Eni is engaged in the oil and gas exploration and production, gas marketing operations, management of gas infrastructures, power generation, petrochemicals, oil field services and engineering industries. Co.'s operations are divided into three segments; Exploration and Production (oil and natural gas exploration and field development and production, as well as LNG operations), Gas and Power (supply, trading and marketing of gas and electricity, managing gas infrastructures for transport, distribution, storage, re-gasification, and LNG supply and marketing), and Refining and Marketing (supply of crude oil, refining and marketing of refined products). Co. maintains operations in 73 countries.
  • TickerENI
  • ISINIT0003132476
  • SectorOil & Gas Producers
  • CountryItaly
Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/07/2020

...

Ahmed Ben Salem

ENI SpA : Eni revises down its long-term oil price from $ 70/b to $ 60/b and expects an impairment of € 3.5 bn in Q2 2020

>Eni revises down its commodity prices and expects impairments in Q2 2020 - Eni has just updated its outlook for 2020-2024 and its long-term commodity price scenario. It now expects Brent prices at $ 40/48/55/b in 2020/21/22 compared to $ 44/55/70/b previously and $ 60/b in 2023+ compared to $ 70/b previously which remains slightly above our scenario of $ 55/b and $ 55/b for BP but in line with RD Shell at $ 60/b. It has also revised down its natural gas price for ...

Ahmed Ben Salem

ENI SpA : Eni revises down its long-term oil price from $ 70/b to $ 60/b and expects an impairment of € 3.5 bn in Q2 2020

>Eni revises down its commodity prices and expects impairments in Q2 2020 - Eni has just updated its outlook for 2020-2024 and its long-term commodity price scenario. It now expects Brent prices at $ 40/48/55/b in 2020/21/22 compared to $ 44/55/70/b previously and $ 60/b in 2023+ compared to $ 70/b previously which remains slightly above our scenario of $ 55/b and $ 55/b for BP but in line with RD Shell at $ 60/b. It has also revised down its natural gas price for...

Research Department

INFORME DIARIO 07 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: CELLNEX, IBERDROLA, OHL, PRISA. EUROPA: ENI, NOKIA Perspectivas positivas y rebote fuerte Una subida de la bolsa de China de más del 5% ha dado alas a las bolsas europeas y americanas, que han rebotado con fuerza en una jornada de más a menos donde el Ibex lideró las subidas en Europa. Así, en el Euro STOXX todos los sectores cerraron en positivo con Bancos y Autos liderando las subidas frente a Utilities y Telecos que presentaron el peor comportamiento relativo. Por el lado macro, en la Eurozona el índice de confianza de inversión Sentix de juli...

Matthieu DRIOL

Short term view - ENI : Prices recovered.

The trend is uncertain. Prices have recovered but the trend lacks power for the time being. The next resistance is at €16.668.

Matthieu DRIOL

Analyse court terme - ENI : Les cours se sont repris.

La tendance est incertaine. Les cours se sont repris, mais la tendance manque de puissance pour le moment. La prochaine résistance est à 16,668 €.

Matthieu DRIOL

Short term view - ENI : Falling prices.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €14.713.

Matthieu DRIOL

Analyse court terme - ENI : Les cours baissent.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 14,713 €.

Matthieu DRIOL

Medium term view - ENI : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at €14.243.

ENI: 1 director sold

A director at ENI sold 11,000 shares at 9.694EUR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members alo...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/07/2020

...

Ahmed Ben Salem

ENI SpA : Eni revises down its long-term oil price from $ 70/b to $ 60/b and expects an impairment of € 3.5 bn in Q2 2020

>Eni revises down its commodity prices and expects impairments in Q2 2020 - Eni has just updated its outlook for 2020-2024 and its long-term commodity price scenario. It now expects Brent prices at $ 40/48/55/b in 2020/21/22 compared to $ 44/55/70/b previously and $ 60/b in 2023+ compared to $ 70/b previously which remains slightly above our scenario of $ 55/b and $ 55/b for BP but in line with RD Shell at $ 60/b. It has also revised down its natural gas price for ...

Ahmed Ben Salem

ENI SpA : Eni revises down its long-term oil price from $ 70/b to $ 60/b and expects an impairment of € 3.5 bn in Q2 2020

>Eni revises down its commodity prices and expects impairments in Q2 2020 - Eni has just updated its outlook for 2020-2024 and its long-term commodity price scenario. It now expects Brent prices at $ 40/48/55/b in 2020/21/22 compared to $ 44/55/70/b previously and $ 60/b in 2023+ compared to $ 70/b previously which remains slightly above our scenario of $ 55/b and $ 55/b for BP but in line with RD Shell at $ 60/b. It has also revised down its natural gas price for...

Research Department

INFORME DIARIO 07 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: CELLNEX, IBERDROLA, OHL, PRISA. EUROPA: ENI, NOKIA Perspectivas positivas y rebote fuerte Una subida de la bolsa de China de más del 5% ha dado alas a las bolsas europeas y americanas, que han rebotado con fuerza en una jornada de más a menos donde el Ibex lideró las subidas en Europa. Así, en el Euro STOXX todos los sectores cerraron en positivo con Bancos y Autos liderando las subidas frente a Utilities y Telecos que presentaron el peor comportamiento relativo. Por el lado macro, en la Eurozona el índice de confianza de inversión Sentix de juli...

Eni S.p.A. - March 2020 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Eni S.p.A.: Update to credit analysis

Our credit view of Eni S.p.A., reflecting its stronger upstream performance and conservative financial policy, constrained its links with the Government of Italy.

Eni S.p.A. - December 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Eni S.p.A. - September 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Eni S.p.A.: Update to credit analysis

Our credit view of Eni S.p.A., reflecting its stronger upstream performance and conservative financial policy, counterbalanced by its links with the Government of Italy.

Ahmed Ben Salem

ODDO BHF Small & MIDCAP MORNING NEWS - 06/17/2020

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. Cf. report published last evening. - ...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Laurence Hofmann
  • Martial Descoutures
  • Sebastien Malafosse

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/17/2020

This cross-sector report from ODDO BHF equity research aims to identify the sectors and stocks positively affected by or at risk from an acceleration in the digitisation of society and the economy post COVID-19. We arrive at a list of 16 attractive stocks and 12 stocks that we see as being at risk. Cf; report ppublished last evening. - ...

Ahmed Ben Salem

ODDO BHF Small & MIDCAP MORNING NEWS - 17/06/2020

Cette note transversale du bureau d’étude ODDO BHF a pour but d’identifier les secteurs et valeurs positivement impactés ou en risque face à une accélération de la digitalisation de la société et de l’économie post COVID-19. Nous ressortons avec 16 valeurs attractives et 12 valeurs en risque. Cf. étude publiée hier soir. - ...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Laurence Hofmann
  • Martial Descoutures
  • Sebastien Malafosse

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/06/2020

Cette note transversale du bureau d’étude ODDO BHF a pour but d’identifier les secteurs et valeurs positivement impactés ou en risque face à une accélération de la digitalisation de la société et de l’économie post COVID-19. Nous ressortons avec 16 valeurs attractives et 12 valeurs en risque. Cf. étude publiée hier soir. - ...

Ahmed Ben Salem ...
  • Alain William
  • Charles Lepetitpas
  • Fehmi Ben Naamane
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 05/15/2020

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Increased risk weighs on ENI, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of ENI (IT), active in the Integrated Oil & Gas industry. As regards its fundamental valuation, the title still shows 2 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date April 17, 2020, the closing price was EUR 8.59 and its target price was estimated at EUR 7.68.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Eni – AGM 13 May 2020

In item 2, the Board proposes to distribute a total dividend of €0.86 per share on 2019 results, +3.6% in respect to the dividend paid on 2018 results, despite the 96.4% decrease in reported net income (-37.2% in adjusted net income). Total dividend distribution will amount to approximately €3'078 million, and it is not covered by consolidated net earnings or free cash flow. In view of the recent events relating to Covid-19, ECGS is in favour of postponing decisions on the dividend, reductions or suspensions that would allow companies to avoid liquidity risks or not generate risk for their sur...

Expert Corporate Governance Service (ECGS)

Eni - AGM 14 May 2019

In item 3, the Board asks the authorization to repurchase up to 67 million own shares (1.8%). The proposal is made in accordance with Eni's 2019-2022 shareholder remuneration policy, providing for a share buyback program capped at an aggregate value of € 400 million, if oil prices are in the range from USD 60 to USD 65 per barrel, or € 800 million in a scenario of oil prices above USD 65 per barrel. At the 2020 AGM, the Board will ask for the authorization to cancel the shares repurchased under the current authorization. The terms of the authorization are in line with our guidelines (maximum 1...

Eni SPA – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Proxy Report - 10/05/2018

In item 3, shareholders are called to an advisory vote on the remuneration policy adopted by the Company for executive Directors and other executives with strategic responsibilities. The level of disclosure is high, as all performance conditions are disclosed, including the ex-post disclosure of the level of achievement of targets, and targets related to the performance share plan are quantified. We regret that the maximum variable remuneration exceeds out voting policy limit of 300% of the base salary (the CEO's variable remuneration is capped at 477% of his base salary, of which 146% linked ...

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