Todays Report: The Eni SpA (E) to Post Q3 2016 Earnings of ($0.09) Per Share, Jefferies Group Forecasts

The Eni SpA (E) to Post Q3 2016 Earnings of ($0.09) Per Share, Jefferies Group Forecasts

Eni SpA (NYSE:E) – Research analysts at Jefferies Group issued their Q3 2016 earnings per share estimates for shares of Eni SpA in a report issued on Tuesday. Jefferies Group analyst M. Kofler forecasts that the firm will post earnings per share of ($0.09) for the quarter.

Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Eni SpA from a “buy” rating to a “hold” rating in a research note on Monday, July 4th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Eni SpA in a research note on Thursday, July 21st. Citigroup Inc. reiterated a “buy” rating on shares of Eni SpA in a research note on Friday, October 7th. Finally, Deutsche Bank AG upgraded shares of Eni SpA from a “hold” rating to a “buy” rating in a research note on Wednesday, October 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $25.99.

Shares of Eni SpA (NYSE:E) opened at 29.41 on Thursday. Eni SpA has a 52-week low of $24.73 and a 52-week high of $35.56. The company’s market cap is $54.65 billion. The stock has a 50 day moving average of $29.43 and a 200 day moving average of $30.52.

The business also recently declared a dividend, which was paid on Friday, October 7th. Shareholders of record on Tuesday, September 20th were issued a $0.648 dividend. The ex-dividend date was Friday, September 16th. This is an increase from Eni SpA’s previous dividend of $0.64. Eni SpA’s dividend payout ratio is -19.75%.

A number of hedge funds have recently modified their holdings of E. MSI Financial Services Inc increased its stake in shares of Eni SpA by 92.3% in the third quarter. MSI Financial Services Inc now owns 3,662 shares of the oil and gas exploration company’s stock worth $106,000 after buying an additional 1,758 shares during the period. JFS Wealth Advisors LLC increased its position in Eni SpA by 10.3% in the second quarter. JFS Wealth Advisors LLC now owns 4,598 shares of the oil and gas exploration company’s stock worth $149,000 after buying an additional 428 shares during the last quarter. US Bancorp DE increased its position in Eni SpA by 1.0% in the second quarter. US Bancorp DE now owns 7,196 shares of the oil and gas exploration company’s stock worth $232,000 after buying an additional 73 shares during the last quarter. Connable Office Inc. acquired a new position in Eni SpA during the second quarter worth approximately $238,000. Finally, Brinker Capital Inc. acquired a new position in Eni SpA during the second quarter worth approximately $245,000. 1.74% of the stock is owned by hedge funds and other institutional investors.

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