ENI (E) Expected to Announce Quarterly Earnings on Wednesday

ENI (NYSE:E - Get Free Report) is projected to announce its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.96 per share and revenue of $25.52 billion for the quarter. Investors interested in listening to the company's conference call can do so using this link.

ENI Trading Up 1.0 %

E stock traded up $0.28 during midday trading on Friday, hitting $27.76. The company had a trading volume of 422,811 shares, compared to its average volume of 313,853. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. ENI has a 52 week low of $24.65 and a 52 week high of $33.30. The stock has a market cap of $46.85 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.86 and a beta of 0.73. The stock's 50 day moving average price is $29.08 and its 200 day moving average price is $28.98.

ENI Increases Dividend

The company also recently announced a -- dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 20th will be issued a dividend of $0.5391 per share. This is a positive change from ENI's previous -- dividend of $0.35. This represents a dividend yield of 5.5%. The ex-dividend date of this dividend is Tuesday, May 20th. ENI's dividend payout ratio is currently 87.72%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. StockNews.com lowered ENI from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Finally, UBS Group downgraded shares of ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, ENI presently has an average rating of "Hold" and an average target price of $31.60.

About ENI

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.