ENI S.p.A. (NYSE:E) – Equities research analysts at Jefferies Group lowered their FY2019 EPS estimates for ENI S.p.A. in a report released on Monday. Jefferies Group analyst M. Kofler now expects that the oil and gas exploration company will post earnings of $1.44 per share for the year, down from their prior forecast of $1.46. Jefferies Group also issued estimates for ENI S.p.A.’s FY2020 earnings at $1.58 EPS.

ENI S.p.A. (NYSE:E) last announced its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.07). ENI S.p.A. had a return on equity of 3.66% and a net margin of 2.50%. The company had revenue of $18.42 billion during the quarter.

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E has been the topic of several other research reports. BidaskClub upgraded shares of ENI S.p.A. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of ENI S.p.A. in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of ENI S.p.A. from a “hold” rating to a “sell” rating in a report on Tuesday, July 18th. Citigroup Inc. reiterated a “buy” rating on shares of ENI S.p.A. in a report on Wednesday, August 30th. Finally, Societe Generale reiterated a “buy” rating on shares of ENI S.p.A. in a report on Wednesday, July 26th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. ENI S.p.A. presently has an average rating of “Hold” and a consensus price target of $16.00.

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its position in shares of ENI S.p.A. by 10.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 172,181 shares of the oil and gas exploration company’s stock valued at $5,176,000 after buying an additional 16,275 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of ENI S.p.A. by 16.4% during the 2nd 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. Goldman Sachs Group Inc. lifted its position in shares of ENI S.p.A. by 275.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 311,767 shares of the oil and gas exploration company’s stock valued at $10,204,000 after buying an additional 228,644 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of ENI S.p.A. during the 2nd quarter valued at approximately $415,000. Finally, Bank of New York Mellon Corp lifted its position in shares of ENI S.p.A. by 43.9% during the 1st quarter. Bank of New York Mellon Corp now owns 37,654 shares of the oil and gas exploration company’s stock valued at $1,232,000 after buying an additional 11,480 shares in the last quarter. 1.66% of the stock is currently owned by institutional investors and hedge funds.

The company also recently disclosed a None dividend, which was paid on Friday, October 6th. Stockholders of record on Tuesday, September 19th were paid a dividend of $0.676 per share. The ex-dividend date was Monday, September 18th. This represents a dividend yield of 5.86%. ENI S.p.A.’s payout ratio is 131.00%.

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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