ENI S.p.A. (NYSE:E) – Research analysts at Jefferies Group lowered their FY2017 earnings estimates for ENI S.p.A. in a report released on Tuesday. Jefferies Group analyst M. Kofler now anticipates that the oil and gas exploration company will post earnings of $1.37 per share for the year, down from their previous forecast of $1.42. Jefferies Group also issued estimates for ENI S.p.A.’s FY2018 earnings at $1.31 EPS and FY2019 earnings at $1.44 EPS.

Other equities research analysts have also recently issued reports about the company. Societe Generale reiterated a “buy” rating on shares of ENI S.p.A. in a research note on Wednesday, July 26th. Zacks Investment Research upgraded ENI S.p.A. from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Tuesday, May 9th. Citigroup Inc. reiterated a “buy” rating on shares of ENI S.p.A. in a research note on Wednesday. BidaskClub upgraded ENI S.p.A. from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Macquarie cut ENI S.p.A. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 21st. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.

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Shares of ENI S.p.A. (NYSE:E) opened at 31.43 on Thursday. The company has a 50-day moving average of $31.02 and a 200-day moving average of $31.42. ENI S.p.A. has a 1-year low of $26.15 and a 1-year high of $34.62. The firm has a market capitalization of $57.21 billion, a PE ratio of 63.88 and a beta of 0.77.

ENI S.p.A. (NYSE:E) last released its earnings results on Friday, July 28th. The oil and gas exploration company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.18. The company had revenue of $17.20 billion during the quarter. ENI S.p.A. had a net margin of 1.14% and a return on equity of 2.23%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gofen & Glossberg LLC IL increased its position in shares of ENI S.p.A. by 3.8% in the second quarter. Gofen & Glossberg LLC IL now owns 14,950 shares of the oil and gas exploration company’s stock valued at $449,000 after buying an additional 550 shares in the last quarter. Shelton Capital Management purchased a new position in shares of ENI S.p.A. during the second quarter valued at approximately $225,000. Macquarie Group Ltd. increased its position in shares of ENI S.p.A. by 16.4% in the second quarter. Macquarie Group Ltd. now owns 2,871,258 shares of the oil and gas exploration company’s stock valued at $86,310,000 after buying an additional 405,222 shares in the last quarter. Logan Capital Management Inc. increased its position in shares of ENI S.p.A. by 1.3% in the second quarter. Logan Capital Management Inc. now owns 27,236 shares of the oil and gas exploration company’s stock valued at $819,000 after buying an additional 351 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of ENI S.p.A. by 1.4% in the second quarter. Royal Bank of Canada now owns 553,231 shares of the oil and gas exploration company’s stock valued at $16,632,000 after buying an additional 7,548 shares in the last quarter. Institutional investors and hedge funds own 1.66% of the company’s stock.

The company also recently disclosed a None dividend, which will be paid on Friday, October 6th. Shareholders of record on Tuesday, September 19th will be given a dividend of $0.676 per share. The ex-dividend date of this dividend is Monday, September 18th. This represents a yield of 5.86%. ENI S.p.A.’s dividend payout ratio is currently 309.76%.

ENI S.p.A. Company Profile

Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.

Earnings History and Estimates for ENI S.p.A. (NYSE:E)

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