Equities research analysts expect Eni (NYSE:E) to post earnings per share of $0.59 for the current quarter, Zacks reports. Zero analysts have made estimates for ENI’s earnings. ENI reported earnings per share of $0.45 in the same quarter last year, which suggests a positive year-over-year growth rate of 31.1%. The company is expected to announce its next quarterly earnings report on Wednesday, May 23rd.
According to Zacks, analysts expect that ENI will report full-year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.13 to $3.00. For the next year, analysts forecast that the business will report earnings of $2.73 per share, with EPS estimates ranging from $1.63 to $3.42. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow ENI.
ENI (NYSE:E) last issued its quarterly earnings results on Wednesday, March 7th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.20. The firm had revenue of $24.59 billion for the quarter. ENI had a net margin of 4.93% and a return on equity of 5.57%.
E has been the topic of a number of recent analyst reports. Deutsche Bank upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Wednesday, April 11th. Zacks Investment Research upgraded shares of ENI from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Monday, January 29th. UBS upgraded shares of ENI from a “neutral” rating to a “buy” rating in a research report on Friday. Barclays upgraded shares of ENI from an “underweight” rating to an “equal weight” rating in a research report on Thursday, May 17th. Finally, BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, April 20th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $31.41.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp raised its holdings in ENI by 6.9% during the first quarter. Northern Trust Corp now owns 1,414,743 shares of the oil and gas exploration company’s stock worth $49,984,000 after buying an additional 90,827 shares during the last quarter. Royal Bank of Canada raised its holdings in ENI by 11.2% during the first quarter. Royal Bank of Canada now owns 713,755 shares of the oil and gas exploration company’s stock worth $25,217,000 after buying an additional 71,793 shares during the last quarter. Franklin Resources Inc. raised its holdings in ENI by 46.3% during the first quarter. Franklin Resources Inc. now owns 452,661 shares of the oil and gas exploration company’s stock worth $15,993,000 after buying an additional 143,292 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in ENI by 223.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 440,028 shares of the oil and gas exploration company’s stock worth $14,605,000 after buying an additional 304,128 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its holdings in ENI by 4.7% during the fourth quarter. Wedge Capital Management L L P NC now owns 427,429 shares of the oil and gas exploration company’s stock worth $14,186,000 after buying an additional 19,144 shares during the last quarter. Hedge funds and other institutional investors own 1.76% of the company’s stock.
Shares of NYSE E traded down $0.13 during midday trading on Thursday, reaching $37.73. The stock had a trading volume of 9,495 shares, compared to its average volume of 320,379. The company has a market capitalization of $70.61 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 0.90 and a beta of 0.87. ENI has a twelve month low of $29.44 and a twelve month high of $40.15. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.27 and a current ratio of 1.45.
The business also recently announced a semiannual dividend, which will be paid on Thursday, June 7th. Investors of record on Tuesday, May 22nd will be given a dividend of $0.6444 per share. The ex-dividend date is Monday, May 21st. This represents a dividend yield of 3.72%. ENI’s payout ratio is presently 45.70%.
ENI Company Profile
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.
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