Why Eni S.p.A. (E) is One of the Best Cheap Stocks Under $50 to Buy Right Now

Eni S.p.A. (NYSE:E) is one of the best cheap stocks under $50 to buy right now. RBC Capital lifted the price target on Eni S.p.A. (NYSE:E) to EUR 20 from EUR 17 on February 27, maintaining a Sector Perform rating on the shares. The firm told investors that the company has had consistent success with the drill bit over recent years, which has manifested through new JVs, increased divestment proceeds, and now production growth coming through.

Eni S.p.A. (NYSE:E) reported its fiscal Q4 and full-year 2025 results on February 26, reporting an adjusted net income of €1.20 billion in fiscal Q4, up 35% year-over-year. Fiscal Q4 CFFO came up to €3 billion, up 4% year-over-year. Management reported that cash flow remains well ahead of plan, with active portfolio management contributing to historically low gearing of 14%.

In its operational highlights, Eni S.p.A. (NYSE:E) also cited a binding agreement signed with Petronas to establish a jointly-controlled E&P satellite over Indonesia/Malaysia. Management stated that the agreement aims at combining two material gas asset portfolios with rich exploration potential and an initial production level of over 300 Kboe/d, anticipated to quickly ramp up to a sustainable level of over 500 Kboe/d.

Eni S.p.A. (NYSE:E) explores, refines, produces, and sells oil, electricity, gas, and chemicals. Its operations are divided into the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.

While we acknowledge the potential of E as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.