Erste Group Bank Issues Optimistic Estimate for ENI Earnings

Eni SpA (NYSE:E) – Equities research analysts at Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for ENI in a research note issued on Thursday, April 2nd. Erste Group Bank analyst H. Engel now expects that the oil and gas exploration company will earn $4.32 per share for the year, up from their previous estimate of $4.29. Erste Group Bank currently has a “Strong-Buy” rating on the stock. The consensus estimate for ENI’s current full-year earnings is $3.74 per share. Erste Group Bank also issued estimates for ENI’s FY2027 earnings at $4.80 EPS.

A number of other analysts have also issued reports on the stock. Zacks Research raised shares of ENI from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. JPMorgan Chase & Co. raised shares of ENI from an “underweight” rating to an “overweight” rating in a research report on Monday, March 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Barclays reaffirmed an “overweight” rating on shares of ENI in a research report on Friday, December 12th. Finally, Wall Street Zen lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.60.

ENI Stock Down 3.9%

Shares of E opened at $55.32 on Wednesday. The firm has a market capitalization of $93.39 billion, a P/E ratio of 32.54, a P/E/G ratio of 0.28 and a beta of 0.44. ENI has a 12-month low of $24.65 and a 12-month high of $58.00. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $48.41 and a 200-day moving average price of $41.02.

ENI (NYSE:E) last issued its quarterly earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 earnings per share for the quarter. The firm had revenue of $24.64 billion for the quarter. ENI had a return on equity of 9.27% and a net margin of 3.07%.

ENI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.6137 per share. This is an increase from ENI’s previous quarterly dividend of $0.58. This represents a $2.45 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, March 24th. ENI’s dividend payout ratio (DPR) is currently 97.65%.

Institutional Trading of ENI

A number of hedge funds have recently bought and sold shares of the stock. MGO One Seven LLC lifted its holdings in ENI by 2.3% during the fourth quarter. MGO One Seven LLC now owns 11,882 shares of the oil and gas exploration company’s stock worth $451,000 after buying an additional 263 shares during the period. Bessemer Group Inc. grew its stake in ENI by 5.1% in the third quarter. Bessemer Group Inc. now owns 5,904 shares of the oil and gas exploration company’s stock valued at $206,000 after purchasing an additional 284 shares during the last quarter. DAVENPORT & Co LLC grew its stake in ENI by 2.8% in the third quarter. DAVENPORT & Co LLC now owns 10,667 shares of the oil and gas exploration company’s stock valued at $373,000 after purchasing an additional 294 shares during the last quarter. CWM LLC grew its stake in ENI by 5.7% in the fourth quarter. CWM LLC now owns 6,256 shares of the oil and gas exploration company’s stock valued at $237,000 after purchasing an additional 340 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in ENI by 5.0% in the third quarter. United Capital Financial Advisors LLC now owns 7,245 shares of the oil and gas exploration company’s stock valued at $253,000 after purchasing an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.