasts 2024: what to expect? Dividends and target price
Is it worth investing in Eni stocks?
How to buy Eni stocks?

Eni: a few words about the Italian energy company

The first thing to do is provide a brief overview of the company, in order to better analyze its business and understand how it has reacted over time to the various market needs.

Originally an acronym for Ente Nazionale Idrocarburi, ENI today represents one of the most important integrated energy companies in the world. In 1953 it was born as a public body by the Italian state, and is currently active in the exploration, refining, production and marketing of electricity, oil and gas and chemicals.

Today it is present in about 70 countries around the world, boasting thousands of employees. It is also called the six-legged dog, a name that derives from its historic logo.

ENI shares are listed on both the Milan Stock Exchange and the New York Stock Exchange (NYSE). The security was placed on the Borsa Italiana market in 1995.

Today’s capitalization is 50.34 billion euros.

The Italian State is the main shareholder of ENI, with the MEF owning over 157 million shares, corresponding to a 4.41% stake, and Cassa Depositi e Prestiti (controlled by the MEF for 82.77% of the share capital) which holds more than 935 million shares, equal to 26.21% of the total

ENI stocks: Forecasts, Quotation, Target Price — Above: the logo of ENI, a dog with 6 legs

Eni ( ENI ) stocks performance and price of today

LATEST DIVIDENDS

Data ex-Div	Importo del dividendo	Tipo di dividendo	Data di pagamento
20-11-2023	€ 0,23	Trimestrale ( 3 months)	22-11-2023
18-09-2023	€ 0,24	Trimestrale	20-09-2023
22-05-2023	€ 0,22	Trimestrale	24-05-2023
20-03-2023	€ 0,22	Trimestrale	22-03-2023
21-11-2022	€ 0,22	Trimestrale	23-11-2022
19-09-2022	€ 0,22	Trimestrale	21-09-2022
23-05-2022	€ 0,43	Finale	25-05-2022
20-09-2021	€ 0,43	provvisorio	22-09-2021
24-05-2021	€ 0,24	Finale	26-05-2021
21-09-2020	€ 0,12	provvisorio	23-09-2020
18-05-2020	€ 0,43	Finale	20-05-2020
23-09-2019	€ 0,43	provvisorio	25-09-2019
20-05-2019	€ 0,41	Finale	22-05-2019
24-09-2018	€ 0,42	provvisorio	26-09-2018
21-05-2018	€ 0,40	Finale	23-05-2018
18-09-2017	€ 0,40	provvisorio	20-09-2017
24-04-2017	€ 0,40	Finale	26-04-2017
19-09-2016	€ 0,40	provvisorio	21-09-2016
23-05-2016	€ 0,40	Finale	25-05-2016
21-09-2015	€ 0,40	provvisorio	23-09-2015
18-05-2015	€ 0,56	Finale	20-05-2015
22-09-2014	€ 0,56	provvisorio	25-09-2014
19-05-2014	€ 0,55	Finale	22-05-2014
23-09-2013	€ 0,55	provvisorio	26-09-2013
20-05-2013	€ 0,54	Finale	23-05-2013
24-09-2012	€ 0,54	provvisorio	27-09-2012
21-05-2012	€ 0,52		—
19-09-2011	€ 0,52		—
23-05-2011	€ 0,50		—
18-10-2010	€ 0,36		—
20-09-2010	€ 0,36		—
24-05-2010	€ 0,36

Ultime notizie importanti ed analisi tecnica:

Eni stock forecasts 2024: what to expect? Dividends and target price

And now let’s see the most important data for understanding whether to invest in Eni stocks.

Eni: the target price

Let’s continue with our analysis: according to analysts, the target price fluctuates between €13.90 and €20, with an average price of €16.97.

The analysts’ best choice is to buy the shares, as the prospects appear to be good.

Obviously always remember that we are talking about uncertain data and forecasts. No one has a crystal ball and can tell you what to do for sure. Just having a strategy can help you understand how to move and not make mistakes when evaluating how to manage your portfolio.

Is it worth investing in Eni shares?

Now that we have explored all the technical information that can be useful to investors, let’s see if it is worth buying Eni shares.

Personally I advise against buying a single share, as it would be a risky operation if carried out individually, and without including it within a diversified strategy.

Investing in stocks can be rewarding, but you need to be clear about what you’re doing. I do not recommend acting rashly and without due preparation: if you have never invested in shares and you are at the beginning of your research, I suggest you take a look at the guide to start investing in shares.

Where to buy Eni stocks?

However, if you want to buy shares but you don’t know how to do it practically, here I’ll explain which are the two channels you can use:

The traditional bank. In my experience, if you want to invest more than 3-4 thousand euros, your current account should be fine. On average, the most important Italian banks allow you to have a securities portfolio, the problem is that often the operations have a high online cost and you have to evaluate case by case if it is convenient for you;

An online platform. There are many platforms specialized in the purchase of shares and other financial instruments that are native digital and allow you to access the markets in a more intuitive and often cheaper way. There are platforms that allow you to buy shares even with just €50. For small investments, they are often preferable in terms of user experience and above all costs.

If you want to discover the best online platforms for investing independently, read the dedicated guide.

Additional helpful resources

We have briefly seen some forecasts on the Eni stock and on what the future of the company could be.

In any case, even if you have full confidence in the brand, always invest only amounts that you can afford to lose and that never exceed 2-3% of the money you want to invest.

Diversification and prudence are indispensable in a sector which, for better or worse, has risk as its constant. You know that my position is adamant on this aspect: take risks yes, but with intelligence.

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