Image Source: Eni () is an integrated oil and gas company that explores, produces, and refines oil around the world.In 2022, the company produced 0.8 million barrels of liquids and 4.5 billion cubic feet of natural gas per day. At end-2022, Eni held reserves of 6.6 billion barrels of oil equivalent, 48% of which are liquids.The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.The company was founded in 1953 and is headquartered in Rome, Italy.Three key data points gaugeEni or any dividend-paying firm.The key three are:(1) Price(2) Dividends(3) ReturnsThose three basic keys best tell whether any company has made, is making, and will make money.E PriceOver the past year, Eni’s share price rose 13.6% from $28.00 to $31.81 as of Monday’s market close.If E shares trade in the range of $26.00 to $36.00 this next year, its recent $31.81 share price might rise to $33.00 by next year. Of course, E’s price could drop about the same $1.19 estimated amount or more.My annual upside estimate of $1.19 however, is about $0.03 above the median of one-year price targets set by three analysts tracking the stock for brokers.E DividendEni S.p.A. paid variable annual dividends since July 1996, then semi-annual dividends after June 2005, and now quarterly dividends since April 2023. E’s most recent Q dividend of $0.52 was declaredFebruary 24 for shareholders of record March 18th and payout is made April 8th.A forward-looking $2.07 annual dividend yields 6.52% at Monday’s $31.81 share price.E ReturnsTo put it all together, add the Eni estimated annual dividend of $2.07 to the estimated price upside of $1.19 to find a $3.26 estimated gross gain for the coming year.At Monday’s $31.81 share price, a little over $1000 would buy 32 shares.A $10 broker fee (if charged), paid half at purchase and half at sale, would cost us about $0.31 per share.Subtracting that likely $0.31 brokerage cost from the $3.26 gross gain reveals a net gain of $2.95 X 32 shares = $94.40 for a 9.5% estimated net gain on the year.You might choose to pounce on Eni S.p.A. It is a 71-year-old dividend-paying Italian Integrated oil and gas company. Furthermore, the estimated $65.20 annual dividend income from $1k invested is over 2 times greater than Eni’s recent $31.81 single share price.The exact track of Eni S.p.A.’s ongoing future price and dividend will be determined by market action.Remember the true value of any stock is best realized through personal ownership of shares.More By This Author:
Current Analysis: Eni
