ENI (E) Set to Announce Quarterly Earnings on Wednesday

ENI (NYSE:E) is set to issue its quarterly earnings data before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.14 per share for the quarter.

ENI (NYSE:E) last announced its quarterly earnings results on Wednesday, February 21st. The oil and gas exploration company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.16). The firm had revenue of $26.95 billion for the quarter, compared to analysts’ expectations of $19.86 billion. ENI had a return on equity of 14.91% and a net margin of 5.00%. On average, analysts expect ENI to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ENI Price Performance

Shares of NYSE:E opened at $32.39 on Wednesday. The business’s 50 day simple moving average is $31.68 and its 200-day simple moving average is $32.20. The firm has a market capitalization of $54.67 billion, a price-to-earnings ratio of 10.73 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 1.12. ENI has a 12 month low of $26.50 and a 12 month high of $34.30.

ENI Increases Dividend

The company also recently declared a — dividend, which was paid on Monday, April 8th. Stockholders of record on Tuesday, March 19th were paid a dividend of $0.5186 per share. This is a positive change from ENI’s previous — dividend of $0.49. The ex-dividend date was Monday, March 18th. This represents a dividend yield of 4.4%. ENI’s payout ratio is 48.01%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on E shares. Berenberg Bank lowered ENI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a research note on Friday, April 12th.

Institutional Trading of ENI

Large investors have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC acquired a new stake in ENI in the 4th quarter valued at $38,000. Captrust Financial Advisors increased its holdings in ENI by 114.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,114 shares of the oil and gas exploration company’s stock valued at $50,000 after purchasing an additional 1,129 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in ENI by 1,303.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,148 shares of the oil and gas exploration company’s stock valued at $60,000 after purchasing an additional 1,995 shares in the last quarter. Belpointe Asset Management LLC boosted its position in ENI by 28.4% in the 1st quarter. Belpointe Asset Management LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $68,000 after buying an additional 540 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in ENI by 3,614.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 2,897 shares of the oil and gas exploration company’s stock valued at $85,000 after buying an additional 2,819 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.