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

ENI Stock Down 1.4 %

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

ENI Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC bought a new position in shares of ENI in the 4th quarter valued at about $38,000. Captrust Financial Advisors grew its position in shares of 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 acquiring an additional 1,129 shares during the period. Tower Research Capital LLC TRC grew its position in shares of 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 acquiring an additional 1,995 shares during the period. Belpointe Asset Management LLC grew its position in shares of 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 acquiring an additional 540 shares during the period. Finally, Brown Brothers Harriman & Co. grew its position in shares of 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 acquiring an additional 2,819 shares during the period. Institutional investors own 1.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on E. Berenberg Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, April 12th.

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.