ENI (E) Projected to Post Quarterly Earnings on Wednesday

ENI (NYSE:E) will likely be announcing its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.96 per share and revenue of $25.52 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

ENI Trading Up 1.0 %

Shares of E stock opened at $27.76 on Monday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $46.85 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.86 and a beta of 0.73. ENI has a 12-month low of $24.65 and a 12-month high of $33.30. The stock’s 50-day moving average price is $29.08 and its 200-day moving average price is $28.95.

ENI Increases Dividend

The company also recently announced a — dividend, which will be paid on Monday, June 9th. Stockholders of record on Tuesday, May 20th will be given a dividend of $0.5391 per share. This is an increase from ENI’s previous — dividend of $0.35. This represents a dividend yield of 5.5%. The ex-dividend date is Tuesday, May 20th. ENI’s dividend payout ratio is currently 87.72%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on E. UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Six 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 currently has a consensus rating of “Hold” and an average price target 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.