Jefferies Group Weighs in on ENI S.p.A.’s FY2017 Earnings (NYSE:E)

ENI S.p.A. (NYSE:E) – Investment analysts at Jefferies Group increased their FY2017 EPS estimates for shares of ENI S.p.A. in a research note issued on Monday. Jefferies Group analyst M. Kofler now anticipates that the oil and gas exploration company will post earnings per share of $1.42 for the year, up from their previous forecast of $1.32.

ENI S.p.A. (NYSE:E) last posted its quarterly earnings results on Friday, July 28th. The oil and gas exploration company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.18. The firm had revenue of $17.20 billion during the quarter. ENI S.p.A. had a net margin of 1.14% and a return on equity of 2.20%.

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E has been the topic of several other reports. Morgan Stanley reiterated a “sell” rating on shares of ENI S.p.A. in a research report on Thursday, April 13th. Zacks Investment Research downgraded shares of ENI S.p.A. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. BNP Paribas downgraded shares of ENI S.p.A. from a “neutral” rating to an “underperform” rating in a research report on Sunday, May 28th. Deutsche Bank AG downgraded shares of ENI S.p.A. from a “buy” rating to a “hold” rating in a research report on Tuesday, April 4th. Finally, Exane BNP Paribas downgraded shares of ENI S.p.A. from a “neutral” rating to an “underperform” rating in a research report on Friday, May 26th. Six investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.00.

ENI S.p.A. (NYSE E) opened at 31.58 on Tuesday. The stock has a market capitalization of $56.43 billion, a PE ratio of 164.48 and a beta of 0.76. ENI S.p.A. has a 12-month low of $26.15 and a 12-month high of $34.62. The company’s 50-day moving average is $30.54 and its 200 day moving average is $31.48.

Hedge funds have recently added to or reduced their stakes in the company. Capstone Asset Management Co. increased its stake in ENI S.p.A. by 3.8% in the first quarter. Capstone Asset Management Co. now owns 104,928 shares of the oil and gas exploration company’s stock worth $3,434,000 after buying an additional 3,825 shares during the period. Cornerstone Financial Partners LLC bought a new stake in ENI S.p.A. during the first quarter worth approximately $745,000. Mondrian Investment Partners LTD increased its stake in ENI S.p.A. by 48.4% in the first quarter. Mondrian Investment Partners LTD now owns 1,431,917 shares of the oil and gas exploration company’s stock worth $46,867,000 after buying an additional 466,997 shares during the period. Wetherby Asset Management Inc. increased its stake in ENI S.p.A. by 10.0% in the first quarter. Wetherby Asset Management Inc. now owns 14,241 shares of the oil and gas exploration company’s stock worth $466,000 after buying an additional 1,299 shares during the period. Finally, Wells Fargo & Company MN increased its stake in ENI S.p.A. by 662.5% in the first quarter. Wells Fargo & Company MN now owns 119,848 shares of the oil and gas exploration company’s stock worth $3,923,000 after buying an additional 104,130 shares during the period. Institutional investors own 1.69% of the company’s stock.

About ENI S.p.A.

Eni SpA (Eni) is engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.

Earnings History and Estimates for ENI S.p.A. (NYSE:E)

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