Eni Stock Forecast | Baleine FID, Q1 Results and Buyback

Eni S.p.A. is trading near 22.92 EUR as of early June 2026, supported by rising crude oil prices following Middle East tensions and the company’s approval of the Baleine Phase 3 project in Cote d’Ivoire. The firm raised its 2026 cash flow guidance to 13.8 billion EUR and expanded its share buyback program to 2.8 billion EUR, while reporting 9% year-on-year upstream production growth in Q1. Third-party analyst targets cluster around 25.18-25.40 EUR per share, though the stock remains sensitive to commodity price fluctuations and downstream margin pressures.