ENI (NYSE:E) Issues Earnings Results, Misses Expectations By $0.38 EPS

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

ENI Stock Performance

Shares of NYSE E traded down $0.57 during midday trading on Thursday, reaching $29.35. 313,817 shares of the stock were exchanged, compared to its average volume of 262,620. 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 firm has a market cap of $49.53 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.86 and a beta of 0.92. The firm has a 50-day simple moving average of $28.25 and a two-hundred day simple moving average of $29.66. ENI has a twelve month low of $26.12 and a twelve month high of $33.78.

Wall Street Analyst Weigh In

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