ENI (NYSE:E) Issues Earnings Results

ENI (NYSE:E) released its quarterly earnings data on Thursday. The oil and gas exploration company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.38), Zacks reports. ENI had a net margin of 2.76% and a return on equity of 11.03%.

ENI Price Performance

Shares of NYSE E traded down $0.57 during mid-day trading on Thursday, hitting $29.35. 313,817 shares of the company’s stock traded hands, compared to its average volume of 262,620. ENI has a 1 year low of $26.12 and a 1 year high of $33.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The company’s 50-day moving average is $28.25 and its two-hundred day moving average is $29.66. The company has a market capitalization of $49.53 billion, a P/E ratio of 17.57, a PEG ratio of 1.86 and a beta of 0.92.

Analyst Ratings Changes

A number of analysts have issued reports on E shares. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $31.60 target price (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. Finally, UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, ENI has a consensus rating of “Hold” and a consensus target price of $31.60.

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.