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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Edin. New It | ENI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 62.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 62.00 | 62.00 |
| Top Posts |
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Posted at 10/11/2023 00:02 by pj84 This super-cheap oil stock is the toast of the world’s top ‘value’ investorsWhen a stock suddenly becomes more popular with the best-performing fund managers in the world, it’s worth a closer look. This is what has happened to Eni, the Italian oil and gas giant, which has surged to a top AAA rating from Citywire Elite Companies, which rates stocks on the basis of their backing by the world’s top professional investors. Seven of these fund managers – each among the top-performing 3pc of the 10,000 equity fund managers tracked by the financial publisher Citywire – own shares in Eni, which has climbed from the lowest + rating to AAA status in the past month. What unites these investors, apart from their strong performance, is their style of “value” investing. Examine Eni in more detail and it’s clear why its shares are particularly appealing to them. Even in an oil and gas sector where low valuations are the norm, Eni stands out for the cheapness of its shares. Compared with eight of its largest oil and gas rivals, Eni’s shares trade on the lowest price-to-earnings ratio of 6.6 times expected profits over the next 12 months. Its forecast dividend yield of 6.2pc, based on the expected dividend and the current share price, is meanwhile the highest. By historic standards too, the shares’ valuation looks low. Valued according to forecast earnings, sales and free cash flows, the shares are trading towards the bottom of their 10-year range. But unlike many shares on rock-bottom valuations, Eni has been a very good investment over recent years. It is not a “falling knife”. In sterling terms, since hitting a lockdown low almost exactly three years ago, the shares have clocked up a 200pc total return. Better-than-expected third-quarter results at the end of last month are cause for further optimism, even as rivals such as BP have disappointed. Industry trends also look supportive. The American oil and gas “supermajors&r Eni’s acquisition record is less extravagant; the Italian government’s 30pc stake is a limiting factor. But a $4.9bn deal announced in June to buy Neptune Energy looks strategically sound. The takeover, which should complete early next year, will help Eni achieve a target of producing 60pc of output from gas by 2030. As gas produces fewer carbon emissions than oil, the European Commission has designated it a transition fuel, which will help underpin long-term demand. Increasing gas production will also mean that Eni’s liquified natural gas (LNG) business becomes less reliant on third-party supplies, the risk of which has been brought home by Russia’s invasion of Ukraine. Another opportunity for investors lies in potential divestments and in particular the mooted flotation of its green energy arm, Plenitude. Original plans for a listing were delayed last year as investors turned from hot to cold on renewable energy companies. Now Eni is considering selling a stake in the division before potentially floating it next year. If successful, this could prove particularly beneficial for shareholders. That’s because one explanation for Eni’s low valuation is investors’ preference for oil companies that stick to their fossil-fuel roots and hand back excess cash to shareholders via dividends and share buybacks rather than spending it on expensive renewable energy projects. Eni’s valuation of Plenitude suggests the bar is set low for the flotation to deliver value for shareholders. Outside investors could put a higher price on the business, which is working towards ambitious targets. Eni aims to increase renewable energy production from 2.2 gigawatts last year to 15 gigawatts by 2030 and 60 by 2050 and treble Plenitude’s earnings on the “Ebitda” (earnings before interest, tax, depreciation and amortisation) measure by €1.8bn by 2026. While Eni is increasing spending, raising a four-year investment plan from €28bn to €37bn this year, those commitments are unlikely to threaten returns to shareholders. Net debt remains comfortably inside the target range of 10pc to 20pc of net assets, while Eni is committed to annual dividend increases and will continue to buy back shares with spare cash. Buybacks reduced the share count by 6pc in the 12 months to the end of September. These cash returns should help support the shares, while Eni’s low valuation should mean it won’t take much to send them higher. |
Posted at 28/7/2023 07:33 by grupo guitarlumber Eni 2Q Profit Plunged Amid Lower Oil, Natural Gas PricesToday at 02:27 am Eni 2Q Profit Plunged Amid Lower Oil, Natural Gas Prices By Mauro Orru Eni posted a much lower profit for the second quarter, as the group reeled from the effects of declining benchmark crude oil and natural gas prices. The Italian oil-and-gas major on Friday said that quarterly net profit plunged to 294 million euros ($322.8 million) from EUR3.82 billion in last year's second quarter. On an adjusted basis, net profit declined 49% to EUR1.94 billion. Adjusted operating profit--one of Eni's most closely watched metrics by analysts and investors--fell 42% to EUR3.38 billion. Sales decreased 38% to EUR19.59 billion. Hydrocarbon production rose 2% on year to 1.61 million barrels of oil equivalent a day. For the current quarter, the group is forecasting hydrocarbon production of about 1.63 million barrels of oil equivalent a day. For the year, hydrocarbon production is still expected between 1.63 million and 1.67 million barrels of oil equivalent a day. However, capital expenditure should now be under EUR9 billion, below previous guidance of around EUR9.2 billion. The group is still targeting an adjusted operating profit of EUR12 billion. Cash flow from operations before working capital should be between EUR15.5 billion and EUR16 billion. Eni had previously expected cash flow of more than EUR16 billion. Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94 (END) Dow Jones Newswires 07-28-23 0226ET |
Posted at 28/4/2023 11:07 by florenceorbis RIGZONEEni Beats Profit Forecasts But Lowers Outlook on Weaker Gas Prices by Bloomberg | Alberto Brambilla | Friday, April 28, 2023 Eni SpA posted a first-quarter profit that beat estimates on strong gas trading, but trimmed its full-year earnings guidance due to lower prices for the fuel. The Italian oil and gas giant said it expects 2023 adjusted operating profit to be €12 billion ($13.2 billion), down from previous guidance of €13 billion. Cash flow from operations was trimmed by roughly the same amount to €16 billion. Eni is among the first oil majors to report earnings in a season that’s expected to deliver sizable cash flows even as profit falls from last year’s record levels. So far, companies have been using the profit bonanza to reward investors and pay down debt and there’s little sign of that changing, despite speculation about whether there’ll be a pivot to faster growth through big deals. The company reaffirmed the previously announced increase in its dividend to €0.94 a share and plans for €2.2 billion of share buybacks, pending shareholder authorization at a May 10 meeting. Its shares were little changed at 13.41 euros as of 10:08 a.m. in Milan. “Eni has delivered an excellent set of operating and financial results despite a weakening scenario,” Chief Executive Officer Claudio Descalzi said in a statement on Friday. “We remain financially disciplined as a necessity to meet the challenges of the energy market and deliver value for our shareholders.” First-quarter adjusted net income was €2.91 billion, according to the statement, beating the average analyst estimate of €2.3 billion. Its gas business reported an adjusted operating profit of €1.37 billion, 47% higher than a year earlier and well above estimates, thanks to “optimization and trading activities,” according to the statement. The exploration and production division’s adjusted operating profit of €2.79 billion also beat estimates. “Eni continues to benefit from strong trading opportunities in the European gas market,” according to a note from Morgan Stanley. “Following several quarters of misses, upstream oil and gas production was strong this quarter.” The adjustment to Eni’s full-year earnings guidance primarily reflects lower gas prices as the energy crisis in Europe caused by Russia’s invasion of Ukraine eases. The revised outlook is modeled on a gas price of €529 per thousand cubic meters, down from €970 previously. It’s estimate for Brent crude was unchanged at $85 a barrel. The guidance is “nothing to be concerned about” said Banco Santander SA analyst Jason Kenney. Its is ahead of previous implied price-sensitivity guidance and so can be seen as “positive,R --With assistance from Chiara Remondini. |
Posted at 28/4/2023 07:51 by florenceorbis Eni Trims Its 2023 Profit Outlook on Lower Energy PricesAlberto Brambilla, Bloomberg News (Bloomberg) -- Eni SpA posted a first-quarter profit that beat estimates but trimmed its full-year earnings guidance due to lower commodity prices. The Italian oil and gas giant said it expects 2023 adjusted operating profit to be €12 billion ($13.2 billion), down from previous guidance of €13 billion. The figure was revised due to lower gas and oil prices than previously estimated. Cash flow from operations was trimmed by roughly the same amount to €16 billion. Eni is among the first oil majors to report earnings in a season that’s expected to deliver sizable cash flows even as profit falls from last year’s record levels. So far, companies have been using the profit bonanza to reward investors and pay down debt and there’s little sign of that changing, despite speculation about whether there’ll be a pivot to faster growth through big deals. “We remain financially disciplined as a necessity to meet the challenges of the energy market and deliver value for our shareholders,” Chief Executive Officer Claudio Descalzi said in a statement on Friday. Eni’s first-quarter adjusted net income was €2.91 billion, according to the statement, beating the average analyst estimate of €2.3 billion. Descalzi was appointed for a fourth consecutive term as CEO earlier this month despite a shakeup of state-controlled companies by Italian Prime Minister Giorgia Meloni’s government. |
Posted at 24/4/2023 05:00 by grupo guitarlumber $1.1bn Deal: Elumelu's Firm Buys Shell, Total, ENI Stakes In Oil BlockJanuary 16, 2021 Sahara Reporters, New York News The company said it was committed to transferring OML 17 in an orderly and responsible manner to the new owner, which would help provide a sustainable long-term plan Three international oil companies operating in Nigeria have sold their combined 45 per cent interest in Oil Mining Lease 17 and related assets in the Eastern Niger Delta to TNOG Oil and Gas Limited, an integrated energy company founded by Mr Tony Elumelu. Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and Nigerian Agip Oil Company Limited assigned their interests of 30 per cent, 10 per cent, and five per cent respectively in the lease to TNOG Oil and Gas. SPDC announced in a statement on Friday the completion of the sale of its 30 per cent interest in OML 17 and associated infrastructure to TNOG Oil and Gas for a consideration of $533m. The oil major said the completion followed the receipt of all approvals from the relevant authorities of the Federal Government of Nigeria. TNOG Oil and Gas is a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc, both of which have Elumelu as their chairman. "A total of $453m was paid at completion with the balance to be paid over an agreed period. SPDC will retain its interest in the Port Harcourt Industrial and Residential Areas, which fall within the lease area," the SPDC said. The company said it was committed to transferring OML 17 in an orderly and responsible manner to the new owner, which would help provide a sustainable long-term plan to unlock its full potential. "As with previous divestments, we will facilitate a successful transition to new ownership. Shell has been in Nigeria for over 60 years and remains committed to a long-term presence here," said the Managing Director of SPDC and Country Chairman of Shell companies in Nigeria, Mr Osagie Okunbor. Heirs Holdings said in a statement that TNOG Oil and Gas would have sole operatorship of the asset. It described the transaction as one of the largest oil and gas financings in Africa in more than a decade, with a financing component of $1.1bn provided by a consortium of global and regional banks and investor. It said the deal also involved Schlumberger as a technical partner and the trading arm of Shell as an off-taker. OML 17 has a current production capacity of 27,000 barrels of oil equivalent per day and 2P reserves of 1.2 billion barrels of oil equivalent, with an additional 1 billion barrels of oil equivalent resources of further exploration potential, according to the statement. |
Posted at 24/2/2023 07:06 by misca2 Trending: Eni Posts Lower 4Q Profit, Shares New Shareholder Remuneration Policy02/23/2023 | 06:02pm GMT 1746 GMT - Eni SpA is among the most mentioned topics across news items over the past 12 hours, according to Factiva data, after it posted results for the fourth quarter and a new shareholder remuneration plan as part of a new strategy until 2026. The Italian oil-and-gas major booked a quarterly net profit of 550 million euros ($583.4 million), down from EUR3.52 billion in the year-earlier period. The result was affected by fair-valued commodity derivatives, asset impairments and extraordinary, solidarity tax contributions. On an adjusted basis, net profit was EUR2.50 billion, the company said. Separately, Eni unveiled a plan to simplify its shareholder remuneration policy as part of a strategy from 2023 to 2026, and raised the dividend for the current year by 7% to EUR0.94 a share. Eni said it aims to distribute between 25%-30% of annual cash flow from operations through a combination of dividend and share buyback. Analysts at RBC Capital Markets say in a note that Eni's updated corporate plans look weaker than expected, given a higher capex run-rate relative to consensus while volume targets look broadly in line. "The simplification of the distribution policy, while expected, should be taken well, although we believe some investors had expected a higher payout ratio," the analysts say. Dow Jones & Co. owns Factiva. (cecilia.butini@wsj. (END) Dow Jones Newswires 02-23-23 1301ET |
Posted at 11/2/2023 10:28 by misca2 Eni SpA: Resistance should break10/02/2023 | 08:43 buy Entry price: 14.3€ | Target: 16€ | Stop: 13.6€ | Potential: 11.89 Below the resistance zone currently being tested, the potential appears limited for Eni SpA. The configuration of the stock nevertheless suggests a breakout from this level. We could buy the stock to target €16. Summary The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility. The company has an attractive fundamental position from a short-term investment perspective. The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, is particularly good. Strengths The company has very attractive earnings multiples. The stock is valued over 2022 at 0.5 times its turnover, which is a very attractive valuation compared to other listed companies. The company appears poorly valued given its net asset value. The company is poorly valued given the cash flows generated by its business. Yield-seeking investors may find the stock of major interest. Over the past 12 months, future revenue expectations have been revised upwards numerous times. Analysts have recently raised their revenue expectations significantly. Over the past year, analysts covering the stock have significantly raised their earnings per share expectations. The majority of analysts covering the stock have a Buy or Overweight recommendation. The spread between current prices and the average price target of the analysts covering the file is relatively large and implies a significant upside potential. Weaknesses With relatively low expected growth, the group is not among those with the highest potential for revenue growth. The potential for earnings per share (EPS) growth in the coming years appears limited according to current analyst estimates. The average consensus view of analysts covering the stock has deteriorated over the past four months. In the past, the group has often disappointed analysts by publishing business figures below their expectations. Translated with www.DeepL.com/Transl |
Posted at 21/9/2022 16:58 by grupo guitarlumber Is Eni (E) Stock Undervalued Right Now?Zacks Equity Research Zacks Published Sep 21, 2022 09:40AM EDT Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large. In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment. One company to watch right now is Eni (E). E is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock has a Forward P/E ratio of 3.44. This compares to its industry's average Forward P/E of 6.30. E's Forward P/E has been as high as 10.25 and as low as 3.36, with a median of 5.63, all within the past year. Investors should also note that E holds a PEG ratio of 0.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. E's PEG compares to its industry's average PEG of 0.47. Over the last 12 months, E's PEG has been as high as 1.27 and as low as 0.33, with a median of 0.50. Another valuation metric that we should highlight is E's P/B ratio of 0.74. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.42. E's P/B has been as high as 1.13 and as low as 0.70, with a median of 1, over the past year. Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. E has a P/S ratio of 0.33. This compares to its industry's average P/S of 0.46. Finally, our model also underscores that E has a P/CF ratio of 1.86. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 4.94. Within the past 12 months, E's P/CF has been as high as 6.20 and as low as 1.76, with a median of 3.33. Investors could also keep in mind YPF Sociedad Anonima (YPF), an Oil and Gas - Integrated - International stock with a Zacks Rank of # 1 (Strong Buy) and Value grade of A. Furthermore, YPF Sociedad Anonima holds a P/B ratio of 0.28 and its industry's price-to-book ratio is 1.42. YPF's P/B has been as high as 0.29, as low as 0.11, with a median of 0.20 over the past 12 months. These are just a handful of the figures considered in Eni and YPF Sociedad Anonima's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that E and YPF is an impressive value stock right now. |
Posted at 15/9/2022 03:50 by waldron StocksEni SpA (E) Outpaces Stock Market Gains: What You Should Know Contributor Zacks Equity Research Zacks Published Sep 14, 2022 06:00PM EDT Explore more articles like this Visit Smart Investing Sponsored Links The Secret Behind Babbel: An Expert Explains Why This App Is the Best for Learning a New LanguageBabbel Eni SpA (E) closed at $23.55 in the latest trading session, marking a +0.99% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.34%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, added 0.02%. Heading into today, shares of the energy company had lost 1.19% over the past month, lagging the Oils-Energy sector's loss of 0.08% and outpacing the S&P 500's loss of 7.95% in that time. Eni SpA will be looking to display strength as it nears its next earnings release. On that day, Eni SpA is projected to report earnings of $2.16 per share, which would represent year-over-year growth of 132.26%. Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.14 per share and revenue of $231.94 billion. These totals would mark changes of +164.29% and +154.5%, respectively, from last year. Any recent changes to analyst estimates for Eni SpA should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.65% lower within the past month. Eni SpA currently has a Zacks Rank of #3 (Hold). Investors should also note Eni SpA's current valuation metrics, including its Forward P/E ratio of 2.87. Its industry sports an average Forward P/E of 4.21, so we one might conclude that Eni SpA is trading at a discount comparatively. Investors should also note that E has a PEG ratio of 0.28 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Integrated - International stocks are, on average, holding a PEG ratio of 0.38 based on yesterday's closing prices. The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 35, putting it in the top 14% of all 250+ industries. |
Posted at 27/4/2022 19:27 by waldron StocksEni SpA (E) is an Incredible Growth Stock: 3 Reasons Why Contributor Zacks Equity Research Zacks Published Apr 27, 2022 12:45PM EDT Our proprietary system currently recommends Eni SpA (E) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank. Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better. While there are numerous reasons why the stock of this energy company is a great growth pick right now, we have highlighted three of the most important factors below: Earnings Growth Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Eni SpA is 11.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 106.5% this year, crushing the industry average, which calls for EPS growth of 70%. Cash Flow Growth Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds. Right now, year-over-year cash flow growth for Eni SpA is 86.3%, which is higher than many of its peers. In fact, the rate compares to the industry average of 46.3%. While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 12% over the past 3-5 years versus the industry average of 8.5%. Promising Earnings Estimate Revisions Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The current-year earnings estimates for Eni SpA have been revising upward. The Zacks Consensus Estimate for the current year has surged 19% over the past month. Bottom Line Eni SpA has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions. This combination positions Eni SpA well for outperformance, so growth investors may want to bet on it. |
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