ELICA Aktie

DZ Bank raises the fair value for Eni from 27.50 to 28.00 euros and leaves the rating at "buy". Despite a Q1 result below expectations, Eni has raised its full-year targets and the volume for share buybacks, writes analyst Werner Eisenmann. » More on de.investing.com

JPMorgan has upgraded Eni from "Underweight" to "Overweight" and raised the price target from 17.50 to 22 euros, citing the escalation in the Middle East and the importance of the Strait of Hormuz for oil and gas shipments. The bank recommends that investors in the energy sector focus on companies with high oil-price leverage, saying Eni looks attractive again at oil prices of $70 per barrel. Eni shares rose in Milan by as much as about 3.8 percent. » More on finanzen.net

Eni has sold a 10-percent stake in the Baleine offshore oil and gas field in the Ivory Coast to the state-owned Azerbaijani company SOCAR. Financial terms were not disclosed. The transaction marks SOCAR’s entry into the project and serves to expand its international portfolio. » More on de.investing.com

Eni reports a find in the Konta-1 exploration well off East Kalimantan. The well reached 4,575 meters; tests suggest a possible production rate of up to 80 million standard cubic feet of gas per day. Preliminary estimates put the volume in four encountered reservoirs at around 600 billion cubic feet; undeveloped sections could increase the total volume to over one trillion cubic feet. » More on de.investing.com

Eni reports an adjusted net profit of around €1.25 billion for the third quarter, two percent below last year but well above analyst expectations. Adjusted operating profit fell 12 percent to about €3 billion, while operating free cash flow rose 14 percent to €3.3 billion. Eni raises its 2025 operating free cash flow guidance to €12 billion and increases the ongoing share buyback program by 20 percent to €1.8 billion. The stock consequently rose about two percent. » More on de.investing.com