Erste Group Bank Comments on ENI's FY2026 Earnings (NYSE:E)

Key Points

• Erste Group Bank raised its FY2026 EPS estimate for ENI to $6.36 from $6.18, while maintaining a “Hold” rating. The new forecast is slightly below the $6.41 consensus estimate.
• ENI reported quarterly EPS of $1.76, beating expectations of $1.66, though revenue of $25.87 billion fell short of the $27.93 billion consensus.
• ENI increased its quarterly dividend to $0.6335 from $0.6276, implying an annualized payout of $2.53 and a 4.5% yield. Analysts collectively rate the stock “Moderate Buy,” with a consensus price target of $58.45.

Eni SpA (NYSE:E - Free Report) - Equities researchers at Erste Group Bank increased their FY2026 earnings estimates for shares of ENI in a report issued on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the oil and gas exploration company will post earnings of $6.36 per share for the year, up from their previous forecast of $6.18. Erste Group Bank has a "Hold" rating on the stock. The consensus estimate for ENI's current full-year earnings is $6.41 per share.

A number of other brokerages have also commented on E. Jefferies Financial Group reissued a "buy" rating on shares of ENI in a research note on Sunday, September 13th. Grupo Santander upgraded ENI to an "outperform" rating in a report on Wednesday, July 8th. Berenberg Bank lifted their price objective on ENI from $51.00 to $59.50 and gave the stock a "hold" rating in a research note on Thursday, August 20th. Barclays reaffirmed an "overweight" rating on shares of ENI in a research note on Monday, October 5th. Finally, Weiss Ratings raised ENI from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, ENI currently has an average rating of "Moderate Buy" and a consensus price target of $58.45.

ENI Trading Up 1.3%

Shares of E stock opened at $56.73 on Tuesday. ENI has a 12-month low of $34.03 and a 12-month high of $58.00. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average price is $54.90 and its 200-day moving average price is $53.44. The stock has a market capitalization of $95.77 billion, a price-to-earnings ratio of 14.51, a price-to-earnings-growth ratio of 0.22 and a beta of 0.44.

ENI (NYSE:E - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.66 by $0.10. The business had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $27.93 billion. ENI had a net margin of 6.51% and a return on equity of 11.27%.

ENI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Tuesday, November 24th will be paid a $0.6335 dividend. This is an increase from ENI's previous quarterly dividend of $0.6276. This represents a $2.53 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, November 24th. ENI's payout ratio is currently 42.97%.

Institutional Investors Weigh In On ENI

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in ENI by 9.7% during the 3rd quarter. GAMMA Investing LLC now owns 10,495 shares of the oil and gas exploration company's stock valued at $570,000 after purchasing an additional 932 shares during the last quarter. CoreCap Advisors LLC lifted its stake in ENI by 8,235.3% in the third quarter. CoreCap Advisors LLC now owns 1,417 shares of the oil and gas exploration company's stock worth $77,000 after purchasing an additional 1,400 shares during the last quarter. Plan A Wealth LLC lifted its stake in ENI by 33.1% in the third quarter. Plan A Wealth LLC now owns 5,992 shares of the oil and gas exploration company's stock worth $325,000 after purchasing an additional 1,491 shares during the last quarter. QRG Capital Management Inc. lifted its stake in ENI by 8.4% in the second quarter. QRG Capital Management Inc. now owns 144,171 shares of the oil and gas exploration company's stock worth $6,756,000 after purchasing an additional 11,136 shares during the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in shares of ENI by 83.9% during the second quarter. Integrated Wealth Concepts LLC now owns 8,321 shares of the oil and gas exploration company's stock valued at $390,000 after buying an additional 3,797 shares during the period. Institutional investors own 1.18% of the company's stock.

About ENI

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.