ENI (NYSE:E) Announces Quarterly Earnings Results

ENI (NYSE:E - Get Free Report) released its earnings results on Thursday. The oil and gas exploration company reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.38), Zacks reports. The business had revenue of $24.68 billion during the quarter, compared to the consensus estimate of $20.82 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%.

ENI Stock Performance

Shares of NYSE E traded down $0.38 during mid-day trading on Monday, reaching $28.59. 440,811 shares of the company were exchanged, compared to its average volume of 274,378. The company's 50-day simple moving average is $28.41 and its 200-day simple moving average is $29.59. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $48.26 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.86 and a beta of 0.92. ENI has a twelve month low of $26.12 and a twelve month high of $33.78.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on E. Morgan Stanley reiterated 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. UBS Group cut shares of ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 8th. Finally, StockNews.com cut shares of ENI from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $31.60.

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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.