Eni SpA (NYSE: E) has reported earnings for its first fiscal quarter (ending March 31) of $0.81 versus $1.54 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $2.38 versus $7.78 for the same period a year ago.
Recent Price Action
Eni SpA (NYSE: E) stock declined by -2.1% on 4/24/24. The shares closed at $32.59. Moreover, unusually high trading volume at 159% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, E is expected to continue to be a Value Builder.
Eni SpA has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Eni SpA has a very high Appreciation Score of 96 but a neutral Power Rating of 43, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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