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

ENI (NYSE:E) announced 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 net margin of 2.76% and a return on equity of 11.03%.

ENI Stock Down 1.8 %

E stock traded down $0.55 during trading on Thursday, reaching $29.37. 251,096 shares of the company traded hands, compared to its average volume of 261,788. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The company has a market capitalization of $49.57 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.86 and a beta of 0.92. The business has a 50 day simple moving average of $28.25 and a 200 day simple moving average of $29.66. ENI has a 12 month low of $26.12 and a 12 month high of $33.78.

Analyst Upgrades and Downgrades

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