Eni SpA (E) Hits Fresh High: Is There Still Room to Run?

Shares of Eni SpA (E) have been strong performers lately, with the stock up 17.8% over the past month. The stock hit a new 52-week high of $56.63 in the previous session. Eni SpA has gained 47% since the start of the year compared to the 33.3% move for the Zacks Oils-Energy sector and the 40.8% return for the Zacks Oil and Gas - Integrated - International industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, having beaten the Zacks Consensus Estimate in each of the last four quarters. In its last earnings report on February 26, 2026, Eni SpA reported EPS of $0.87 versus consensus estimate of $0.78 while it beat the consensus revenue estimate by 14.1%.For the current fiscal year, Eni SpA is expected to post earnings of $4.97 per share on $107.96 in revenues. This represents a 42% change in EPS on a 14.47% change in revenues. For the next fiscal year, the company is expected to earn $4.86 per share on $104.22 in revenues. This represents a year-over-year change of -2.17% and -3.46%, respectively.Valuation MetricsWhile Eni SpA has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.Eni SpA has a Value Score of A. The stock's Growth and Momentum Scores are C and A, respectively, giving the company a VGM Score of A.In terms of its value breakdown, the stock currently trades at 11.2X current fiscal year EPS estimates, which is not in-line with the peer industry average of 11.4X. On a trailing cash flow basis, the stock currently trades at 6.6X versus its peer group's average of 5.6X. This is good enough to put the company in the top echelon of all stocks we cover from a value perspective, making Eni SpA an interesting choice for value investors.Zacks RankWe also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, Eni SpA currently has a Zacks Rank of #1 (Strong Buy) thanks to a solid earnings estimate revision trend.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Eni SpA fits the bill. Thus, it seems as though Eni SpA shares could still be poised for more gains ahead.How Does E Stack Up to the Competition?Shares of E have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is OMV AG (OMVKY). OMVKY has a Zacks Rank of #1 (Strong Buy) and a Value Score of A, a Growth Score of D, and a Momentum Score of D.Earnings were strong last quarter. OMV AG beat our consensus estimate by 418.42%, and for the current fiscal year, OMVKY is expected to post earnings of $1.73 per share on revenue of $32.71 billion.Shares of OMV AG have gained 6.6% over the past month, and currently trade at a forward P/E of 10.44X and a P/CF of 4.7X.The Oil and Gas - Integrated - International industry is in the top 14% of all the industries we have in our universe, so it looks like there are some nice tailwinds for E and OMVKY, even beyond their own solid fundamental situation.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Eni SpA (E): Free Stock Analysis Report OMV AG (OMVKY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks