ENI.MI - Eni S.p.A.

Milan - Milan Delayed Price. Currency in EUR
11.76
-0.31 (-2.54%)
At close: 5:41PM CET
Stock chart is not supported by your current browser
Previous Close12.06
Open11.89
Bid11.70 x 0
Ask11.82 x 0
Day's Range11.54 - 11.94
52 Week Range11.54 - 16.06
Volume31,736,451
Avg. Volume12,717,791
Market Cap42.731B
Beta (5Y Monthly)0.79
PE Ratio (TTM)17.34
EPS (TTM)0.68
Earnings DateFeb 28, 2020
Forward Dividend & Yield0.86 (7.13%)
Ex-Dividend DateSep 23, 2019
1y Target Est18.06
  • Are Eni S.p.A.’s (BIT:ENI) Returns On Investment Worth Your While?
    Simply Wall St.

    Are Eni S.p.A.’s (BIT:ENI) Returns On Investment Worth Your While?

    Today we'll evaluate Eni S.p.A. (BIT:ENI) to determine whether it could have potential as an investment idea. In...

  • Reuters

    Italy's Eni says offshore Mexico find could make block commercial

    Italy's state-controlled oil company Eni said on Monday it notched an offshore discovery just off Mexico's southern Gulf Coast, marking "a potential commercial outcome" in its area because of other nearby prospects. The new find is believed to contain between 200 million and 300 million barrels of light oil at a water depth of 1,115 feet (340 m) and comes about two years after the company said it had raised the estimate from a separate offshore prospect in Mexico to 2 billion barrels. The Milan-based company said in a statement that its Saasken-1 exploratory well that made the discovery was about 40 miles (65 km) off the Mexican coast, marking the sixth consecutive successful well drilled in its offshore acreage in the country.

  • Reuters

    Pompeo blasts corruption, promotes U.S. business in Africa trip

    U.S. Secretary of State Mike Pompeo denounced corruption and touted American business on Monday during the second leg of an African tour in Angola, where the government is seeking to claw back billions of dollars looted from state coffers. Pompeo is aiming to promote U.S. investment as an alternative to Chinese loans while assuaging concerns over a planned U.S military withdrawal and the expansion of visa restrictions targeting four African countries.

  • Are Dividend Investors Making A Mistake With Eni S.p.A. (BIT:ENI)?
    Simply Wall St.

    Are Dividend Investors Making A Mistake With Eni S.p.A. (BIT:ENI)?

    Today we'll take a closer look at Eni S.p.A. (BIT:ENI) from a dividend investor's perspective. Owning a strong...

  • Reuters

    RPT-IMF aid to Congo Republic on hold over Glencore, Trafigura impasse

    LONDON/JOHANNESBURG, Jan 24 (Reuters) - Talks to salvage a tentative $1.7 billion debt restructuring between Congo Republic and energy traders Glencore and Trafigura are stuck, sources said, jeopardising an International Monetary Fund bailout for the debt-hobbled nation.

  • Reuters

    Congo Rep. debt could be one-third higher than IMF estimate - campaign group

    Congo Republic's public debt could be more than one-third higher than the International Monetary Fund estimated when it awarded a bailout last year because of liabilities held by the state oil company, environmental and rights group Global Witness said on Monday. If confirmed, this increase could hinder the OPEC producer's economic recovery from a downturn that began in 2014 when oil prices dropped sharply, causing debt levels to balloon to 118% of GDP in 2017. The IMF plan for Congo Republic was agreed last year after Brazzaville renegotiated a portion of its Chinese debt.

  • Reuters

    IMF aid to Congo Republic on hold over Glencore, Trafigura impasse

    LONDON/JOHANNESBURG, Jan 24 (Reuters) - Talks to salvage a tentative $1.7 billion debt restructuring between Congo Republic and energy traders Glencore and Trafigura are stuck, sources said, jeopardising an International Monetary Fund bailout for the debt-hobbled nation.

  • Oilprice.com

    Tension Between Cyprus, Turkey Flares Up On “Illegal” Gas Exploration

    Tensions between Turkey and Cyprus that have been simmering for decades flared up again this month after Cyprus called Turkey a “pirate state”

  • China Opens Up to Oil Majors at the Wrong Time
    Bloomberg

    China Opens Up to Oil Majors at the Wrong Time

    (Bloomberg Opinion) -- Broad new horizons in key markets are opening for the world’s energy companies. Don’t expect to see a land rush any time soon. China will allow all large domestic and foreign companies to apply for oil and gas exploration licenses that were previously only open to state-owned enterprises, the country’s resources ministry said at a briefing Thursday. In India, regulators will also let private and international companies bid for a group of coal blocks it’s putting up for auction starting this month, the country’s coal and mines minister Pralhad Joshi said this week, chipping away at a near-monopoly enjoyed by state-controlled Coal India Ltd.A decade or so ago, such announcements might have caused international energy companies to salivate with excitement. All the fear back then was that state-owned giants like Saudi Arabian Oil Co. and Petroleos de Venezuela SA controlled all the viable assets to fuel a coming era of ever-increasing fossil fuel demand, leaving listed businesses running out of reserves. How things have changed.For one thing, it’s national governments rather than independent companies that are now worried about supply shortages. China’s domestic oil production has fallen about 10% since peaking five years ago. India’s coal output is still edging up, but not fast enough to meet demand: Net imports have accounted for about a quarter of consumption in recent years, up from 10% a decade ago.Meanwhile, energy companies are awash with supply. The revolution in fracking means that America’s shale patch would count as one of the world’s top three oil producers if considered on its own. It briefly overtook Saudi Arabia for the number two spot behind Russia after an attack on the Gulf country’s oil facilities in September.Conventional oil and gas discoveries are booming, too, hitting a four-year high of 12.2 billion barrels of oil equivalent last year, according to consultancy Rystad Energy AS. Storied oil majors Exxon Mobil Corp., Total SA, BP Plc and Eni SpA chalked up some of the year’s best discoveries. On the demand side, consumption of petroleum may peak as soon as a decade from now, well within the lifetime of most conventional oilfields.As a result, the interests of fossil fuel producers and the energy-hungry governments seeking to attract them are fundamentally opposed. Beijing and New Delhi ultimately want to boost domestic output at all costs, and hope that foreign businesses can sprinkle some innovative magic that local giants can’t muster. International oil companies, on the other hand, are ruing a decade when they chased barrels to the exclusion of all else. They’re now much more focused on developing only the most profitable fields, wherever they’re to be found.It’s probably unfair to characterize the state-owned Chinese and Indian companies as lazy behemoths, too. PetroChina Co.’s capital spending is bigger than that of Exxon Mobil and BP put together, and about half the wells it drills each year are in the Changqing field, where most new development is in difficult formations similar to those in the U.S. shale patch. Coal India, likewise, is hampered by the fact that most of the country’s coal is high in ash and low in energy, and dependent on a creaky rail network to make it to power stations.The problem, instead, is that the remorseless facts of poor geology make it nearly impossible to develop domestic reserves profitably, especially when government targets are driving state-owned companies to increase output with little regard for cost.Take the Qingcheng field, a corner of the Changqing deposit that counts as PetroChina’s largest single shale find. Even after recent efforts to drive down costs, the internal rate of return for Qingcheng wells is now only 8% to 9%, Cathy Chan, an analyst at CCB International Holdings Ltd., wrote in an October note.It’s fanciful to think this would tempt foreign investors. Such returns barely cover PetroChina’s own cost of capital. In Texas’s Permian basin, comparably low returns were last seen in early 2016, when the local fracking industry was on the brink of collapse. IRRs of 20% to 40% are typical for unconventional petroleum in the U.S. Given the substantial political risks that come from operating in China these days, it’s very hard to see the attraction here for international energy businesses.The best path to energy security for China and India is to encourage their own renewable energy and electrified transport industries — an approach that will improve the health of their populations, reduce climate risks, and leave them far less dependent on imported fuels. That’s a much better idea than wasting money trying to get blood from a stone, or hoping that clever foreigners will be able to find hidden deposits where local talent has failed.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Rachel Rosenthal at rrosenthal21@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Oilprice.com

    US Urges All Americans To Leave Iraq After Soleimani Assassination

    The US embassy in Baghdad has urged all US citizens to leave Iraq immediately, after the US killed Iranian military general and hardliner Qassem Soleimani

  • Is Eni S.p.A.'s (BIT:ENI) High P/E Ratio A Problem For Investors?
    Simply Wall St.

    Is Eni S.p.A.'s (BIT:ENI) High P/E Ratio A Problem For Investors?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...

  • Oilprice.com

    Should Arctic Oil Be Kept Underground?

    With the launch of the huge Johan Sverdrup field, the question arises how many large oilfields Norway will commission in the next couple of years

  • A Bullish End To The Year For Oil Markets
    Oilprice.com

    A Bullish End To The Year For Oil Markets

    Oil markets have finished the year roughly 30 percent higher than they were 12 months ago, but it would be a mistake to believe the downside risks have vanished entirely

  • Is Eni SpA  (E) A Good Stock To Buy?
    Insider Monkey

    Is Eni SpA (E) A Good Stock To Buy?

    The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]

  • Is Eni S.p.A.'s (BIT:ENI) ROE Of 4.8% Concerning?
    Simply Wall St.

    Is Eni S.p.A.'s (BIT:ENI) ROE Of 4.8% Concerning?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...