FY2017 Earnings Estimate for Eni SpA (E) Issued By Jefferies Group
Eni SpA (NYSE:E) – Analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for shares of Eni SpA in a research note issued to investors on Wednesday. Jefferies Group analyst M. Kofler now forecasts that the oil and gas exploration company will post earnings per share of $1.29 for the year, up from their previous forecast of $1.24. Jefferies Group also issued estimates for Eni SpA’s FY2018 earnings at $1.36 EPS and FY2019 earnings at $1.49 EPS.
Eni SpA (NYSE:E) last posted its earnings results on Wednesday, March 1st. The oil and gas exploration company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.38. Eni SpA had a negative net margin of 19.22% and a negative return on equity of 2.35%. The firm had revenue of $17.44 billion for the quarter.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Eni SpA from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a report on Tuesday, May 9th. Goldman Sachs Group Inc reiterated a “buy” rating on shares of Eni SpA in a report on Friday, March 10th. Citigroup Inc reiterated a “buy” rating on shares of Eni SpA in a report on Wednesday, February 22nd. Deutsche Bank AG cut shares of Eni SpA from a “buy” rating to a “hold” rating in a report on Tuesday, April 4th. Finally, Morgan Stanley reiterated a “sell” rating on shares of Eni SpA in a report on Thursday, April 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $36.00.
Eni SpA (NYSE:E) traded up 1.41% during trading on Thursday, hitting $33.14. 148,405 shares of the company’s stock traded hands. The stock has a market cap of $59.22 billion, a P/E ratio of 184.11 and a beta of 0.95. Eni SpA has a 12 month low of $26.15 and a 12 month high of $33.48. The company’s 50 day moving average is $32.00 and its 200-day moving average is $30.95.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mondrian Investment Partners LTD increased its position in shares of Eni SpA by 48.4% in the first quarter. Mondrian Investment Partners LTD now owns 1,431,917 shares of the oil and gas exploration company’s stock worth $46,867,000 after buying an additional 466,997 shares during the period. Brandes Investment Partners LP increased its position in shares of Eni SpA by 5.5% in the first quarter. Brandes Investment Partners LP now owns 3,858,112 shares of the oil and gas exploration company’s stock worth $126,276,000 after buying an additional 201,944 shares during the period. Karp Capital Management Corp bought a new position in shares of Eni SpA during the first quarter worth $6,569,000. Mackenzie Financial Corp increased its position in shares of Eni SpA by 22.0% in the third quarter. Mackenzie Financial Corp now owns 1,009,704 shares of the oil and gas exploration company’s stock worth $29,150,000 after buying an additional 182,204 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Eni SpA during the first quarter worth $5,103,000. Institutional investors own 1.83% of the company’s stock.
The business also recently disclosed a special dividend, which was paid on Monday, May 8th. Investors of record on Tuesday, April 25th were given a dividend of $0.8458 per share. The ex-dividend date was Friday, April 21st. This represents a yield of 5.69%. Eni SpA’s dividend payout ratio (DPR) is -20.45%.
About Eni SpA
Eni SpA (Eni) is 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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