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

Allen Good

Morningstar | New Morningstar Analyst Report for Eni SpA

Recent years have been unkind to Eni shareholders. Oil-price declines and disruptions in key producing areas have taken a toll on an otherwise low-cost, high-return upstream business. Meanwhile, poor results from its downstream and gas and power business have further weighed on returns. We think the worst is behind it, with performance across all three of its key segments set to improve, lifting returns from recently depressed levels. Eni has differentiated itself from peers with an ability to consistently find and develop new reserves at low costs, especially in regions such as Africa and the...

Allen Good

New Morningstar Analyst Report for Eni SpA

Our fair value estimate and moat rating for Eni is unchanged after first-quarter results were largely in line with our expectations and management reiterated its previous full-year guidance items. We continue to appreciate the improvements management has driven across the portfolio, particularly in the upstream and gas and power segments, as demonstrated during the quarter. However, we view this improvement along with the expectation of continued progress is largely already reflected in the shar...

ENI with less fundamental stars is reduced to Neutral

ENI (IT), a company active in the Integrated Oil & Gas industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date April 30, 2019, the closing price was EUR 15.22 and its expected value was estimated at EUR 15.50.

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...

Allen Good

Morningstar | Eni on Track for Full Year Targets After First Quarter; Fair Value Estimate Unchanged

Our fair value estimate and moat rating for Eni is unchanged after first-quarter results were largely in line with our expectations and management reiterated its previous full-year guidance items. We continue to appreciate the improvements management has driven across the portfolio, particularly in the upstream and gas and power segments, as demonstrated during the quarter. However, we view this improvement along with the expectation of continued progress is largely already reflected in the share price. As such we prefer other global integrateds with cheaper valuations and more aggressive capi...

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.

Eni S.p.A.: Update following ratings downgrade driven by Italian sovereign rating action

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

Allen Good

Morningstar | New Morningstar Analyst Report for Eni SpA

Recent years have been unkind to Eni shareholders. Oil-price declines and disruptions in key producing areas have taken a toll on an otherwise low-cost, high-return upstream business. Meanwhile, poor results from its downstream and gas and power business have further weighed on returns. We think the worst is behind it, with performance across all three of its key segments set to improve, lifting returns from recently depressed levels. Eni has differentiated itself from peers with an ability to consistently find and develop new reserves at low costs, especially in regions such as Africa and the...

Allen Good

New Morningstar Analyst Report for Eni SpA

Our fair value estimate and moat rating for Eni is unchanged after first-quarter results were largely in line with our expectations and management reiterated its previous full-year guidance items. We continue to appreciate the improvements management has driven across the portfolio, particularly in the upstream and gas and power segments, as demonstrated during the quarter. However, we view this improvement along with the expectation of continued progress is largely already reflected in the shar...

Allen Good

Morningstar | Eni on Track for Full Year Targets After First Quarter; Fair Value Estimate Unchanged

Our fair value estimate and moat rating for Eni is unchanged after first-quarter results were largely in line with our expectations and management reiterated its previous full-year guidance items. We continue to appreciate the improvements management has driven across the portfolio, particularly in the upstream and gas and power segments, as demonstrated during the quarter. However, we view this improvement along with the expectation of continued progress is largely already reflected in the share price. As such we prefer other global integrateds with cheaper valuations and more aggressive capi...

Allen Good

Eni on Track for Full Year Targets After First Quarter; Fair Value Estimate Unchanged

Our fair value estimate and moat rating for Eni is unchanged after first-quarter results were largely in line with our expectations and management reiterated its previous full-year guidance items. We continue to appreciate the improvements management has driven across the portfolio, particularly in the upstream and gas and power segments, as demonstrated during the quarter. However, we view this improvement along with the expectation of continued progress is largely already reflected in the shar...

Ahmed Ben Salem ...
  • Yassine Batini

ENI SpA : Q1 2019 results a shade below our expectations, cash generation and the outlook are reassuring

>EBIT -7% below the consensus and attributable net profit -16% below expectations - Adjusted EBIT was € 2.354bn in Q1 2018, respectively, 9% and 7% below our forecasts and those of the consensus (ODDO BHF: € 2.595bn; consensus: € 2.530bn). Attributable net profit totalled € 992m, -31.6% q-o-q/+1.4% y-o-y and 12.5%/5.5% below our expectations and the consensus with a disappointment at the downstream level, partially offset by a good performance in G&P, the tax rate i...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/25/2019

...

Ahmed Ben Salem ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe Chaput
  • Emira Sagaama
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Laurence Hofmann
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 25/04/2019

...

Ahmed Ben Salem ...
  • Cecile De Coincy
  • Christophe-Raphaël Ganet
  • Florent Laroche-Joubert
  • Hana Maalej
  • Jeremy Garnier
  • Jerôme Bodin
  • Yassine Batini

ODDO BHF Small & MIDCAP MORNING NEWS - 04/12/2019

US Congress is currently discussing how best to continue securing, or even raising, funding for the country's infrastructure. Increasing the federal tax on fuel is one of the few options to receive cross-party support. This tax has not been hiked since 1993, but mindsets are changing with 39 states having already ramped up the local component of this levy in recent years. CRH and HeidelbergCement would be the main beneficiaries. - - ...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Delphine Brault
  • Florent Laroche-Joubert
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/12/2019

US Congress is currently discussing how best to continue securing, or even raising, funding for the country's infrastructure. Increasing the federal tax on fuel is one of the few options to receive cross-party support. This tax has not been hiked since 1993, but mindsets are changing with 39 states having already ramped up the local component of this levy in recent years. CRH and HeidelbergCement would be the main beneficiaries. - - ...

Ahmed Ben Salem ...
  • Christophe-Raphaël Ganet
  • Florent Laroche-Joubert
  • Hana Maalej
  • Jeremy Garnier
  • Jerôme Bodin
  • Yassine Batini

ODDO BHF Small & MIDCAP MORNING NEWS - 12/04/2019

Des discussions au Congrès américain sont actuellement en cours en vue de boucler, voire même d’augmenter, le financement des infrastructures. L’idée d’une hausse de la taxe fédérale sur les carburants reste l’un des rares projets avec un soutien bipartisan. Cette taxe n’a pas été augmentée depuis 1993 mais les mentalités américaines évoluent : 39 Etats ont déjà augmenté la composante locale de cette taxe ces dernières années. CRH et HeidelbergCement seraient les grands gagnants. - - ...

ENI with less fundamental stars is reduced to Neutral

ENI (IT), a company active in the Integrated Oil & Gas industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date April 30, 2019, the closing price was EUR 15.22 and its expected value was estimated at EUR 15.50.

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...

MarketLine Department

BP Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's BP 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 BP 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 Highlights This repo...

MarketLine Department

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...

GlobalData Department

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

Summary Eni SpA (Eni) is an integrated oil and gas company that carries out oil and natural gas exploration, field development and production activities. It is also involved in supply, trading and shipping of natural gas, LNG, electricity and fuels. The company has operations 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 wholesalers and retail networks. It h...

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

Analyse moyen terme - ENI : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 14,243 €.

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