Goldman Sachs Reiterates Buy Rating on Eni Amid Improved Earnings
Eni's stock price has increased following a Buy rating from Goldman Sachs. The investment bank reaffirmed its positive stance on Eni, citing the company's operational and financial progress in 2026. Specifically, Goldman Sachs analyst Michele Della Vigna maintained a Buy rating on Eni S.p.A., confirming the positive view at a closing price of around EUR 24.00 for the London-traded line.
According to Eni's half-year results for H1 2026, the company reported higher adjusted operating profit compared with the same period in 2025. This improvement was driven by stronger upstream volumes and more resilient refining and marketing margins. In quantitative terms, Eni's adjusted earnings before taxes for H1 2026 exceeded the prior-year level.
The Buy call from Goldman Sachs fits into a broader analyst consensus that generally views Eni stock as an outperformer within the European energy sector. However, there are clear risk factors that can weigh on Eni's valuation, including its cash flow and earnings remaining closely tied to oil and gas price trends.