Erste Group Bank Brokers Decrease Earnings Estimates for ENI

Eni SpA (NYSE:E) – Analysts at Erste Group Bank reduced their FY2027 earnings estimates for shares of ENI in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will earn $5.55 per share for the year, down from their previous estimate of $5.67. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for ENI’s current full-year earnings is $6.57 per share.

ENI (NYSE:E) last released its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The company had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $27.93 billion. ENI had a return on equity of 11.27% and a net margin of 6.51%.

E has been the topic of several other research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research note on Sunday, September 13th. Wall Street Zen raised ENI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. BNP Paribas Exane cut shares of ENI from an “outperform” rating to a “neutral” rating and set a $56.30 price objective on the stock. in a research note on Wednesday, October 7th. Zacks Research raised shares of ENI from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 9th. Finally, Barclays reaffirmed an “overweight” rating on shares of ENI in a report on Monday, October 5th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $58.45.

ENI Stock Performance

Shares of E stock opened at $57.48 on Wednesday. ENI has a 12-month low of $34.03 and a 12-month high of $58.00. The firm has a market capitalization of $97.02 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 0.22 and a beta of 0.44. The business has a 50 day simple moving average of $54.98 and a 200 day simple moving average of $53.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05.

Institutional Investors Weigh In On ENI

Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in shares of ENI by 1.7% in the 1st quarter. Sei Investments Co. now owns 12,011 shares of the oil and gas exploration company’s stock worth $680,000 after buying an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of ENI by 2.9% in the first quarter. EverSource Wealth Advisors LLC now owns 7,401 shares of the oil and gas exploration company’s stock valued at $419,000 after buying an additional 210 shares during the period. Checchi Capital Advisers LLC boosted its stake in ENI by 2.0% during the first quarter. Checchi Capital Advisers LLC now owns 11,071 shares of the oil and gas exploration company’s stock valued at $627,000 after buying an additional 213 shares in the last quarter. Gallacher Capital Management LLC boosted its stake in ENI by 1.2% during the first quarter. Gallacher Capital Management LLC now owns 21,356 shares of the oil and gas exploration company’s stock valued at $1,209,000 after buying an additional 254 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in ENI by 111.2% during the second quarter. IFP Advisors Inc now owns 659 shares of the oil and gas exploration company’s stock worth $31,000 after acquiring an additional 347 shares during the period. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Tuesday, November 24th will be paid a dividend of $0.6335 per share. This is a boost from ENI’s previous quarterly dividend of $0.6276. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, November 24th. ENI’s dividend payout ratio (DPR) is 42.97%.

ENI Company Profile

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.