Citigroup Inc. Reaffirms “Buy” Rating for ENI S.p.A. (E)
E has been the topic of several other reports. Zacks Investment Research cut shares of ENI S.p.A. from a hold rating to a sell rating in a research report on Tuesday, July 18th. BNP Paribas cut shares of ENI S.p.A. from a neutral rating to an underperform rating in a research report on Sunday, May 28th. Credit Suisse Group downgraded ENI S.p.A. from an outperform rating to a neutral rating in a report on Thursday, August 3rd. Societe Generale restated a buy rating on shares of ENI S.p.A. in a report on Wednesday, July 26th. Finally, Exane BNP Paribas downgraded ENI S.p.A. from a neutral rating to an underperform rating in a report on Friday, May 26th. Six research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $26.00.
ENI S.p.A. (NYSE:E) opened at 31.74 on Wednesday. ENI S.p.A. has a 12-month low of $26.15 and a 12-month high of $34.62. The firm’s 50-day moving average is $31.25 and its 200 day moving average is $31.46. The stock has a market capitalization of $57.78 billion, a P/E ratio of 64.51 and a beta of 0.75.
ENI S.p.A. (NYSE:E) last issued its quarterly earnings results on Friday, July 28th. The oil and gas exploration company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.09 by $0.18. ENI S.p.A. had a net margin of 1.14% and a return on equity of 2.23%. The firm had revenue of $17.20 billion for the quarter. Equities research analysts anticipate that ENI S.p.A. will post $2.29 earnings per share for the current year.
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The business also recently disclosed a None dividend, which will be paid on Friday, October 6th. Shareholders of record on Tuesday, September 19th will be issued 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 payout ratio is presently 309.76%.
A number of institutional investors have recently added to or reduced their stakes in E. Sei Investments Co. boosted its position in ENI S.p.A. by 35.5% in the first quarter. Sei Investments Co. now owns 4,249 shares of the oil and gas exploration company’s stock valued at $139,000 after buying an additional 1,114 shares during the period. Creative Planning boosted its position in ENI S.p.A. by 41.0% in the second quarter. Creative Planning now owns 4,391 shares of the oil and gas exploration company’s stock valued at $132,000 after buying an additional 1,277 shares during the period. Pacad Investment Ltd. acquired a new position in ENI S.p.A. during the second quarter valued at $189,000. Dynamic Technology Lab Private Ltd acquired a new position in ENI S.p.A. during the first quarter valued at $215,000. Finally, Shelton Capital Management acquired a new position in ENI S.p.A. during the second quarter valued at $225,000. 1.66% of the stock is currently owned by institutional investors.
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.
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