Eni S.p.A. (E) Announces Quarterly Earnings Results

Eni S.p.A. (NYSE:E) issued its quarterly earnings data on Friday, October 27th. The oil and gas exploration company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.07), Morningstar.com reports. The company had revenue of $18.42 billion for the quarter. Eni S.p.A. had a return on equity of 2.89% and a net margin of 2.20%.

Shares of Eni S.p.A. (NYSE E) traded down $0.19 during midday trading on Friday, hitting $33.69. The stock had a trading volume of 123,000 shares, compared to its average volume of 218,477. Eni S.p.A. has a twelve month low of $26.15 and a twelve month high of $34.62. The stock has a market capitalization of $61,217.86, a P/E ratio of 29.81 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 1.27.

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E has been the subject of a number of recent research reports. Societe Generale restated a “buy” rating on shares of Eni S.p.A. in a research note on Wednesday, July 26th. HSBC Holdings plc upgraded Eni S.p.A. from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Eni S.p.A. in a research report on Monday, October 2nd. Citigroup Inc. reiterated a “buy” rating on shares of Eni S.p.A. in a research report on Wednesday, August 30th. Finally, Zacks Investment Research lowered Eni S.p.A. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. Eni S.p.A. has a consensus rating of “Hold” and a consensus price target of $16.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. South State Corp purchased a new stake in shares of Eni S.p.A. during the third quarter valued at $832,000. Pacer Advisors Inc. raised its position in Eni S.p.A. by 41.2% during the third quarter. Pacer Advisors Inc. now owns 15,028 shares of the oil and gas exploration company’s stock valued at $497,000 after buying an additional 4,385 shares during the period. Advisors Asset Management Inc. raised its position in Eni S.p.A. by 34.1% during the third quarter. Advisors Asset Management Inc. now owns 87,546 shares of the oil and gas exploration company’s stock valued at $2,895,000 after buying an additional 22,276 shares during the period. Bank of New York Mellon Corp raised its position in Eni S.p.A. by 12.6% during the third quarter. Bank of New York Mellon Corp now owns 32,435 shares of the oil and gas exploration company’s stock valued at $1,073,000 after buying an additional 3,638 shares during the period. Finally, Advisor Group Inc. raised its position in Eni S.p.A. by 41.4% during the third quarter. Advisor Group Inc. now owns 10,785 shares of the oil and gas exploration company’s stock valued at $356,000 after buying an additional 3,160 shares during the period. 1.67% of the stock is owned by institutional investors and hedge funds.

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 for Eni S.p.A. (NYSE:E)

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