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

ENI: 1 director bought

A director at ENI bought 22,000 shares at 7.390EUR and the significance rating of the trade was 67/100. 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 a...

Ahmed Ben Salem

ENI SpA : Results better than expected, cut to the dividend with a progressive but complex mechanism

>EBIT and net result in the red but better than expected - Adjusted EBIT came in at a loss of -€ 434m in Q2 2020, 33% ahead of expectations (ODDO BHF: -€ 1,070m; consensus: € 1,100m). The net result was a loss of -€ 714m and 23% higher than expected. The tax rate will be complicated to quantify according to the group at the level of the P&L but will fall to 20% at the cash level vs 30% historically. E&P below expectations, production guidance revised do...

Ahmed Ben Salem

ENI SpA : Résultats supérieurs aux attentes, baisse des dividendes avec un mécanisme progressif mais complexe

>EBIT et RNpg dans le rouge mais supérieurs aux attentes - L’EBIT ajusté ressort à -434 M€ au T2 2020, 33% supérieur aux attentes (ODDO BHF: -1 070 M€; Cs: 1 100 M€). Le RNpg ressort dans le rouge à -714 M€ et 23% supérieurs aux attentes. Le taux d’impôt sera complexe à quantifier selon le groupe au niveau du compte de résultat mais baissera à 20% au niveau du cash vs 30% historiquement. E&P inférieur aux attentes guidance de production revue en baisse...

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 bought

A director at ENI bought 22,000 shares at 7.390EUR and the significance rating of the trade was 67/100. 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 a...

Ahmed Ben Salem

ENI SpA : Results better than expected, cut to the dividend with a progressive but complex mechanism

>EBIT and net result in the red but better than expected - Adjusted EBIT came in at a loss of -€ 434m in Q2 2020, 33% ahead of expectations (ODDO BHF: -€ 1,070m; consensus: € 1,100m). The net result was a loss of -€ 714m and 23% higher than expected. The tax rate will be complicated to quantify according to the group at the level of the P&L but will fall to 20% at the cash level vs 30% historically. E&P below expectations, production guidance revised do...

Ahmed Ben Salem

ENI SpA : Résultats supérieurs aux attentes, baisse des dividendes avec un mécanisme progressif mais complexe

>EBIT et RNpg dans le rouge mais supérieurs aux attentes - L’EBIT ajusté ressort à -434 M€ au T2 2020, 33% supérieur aux attentes (ODDO BHF: -1 070 M€; Cs: 1 100 M€). Le RNpg ressort dans le rouge à -714 M€ et 23% supérieurs aux attentes. Le taux d’impôt sera complexe à quantifier selon le groupe au niveau du compte de résultat mais baissera à 20% au niveau du cash vs 30% historiquement. E&P inférieur aux attentes guidance de production revue en baisse...

Alvaro del Pozo

ENI: RDOS. 2T'20, CAMBIO DE P.O. A LA BAJA Y DE RECOMENDACIÓN A VENDER (ANÁLISIS BANCO SABADELL)

Rdos. 2T'20 vs 2T'19: EBIT: -434 M euros (-119,0% vs -136,7% BS(e) y -128,5% consenso); BDI: -714,0 M euros (-226.8% vs -278,1% (e) y -265,2% consenso). Rdos. 1S'20 vs 1S'19: EBIT: 873,0 M euros (-81,2% vs -89,9% BS(e) y -85,8% consenso); BDI: -654,0 M euros (1.554 M euros en 2T'19 vs -944,0 M euros BS(e) y -871,0 M euros consenso). Rdos. 2T’20 mejores en EBIT por Gas&Power y por otros ajustes (exajustes hubieran estado por debajo del consenso). En Upstream el performance de Exploración y Producción ha estado muy por debajo de lo esperado (-807 M euros de EBIT vs -550 M euros BS(e) y -430 cons...

Research Department

EUROSTOXX 50: RESULTADOS A DESTACAR SEMANA 27 A 31 JULIO 2020 (ANÁLISIS BANCO SABADELL)

Resultados EuroStoxx 50 destacados para la próxima semana. De los valores que publican Rdos. 2T’20 la semana que viene destacamos en positivo: (i) AB InBev, donde indicaciones positivas de recuperación en China y en EE.UU. (cuota) podrían dar impulso a la cotización, (ii) Linde, mostrando una vez más la solidez de sus negocios y esto debería servir de soporte al valor, (iii) Orange, por la solidez operativa y su capacidad de generación de FCL, y (iv) Safran, con unos Rdos. razonablemente positivos en el actual entorno. Por el contrario, esperamos acogida negativa en: (i) Danone, donde en caso...

Research Department

INFORME DIARIO 22 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: CELLNEX, IAG, IBERDROLA, TALGO, PREVIEWS DESTACADOS. EUROPA: AHOLD, DAIMLER, ENI, PREVIEWS DESTACADOS Un acuerdo… ¿suficientemente bueno? o ¿ya descontado a corto plazo? Las ganancias de comienzos de sesión tras conocerse el acuerdo europeo para el Fondo de Reconstrucción se fueron desinflando a lo largo de la sesión ante los temores renovados por la propagación del Covid-19 en EE.UU. En el Euro STOXX los sectores mejores fueron Energía y Alimentación frente a Farma y Telecomunicaciones, que terminaron con caídas. Por el lado macro, en Europa, Sch...

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 SECURITIES MORNING NEWS – DETAILED COMMENTS 07/17/2020

We are forecasting an historically low H1 2020, penalised by the lockdown effects. On the basis of our H1 estimates and the full-year consensus, several stocks are likely to disappoint (Imerys and Vicat). Conversely, the full-year consensus seems to incorporate a margin for error and, possibly, potential for upward revision for LafargeHolcim, Getlink and Eiffage. Saint-Gobain and Eiffage remain our favourite stocks, particularly as the market and investors are already looking to 2021....

Ahmed Ben Salem

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/07/2020

Nous tablons sur un S1 2020 historiquement bas, pénalisé par les effets du confinement. Sur la base de nos estimations S1 et du consensus annuel, plusieurs valeurs nous semblent susceptibles de décevoir (Imerys et Vicat). A l’inverse, le consensus annuel nous semble intégrer une marge d’erreur, voire un potentiel de révision à la hausse pour LafargeHolcim, Getlink et Eiffage. Saint-Gobain et Eiffage restent nos valeurs préférées d’autant que le marché et les investisseurs ont déjà tou...

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. - ...

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 ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch