This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Energy Stocks Trading at Discounts

Eni S.p.A. (E)

Eni is an Italian oil and natural gas company, with operations spread across Italy, Africa, the North Sea, the Gulf of Mexico, Kazakhstan and Australia. The company generates and trades electricity, refines oil and operates gasoline service stations.

Eni's strong presence in North Africa and the Middle East is likely to result in growth, according to Zacks Investment Research. Moreover, additional production is expected from acquired properties in the Gulf of Mexico and Congo as well as the buildup of gas production in Libya. The company's long-term fundamentals remain robust on the initiatives to expand and improve exploration and production activities.

For the first nine months of 2010, net profit zoomed 39%, despite challenging conditions in the gas market. For the full year, EPS is estimated at $1.90, and for 2011, it's estimated at $2.11, according to analysts polled by Bloomberg. In 2009, EPS was $1.15.

The stock is trading at an attractive forward P/E of 8.8. In comparison, Royal Dutch Shell (RDS.A) has a P/E of 10.7, while Tenaris (TS) has a P/E of 17.2 and Statoil (STO) has a P/E of 20.7.

3 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
ATW $28.74 0.00%
BP $43.05 -1.30%
CHK $14.54 0.00%
CVX $110.07 0.09%
JASO $10.15 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs