Erste Group Bank Issues Optimistic Estimate for ENI Earnings

by · The Cerbat Gem

Eni SpA (NYSE:E – Free Report) – Investment analysts at Erste Group Bank boosted their FY2026 earnings per share estimates for shares of ENI in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now forecasts that the oil and gas exploration company will earn $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.

ENI (NYSE:E – Get Free Report) last released its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. ENI had a return on equity of 11.27% and a net margin of 6.51%. The business had revenue of $25.87 billion for the quarter, compared to analyst estimates of $27.93 billion.

A number of other research firms have also recently commented on E. JPMorgan Chase & Co. restated a “buy” rating on shares of ENI in a report on Tuesday, September 8th. Royal Bank Of Canada reiterated a “neutral” rating on shares of ENI in a report on Thursday, September 24th. Berenberg Bank boosted their price objective on shares of ENI from $51.00 to $59.50 and gave the company a “hold” rating in a research report on Thursday, August 20th. Wall Street Zen raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, HSBC restated a “hold” rating on shares of ENI in a research note on Friday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.45.

View Our Latest Analysis on E

ENI Stock Up 1.3%

NYSE:E opened at $56.73 on Tuesday. The company has a market cap 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 has a twelve month low of $34.03 and a twelve 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 has a fifty day simple moving average of $54.90 and a 200-day simple moving average of $53.44.

ENI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Tuesday, November 24th will be given a $0.6335 dividend. 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. This is a boost from ENI’s previous quarterly dividend of $0.6276. ENI’s dividend payout ratio is currently 42.97%.

Hedge Funds Weigh In On ENI

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership bought a new position in ENI in the first quarter worth approximately $63,334,000. Quantinno Capital Management LP boosted its position in ENI by 13.2% during the 1st quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock valued at $25,698,000 after acquiring an additional 52,901 shares in the last quarter. QRG Capital Management Inc. boosted its position in ENI by 35.3% during the 1st quarter. QRG Capital Management Inc. now owns 133,035 shares of the oil and gas exploration company’s stock valued at $7,531,000 after acquiring an additional 34,738 shares in the last quarter. Optiver Holding B.V. purchased a new position in shares of ENI in the 1st quarter valued at $6,586,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of ENI by 5.6% in the 1st quarter. Bank of New York Mellon Corp now owns 65,344 shares of the oil and gas exploration company’s stock valued at $3,699,000 after acquiring an additional 3,438 shares during the period. 1.18% of the stock is currently owned by institutional investors.

About ENI

(Get Free Report)

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.

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