|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||14.79 - 14.81|
|52-week range||13.50 - 17.10|
|Beta (3Y monthly)||0.82|
|PE ratio (TTM)||12.47|
|Forward dividend & yield||0.82 (5.29%)|
|1y target est||N/A|
The consortium exploring the Kekra-1 well off the coast of Pakistan is ending drilling operations after no reserves of oil and gas were found, a spokesman for Oil and Gas Development Co Ltd, one of the Pakistani partners, said. "The oil exploration well will be plugged and abandoned," said Ahmed Lak, spokesman for state-owned OGDC, part of the group behind the exploration led by Italy's Eni SpA which included Exxon Mobile Corp and Pakistan Petroleum Ltd. No comment was immediately available from Eni, which has operated the exploration licence under a deal signed in 2012.
A high-dividend yield is enticing, but there are too many negatives surrounding Italian oil giant ENI. Here's what they are, and here are two alternatives.
A three-judge panel found the lower court miscalculated damages because it used a standby rate to determine what Eni would have paid Transocean to complete the contract. It sent the damages decision back to the District Court to recalculate damages based on what work the rig could have performed. Transocean declined to comment on the ruling.
Spa (ENI.MI) has begun construction on two new solar-power projects in Pakistan and Tunisia, the Italian oil-and gas company said Tuesday. Eni expects the photovoltaic project in Bhit, Pakistan, to have peak capacity of 10 megawatts. The energy produced there will be used on site, reducing gas consumption and avoiding around 140,000 metric tons of carbon dioxide-equivalent emissions over the next 10 years, it said.
LONDON—Royal Dutch Shell PLC is expected to face prosecution in the Netherlands on criminal charges connected to a 2011 Nigerian oil deal, the company said Friday, the latest twist in one of the oil industry’s biggest bribery scandals. The Dutch Public Prosecution Service said that it had concluded through its investigation of Shell that there were prosecutable offenses. The likely prosecution stems from a $1.3 billion deal jointly made by Shell and Italian rival Eni SpA to develop an oil field in the waters off Nigeria’s coast.
ENI SpA said that its Eni New Energy subsidiary has started building a 31-megawatt solar power plant in Sardinia in Italy.
On a per-share basis, the Rome-based company said it had profit of 32 cents. Earnings, adjusted for non-recurring costs, were 94 cents per share. The energy company posted revenue of $22.89 billion in ...
Eni (E) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
Eni (E) inks agreement with Mubadala Petroleum relating to the sale of a 20% participating interest of its share in the Nour North Sinai Offshore concession.
The Zacks Analyst Blog Highlights: Eni, Equinor, Enterprise Products, Energen and Phillips 66