Jefferies Financial Group Equities Analysts Reduce Earnings Estimates for Eni SpA (NYSE:E)

Eni SpA (NYSE:E) – Analysts at Jefferies Financial Group reduced their Q3 2019 earnings estimates for shares of ENI in a research report issued to clients and investors on Thursday, October 17th. Jefferies Financial Group analyst J. Gammel now forecasts that the oil and gas exploration company will post earnings of $0.52 per share for the quarter, down from their previous estimate of $0.63. Jefferies Financial Group also issued estimates for ENI’s Q4 2019 earnings at $0.66 EPS, FY2019 earnings at $2.17 EPS, Q1 2020 earnings at $0.83 EPS, Q2 2020 earnings at $0.75 EPS, Q3 2020 earnings at $0.83 EPS, Q4 2020 earnings at $0.85 EPS, FY2020 earnings at $3.25 EPS, FY2021 earnings at $3.40 EPS and FY2022 earnings at $3.68 EPS.

Other equities analysts have also recently issued research reports about the stock. Kepler Capital Markets reissued a “buy” rating on shares of ENI in a research note on Monday, September 16th. Credit Suisse Group cut shares of ENI from an “outperform” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Wednesday, September 4th. ValuEngine raised shares of ENI from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of ENI from a “strong sell” rating to a “hold” rating and set a $27.00 target price on the stock in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. assumed coverage on shares of ENI in a research note on Monday, September 16th. They set an “underweight” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.67.

ENI stock opened at $30.96 on Monday. The stock has a market cap of $55.73 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 4.08 and a beta of 0.74. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $30.56 and its two-hundred day moving average price is $31.74. ENI has a 52 week low of $28.54 and a 52 week high of $36.34.

ENI (NYSE:E) last released its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.29). The company had revenue of $21.16 billion for the quarter. ENI had a net margin of 4.59% and a return on equity of 8.51%.

The company also recently announced a — dividend, which was paid on Thursday, October 10th. Shareholders of record on Tuesday, September 24th were issued a $0.9545 dividend. This represents a dividend yield of 4.6%. The ex-dividend date was Monday, September 23rd. ENI’s payout ratio is 45.00%.

Several institutional investors and hedge funds have recently made changes to their positions in E. Gradient Investments LLC boosted its holdings in shares of ENI by 60.3% in the second quarter. Gradient Investments LLC now owns 54,339 shares of the oil and gas exploration company’s stock worth $1,795,000 after buying an additional 20,432 shares during the period. We Are One Seven LLC boosted its holdings in shares of ENI by 4.2% during the second quarter. We Are One Seven LLC now owns 7,764 shares of the oil and gas exploration company’s stock worth $256,000 after purchasing an additional 315 shares during the period. Regentatlantic Capital LLC boosted its holdings in shares of ENI by 186.0% during the second quarter. Regentatlantic Capital LLC now owns 33,638 shares of the oil and gas exploration company’s stock worth $1,111,000 after purchasing an additional 21,876 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of ENI by 5.6% during the second quarter. Quadrant Capital Group LLC now owns 12,052 shares of the oil and gas exploration company’s stock worth $387,000 after purchasing an additional 642 shares during the period. Finally, Lindbrook Capital LLC boosted its holdings in shares of ENI by 40.9% during the second quarter. Lindbrook Capital LLC now owns 2,901 shares of the oil and gas exploration company’s stock worth $95,000 after purchasing an additional 842 shares during the period. Institutional investors own 1.60% of the company’s stock.

About ENI

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.

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Earnings History and Estimates for ENI (NYSE:E)

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