Brokers Offer Predictions for ENI S.p.A.’s Q3 2017 Earnings (E)
ENI S.p.A. (NYSE:E) – Stock analysts at Jefferies Group issued their Q3 2017 earnings per share estimates for shares of ENI S.p.A. in a note issued to investors on Thursday. Jefferies Group analyst M. Kofler expects that the oil and gas exploration company will post earnings per share of $0.22 for the quarter. Jefferies Group also issued estimates for ENI S.p.A.’s FY2017 earnings at $1.34 EPS.
Several other equities research analysts have also issued reports on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of ENI S.p.A. in a research report on Monday, October 2nd. Citigroup Inc. reaffirmed a “buy” rating on shares of ENI S.p.A. in a research report on Wednesday, August 30th. Barclays PLC lowered ENI S.p.A. from an “equal weight” rating to an “underweight” rating and set a $16.00 target price for the company. in a research report on Monday, August 21st. BidaskClub lowered ENI S.p.A. from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research lowered ENI S.p.A. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $16.00.
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ENI S.p.A. (E) opened at 32.72 on Monday. The firm has a market capitalization of $59.56 billion, a P/E ratio of 64.92 and a beta of 0.77. The company’s 50-day moving average is $32.70 and its 200-day moving average is $31.75. ENI S.p.A. has a one year low of $26.15 and a one year high of $34.62.
ENI S.p.A. (NYSE:E) last issued its earnings results on Friday, July 28th. The oil and gas exploration company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.18. The business had revenue of $17.20 billion for the quarter. ENI S.p.A. had a net margin of 1.14% and a return on equity of 2.23%.
The company also recently disclosed a None dividend, which was paid on Friday, October 6th. Investors of record on Tuesday, September 19th were issued a $0.676 dividend. This represents a yield of 5.86%. The ex-dividend date was Monday, September 18th. ENI S.p.A.’s dividend payout ratio (DPR) is currently 319.52%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. increased its holdings in ENI S.p.A. by 10.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 172,181 shares of the oil and gas exploration company’s stock worth $5,176,000 after acquiring an additional 16,275 shares during the last quarter. Macquarie Group Ltd. increased its holdings in ENI S.p.A. by 16.4% in the 2nd quarter. Macquarie Group Ltd. now owns 2,871,258 shares of the oil and gas exploration company’s stock worth $86,310,000 after acquiring an additional 405,222 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in ENI S.p.A. by 275.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 311,767 shares of the oil and gas exploration company’s stock worth $10,204,000 after acquiring an additional 228,644 shares during the last quarter. Sei Investments Co. increased its holdings in ENI S.p.A. by 35.5% in the 1st quarter. Sei Investments Co. now owns 4,249 shares of the oil and gas exploration company’s stock worth $139,000 after acquiring an additional 1,114 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in ENI S.p.A. in the 2nd quarter worth about $415,000. 1.66% of the stock is owned by institutional investors.
About ENI S.p.A.
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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