Eni S.p.A. (NYSE:E) is included among the 15 Best High Yield Energy Stocks to Buy Right Now.
Eni S.p.A. (NYSE:E) operates as an integrated energy company in Italy, the rest of Europe, the United States, Asia, Africa, and internationally.
On March 24, Morgan Stanley bumped its price target on Eni S.p.A. (NYSE:E) from $39.50 to $58.80, while maintaining an ‘Equal Weight’ rating on the shares. The raised target indicates an upside potential of over 5% from the current share price.
According to Morgan Stanley, it is looking less likely that crude oil prices will return to their pre-conflict levels, even if the US-Iran war comes to an end. As a result, the firm increased its 2027 Brent price estimate to $80 per barrel. Incorporating this and other recent commodity estimates, in addition to the effects of the supply disruption, Morgan Stanley raised its EPS estimates for the European energy majors by around 100% for 2026 and about 50% for 2027. The firm also upgraded its sector view to ‘Attractive’.
Eni S.p.A. (NYSE:E) was also recently included in our list of the 15 Large-cap Stocks with Highest Dividends.
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