ENI (NYSE:E) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Key Points

• ENI reported a quarterly earnings per share (EPS) of $0.79, beating expectations by $0.12 against a consensus estimate of $0.67.
• The company's revenue for the quarter was $22.08 billion, falling short of analysts' expectations of $23.54 billion.
• Multiple analysts have downgraded ENI's stock rating, with the current consensus rating being "Hold" and a target price of $31.60.

ENI (NYSE:E - Get Free Report) announced its quarterly earnings data on Friday. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.12, Zacks reports. The business had revenue of $22.08 billion for the quarter, compared to analysts' expectations of $23.54 billion. ENI had a return on equity of 9.16% and a net margin of 2.85%.

ENI Stock Up 2.0%

E stock opened at $34.66 on Friday. The stock has a market capitalization of $58.51 billion, a P/E ratio of 21.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.16. ENI has a one year low of $24.65 and a one year high of $34.74. The company has a 50 day moving average price of $31.80 and a two-hundred day moving average price of $29.91.

Analyst Upgrades and Downgrades

Several research firms recently commented on E. Kepler Capital Markets lowered ENI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Redburn Atlantic lowered ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Finally, Citigroup reissued a "neutral" rating on shares of ENI in a report on Friday, July 11th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $31.60.

Institutional Trading of ENI

An institutional investor recently raised its position in ENI stock. AQR Capital Management LLC grew its stake in shares of Eni SpA (NYSE:E - Free Report) by 3.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,260 shares of the oil and gas exploration company's stock after buying an additional 495 shares during the period. AQR Capital Management LLC's holdings in ENI were worth $472,000 as of its most recent SEC filing. Institutional investors own 1.18% of the company's stock.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.

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