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

Analysts

With a more favourable environment, ENI improves to Slightly Positive

ENI (IT), a company active in the Integrated Oil & Gas industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 17, 2019, the closing price was EUR 14.15 and its potential was estimated at EUR 15.07.

Ahmed Ben Salem

ODDO : Oil: Brent jumps 10% on attack on Saudi oil installations

>50% of Saudi output disrupted - Drone attacks on Saudi installations have led to the stoppage of almost 5.7 Mb/d of production, representing more than half of the country’s production of 9.8 Mb/d. This is the single worst disruption in oil markets ever, surpassing the loss of Kuwaiti and Iraqi supply in 1990. It has sent oil prices $ 10/b higher to $ 66/b. The attack by Houthi-Iranian drones is not the first and this time it has targeted the most important infrastruc...

Ahmed Ben Salem

ODDO : Oil: Brent jumps 10% on attack on Saudi oil installations

>50% of Saudi output disrupted - Drone attacks on Saudi installations have led to the stoppage of almost 5.7 Mb/d of production, representing more than half of the country’s production of 9.8 Mb/d. This is the single worst disruption in oil markets ever, surpassing the loss of Kuwaiti and Iraqi supply in 1990. It has sent oil prices $ 10/b higher to $ 66/b. The attack by Houthi-Iranian drones is not the first and this time it has targeted the most important infrastruc...

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

Compares key performance metrics against industry peers.

Eni S.p.A. - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

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

Stronger upstream performance and conservative financial policy support Eni's Baa1 rating, but links with Italy limit the differential with the Baa3 Italian sovereign rating to two notches

Eni S.p.A.: Eni's Purchase of a Stake in ADNOC Refining Is Credit Positive as It Strengthens Its Business Profile

The announced acquisition of a 20% stake in Abu Dhabi Oil Refining Company and a 20% stake in a to-be-established trading joint venture strengthens Eni's business profile.

Eni S.p.A. - September 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Ahmed Ben Salem

ODDO : Oil: Brent jumps 10% on attack on Saudi oil installations

>50% of Saudi output disrupted - Drone attacks on Saudi installations have led to the stoppage of almost 5.7 Mb/d of production, representing more than half of the country’s production of 9.8 Mb/d. This is the single worst disruption in oil markets ever, surpassing the loss of Kuwaiti and Iraqi supply in 1990. It has sent oil prices $ 10/b higher to $ 66/b. The attack by Houthi-Iranian drones is not the first and this time it has targeted the most important infrastruc...

Ahmed Ben Salem

ODDO : Oil: Brent jumps 10% on attack on Saudi oil installations

>50% of Saudi output disrupted - Drone attacks on Saudi installations have led to the stoppage of almost 5.7 Mb/d of production, representing more than half of the country’s production of 9.8 Mb/d. This is the single worst disruption in oil markets ever, surpassing the loss of Kuwaiti and Iraqi supply in 1990. It has sent oil prices $ 10/b higher to $ 66/b. The attack by Houthi-Iranian drones is not the first and this time it has targeted the most important infrastruc...

Ahmed Ben Salem ...
  • Yassine Batini

ODDO : IEA report: demand holding up; however, risk of surplus in H1 2020 but not beyond

>Demand growth confirmed in 2019-2020 despite a poor H1 - The IEA has maintained its forecasts for growth in demand for 2019 at 1.1 mb/d with an acceleration expected in 2020 to +1.3 mb/d. The IEA notes that growth slowed significantly in H1 to +500 kb/d, even reaching a low point of +200 kb/d in Q2 2019, impacted by trade relations between the US and China, Brexit and the slowdown in the global economy. The good news is that the IEA no longer expects a deterioration ...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Charles Lepetitpas
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Nicolas David
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Corby
  • Salma Bouraoui
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/29/2019

...

Ahmed Ben Salem ...
  • Alain William
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/17/2019

We reiterate our Buy recommendation with a target price of € 15.60. Aside from the restoration of the market’s confidence, the key point is the upcoming strategic plan expected to be unveiled at end-2019. It should be based on enhancing the operating performance and resuming value creation, which should in turn act as a catalyst for the group's re-rating. Our analysis of the various strategic options indicates a positive risk-reward profile. - ...

Ahmed Ben Salem ...
  • Alain William
  • Emira Sagaama
  • François Maury
  • Georges Dieng
  • Johanna Jourdain
  • Laurence Hofmann
  • Matthias Desmarais
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/07/2019

Nous réitérons notre opinion Achat avec un OC de 15.60 €. Au-delà du retour à la confiance du marché, l’enjeu demeure le prochain plan stratégique qui sera dévoilé en fin d’année 2019. Il devra être fondé sur un socle d’amélioration de la performance opérationnelle et de retour à la création de valeur afin de constituer le catalyseur d’une revalorisation du groupe. Notre analyse des différentes options stratégiques aboutit à un risk reward positif. - ...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Bruno Cavalier
  • Charles Lepetitpas
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Nicolas David
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/15/2019

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Bruno Cavalier
  • Charles Lepetitpas
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Jerôme Bodin
  • Nicolas David
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/07/2019

...

With a more favourable environment, ENI improves to Slightly Positive

ENI (IT), a company active in the Integrated Oil & Gas industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 17, 2019, the closing price was EUR 14.15 and its potential was estimated at EUR 15.07.

Eni

Eni

Eni

Eni

MarketLine Department

OMV AG - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's OMV AG Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by OMV AG since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This repo...

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Premier Oil plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Premier Oil plc Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Premier Oil plc since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Hig...

Eni SpA (ENI) - Power - Deals and Alliances Profile

Summary Eni S.p.A. (Eni) is an integrated oil and gas company, which carries out oil and natural gas exploration, field development and production activities. It also involves in supply, trading and shipping of natural gas, LNG, electricity and fuels. The company manages developed and undeveloped acreage in Italy, Cyprus, the UK, Portugal, Algeria, Egypt, Gabon, Nigeria, Russia, Venezuela and other countries. Through its refineries, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and allied products. The company commercializes these products through wholesal...

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 ...

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.

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