Eni SpA (NYSE:E) is expected to report earnings of $1.30 per share

Stock analysts predict Eni SpA (NYSE:E) will report earnings per share of $1.30 for the current quarter, according to Zacks. Zero analysts released ENI earnings estimates. ENI reported earnings of $0.05 per share in the same quarter last year, suggesting a positive growth rate of 2,500% year-over-year. The company is expected to release its next results on Friday, February 18.

On average, analysts expect ENI to report annual earnings of $2.97 per share for the current fiscal year, with EPS estimates ranging from $2.84 to $3.11. For the next fiscal year, analysts expect the company to report earnings of $4.12 per share, with EPS estimates ranging from $3.42 to $4.92. Zacks’ EPS calculations are an average average based on a survey of research companies that cover ENI.

Several research analysts have recently published reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on ENI shares in a Tuesday, November 2 research note. Barclays upgraded ENI from an “underweight” to an “overweight” rating in a research report on Friday 19 November. JPMorgan Chase & Co. raised its price target on ENI from €18.00 ($20.69) to €19.00 ($21.84) in a Friday, January 14 research report. Berenberg Bank upgraded ENI from a “hold” rating to a “buy” rating in a research report on Wednesday, December 1. Finally, the Royal Bank of Canada upgraded ENI from an “sector performance” rating to an “outperform” rating in a research report on Thursday, October 14. Seven equity research analysts gave the stock a hold rating and thirteen gave the company a buy rating. Based on data from MarketBeat.com, ENI currently has a consensus rating of “Buy” and a consensus target price of $40.60.

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Several institutional investors and hedge funds have recently changed their positions in E. OLD Mission Capital LLC acquired a new position in ENI shares in Q3 valued at approximately $1,438,000. BlackRock Inc. increased its stake in ENI shares by 5.4% in the second quarter. BlackRock Inc. now owns 578,025 shares of the oil and gas exploration company valued at $14,098,000 after acquiring 29,554 additional shares in the last quarter. Bank of New York Mellon Corp increased its stake in ENI shares by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 21,174 shares of the oil and gas exploration company valued at $517,000 after acquiring 456 additional shares in the last quarter. Bank of Montreal Can increased its stake in ENI shares by 374.9% in Q2. Bank of Montreal Can now owns 37,538 shares of the oil and gas exploration company valued at $943,000 after acquiring 29,633 additional shares in the last quarter. Finally, FMR LLC increased its stake in ENI shares by 26.5% in the 2nd quarter. FMR LLC now owns 206,110 shares of the oil and gas exploration company valued at $5,027,000 after acquiring 43,214 additional shares in the last quarter. 1.12% of the shares are currently held by institutional investors.

Shares of E traded at $0.66 during Friday’s midday session, hitting $30.80. 702,007 shares of the company were traded, against an average volume of 488,607. The stock has a market capitalization of $55.53 billion, a PE ratio of 30.20, a growth price/earnings ratio of 0 .75 and a beta of 0.95. The company has a debt ratio of 0.53, a current ratio of 1.23 and a quick ratio of 1.10. ENI has a 52-week low of $20.56 and a 52-week high of $31.08. The company’s 50-day simple moving average is $28.97 and its 200-day simple moving average is $27.26.

ENI company profile

Eni SpA is active in the exploration, production, refining and sale of oil, gas, electricity and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining and Marketing and Chemicals, Eni gas e luce, Power and Renewables, and Corporate and Other.

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Earnings history and estimates for ENI (NYSE:E)

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