ENI (E) Set to Announce Quarterly Earnings on Wednesday

ENI (NYSE:E - Get Free Report) will be issuing 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 - Get Free Report) last released 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). The company had revenue of $26.95 billion for the quarter, compared to the consensus estimate of $19.86 billion. ENI had a net margin of 5.00% and a return on equity of 14.91%. On average, analysts expect ENI to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

ENI Price Performance

Shares of ENI stock traded up $0.04 on Wednesday, hitting $32.48. 210,261 shares of the company traded hands, compared to its average volume of 261,924. The stock has a market capitalization of $54.83 billion, a P/E ratio of 10.73 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.12 and a current ratio of 1.30. ENI has a 52 week low of $26.50 and a 52 week high of $34.30. The business has a 50-day simple moving average of $31.68 and a 200 day simple moving average of $32.20.

ENI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Tuesday, May 21st will be issued a $0.349 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Monday, May 20th. ENI's dividend payout ratio (DPR) is presently 47.68%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of E. Atlas Capital Advisors LLC purchased a new position in ENI during the fourth quarter worth $38,000. Captrust Financial Advisors lifted its position in shares of ENI by 114.6% during the second quarter. Captrust Financial Advisors now owns 2,114 shares of the oil and gas exploration company's stock worth $50,000 after purchasing an additional 1,129 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of ENI by 1,303.9% during the first quarter. Tower Research Capital LLC TRC now owns 2,148 shares of the oil and gas exploration company's stock worth $60,000 after purchasing an additional 1,995 shares during the last quarter. Belpointe Asset Management LLC lifted its position in shares of ENI by 28.4% during the first quarter. Belpointe Asset Management LLC now owns 2,442 shares of the oil and gas exploration company's stock worth $68,000 after purchasing an additional 540 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of ENI by 3,614.1% during the first quarter. Brown Brothers Harriman & Co. now owns 2,897 shares of the oil and gas exploration company's stock worth $85,000 after purchasing an additional 2,819 shares during the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

E has been the subject of a number of recent research reports. StockNews.com raised shares of ENI from a "hold" rating to a "buy" rating in a report on Friday, April 12th. Berenberg Bank lowered shares of ENI from a "buy" rating to a "hold" rating in a report on Wednesday, March 20th.

ENI Company Profile

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.