Eni SPA (E) has announced the finalization of its expansive share repurchase program for 2024, setting aside a substantial €1.6 billion ($1.7 billion) with a potential expansion of up to €3.5 billion ($3.8 billion). The initiative is planned to be completed by April 2025, illustrating Eni's commitment to enhancing shareholder value. As part of the initial phase of the buyback, Eni will acquire up to 6.4 million of its shares, representing 0.2% of its share capital. This first tranche, valued at a maximum of ...

Eni SpA (E) , a prominent player in the Italian energy sector, is considering the sale of a 20% stake in its Enilive biorefining unit, following a display of interest from potential buyers, per a Bloomberg report on Wednesday. The discussions are still in the preliminary stages, and Eni is evaluating various options for the unit, which has an estimated value of €10 billion. Enilive's Operations and Financial Performance The Enilive business includes biorefining and biomethane assets, along with mobility sol ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Finally, we should also recognize that E has a P/CF ratio of 4.26. This metric takes into account a company's operating cash flow and can be used to find stocks that are un ...

Strategic and Environmental Implications The investment aligns with the global push toward decarbonization. Over the past five years, biofuel demand has surged nearly 6% annually, driven by the transport sector's quest for sustainable solutions. Projections indicate that in a net-zero by 2050 scenario, biofuel use in transportation could more than double to 9% by 2030. Although the production of sustainable biofuels is currently more costly than traditional fuels, advancements in technology and increased ca ...

Eni SpA (E) is seeing a €1.4-billion ($1.52 billion) stake sold by Italy as part of the nation's broader strategy to reduce its substantial debt, per a Bloomberg report. The sale involves 2.8% of Eni's shares and is being conducted through an accelerated book building process. Under the leadership of prime minister Giorgia Meloni, the Italian government has embarked on an ambitious plan to divest around €20 billion worth of state-held assets by 2026. The extensive privatization strategy includes stakes in o ...

Investors with an interest in Oil and Gas - Integrated - International stocks have likely encountered both Eni SpA (E) and Fuchs Petrolub SE Unsponsored ADR (FUPBY) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive ...

Here are two stocks with buy rank and strong income characteristics for investors to consider today, April 30:SSR Mining Inc. (SSRM) : This precious metals mining company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 38.5% the last 60 days.This Zacks Rank #1 company has a dividend yield of 3.8%, compared with the industry average of 0.0%.Eni S.p.A. (E) : This integrated energy company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5. ...

Eni SpA (E) has made a significant move by agreeing to divest the majority of its upstream assets in the U.K. to Ithaca Energy.The transaction, valued at approximately £754 million, is structured as an all-stock deal. This agreement does not include Eni’s East Irish Sea assets and its carbon capture, utilization and storage activities in the U.K.Through this acquisition, Ithaca Energy will take over Eni U.K.’s operated and non-operated interests in various producing fields. This includes a substantial 38.75 ...

Company Participants Operator Francesco Gattei Good afternoon, ladies and gentlemen, and welcome to Eni's 2024 First Quarter Results Conference Call, hosted by Mr. Francesco Gattei, Chief Financial Officer. For the duration of the call, you will be in listen-only mode. However, at the end of the call, youÂ'll have the opportunity to ask questions. [Operator Instructions] Thank you. Good afternoon, and welcome to Eni quarter one 2024 results conference call. Our first quarter is an excellent result. We have ...

Eni SpA (E) has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.The company, with a Zacks Rank #3 (Hold) at present, has gained 10.7% over the past year compared with 5.6% growth of the composite stocks belonging to the industry. Image Source: Zacks Investment Research What’s Favoring the Stock?Strategic Asset OptimizationEni has demonstrated a commitment to optimizing its asset portfolio through strategic acquisitions and divestitures, significantly enhancing its business ...