Research Analysts Issue Forecasts for Eni SpA’s Q4 2017 Earnings (E)

Eni SpA (NYSE:E) – Analysts at Jefferies Group issued their Q4 2017 earnings per share estimates for ENI in a research report issued to clients and investors on Friday. Jefferies Group analyst M. Kofler forecasts that the oil and gas exploration company will post earnings of $0.44 per share for the quarter. Jefferies Group also issued estimates for ENI’s FY2019 earnings at $1.51 EPS and FY2020 earnings at $1.75 EPS.

E has been the subject of a number of other reports. Goldman Sachs Group reiterated a “buy” rating on shares of ENI in a report on Monday, October 2nd. upgraded ENI from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded ENI from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, December 28th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. ENI presently has a consensus rating of “Hold” and a consensus price target of $26.50.

Shares of ENI (E) opened at $36.43 on Monday. ENI has a fifty-two week low of $29.44 and a fifty-two week high of $36.69. The stock has a market capitalization of $66,196.70, a PE ratio of 36.43 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.44.

ENI (NYSE:E) last announced its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.07). ENI had a return on equity of 3.69% and a net margin of 2.50%. The business had revenue of $18.42 billion during the quarter.

Hedge funds have recently bought and sold shares of the business. Eqis Capital Management Inc. bought a new position in ENI in the third quarter valued at approximately $223,000. Shelton Capital Management bought a new position in ENI in the second quarter valued at approximately $225,000. Advisor Group Inc. grew its stake in ENI by 31.6% in the second quarter. Advisor Group Inc. now owns 7,625 shares of the oil and gas exploration company’s stock valued at $229,000 after purchasing an additional 1,832 shares in the last quarter. Sei Investments Co. grew its stake in ENI by 39.1% in the third quarter. Sei Investments Co. now owns 7,469 shares of the oil and gas exploration company’s stock valued at $246,000 after purchasing an additional 2,101 shares in the last quarter. Finally, FDx Advisors Inc. acquired a new stake in shares of ENI in the third quarter valued at approximately $249,000. Hedge funds and other institutional investors own 1.64% of the company’s stock.

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ENI 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 (NYSE:E)

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