Eni S.p.A. (NYSE:E) Receives $39.60 Average Price Target from Brokerages

Shares of Eni S.p.A. (NYSE:E) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $39.60.

Several equities research analysts have weighed in on E shares. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Stifel Nicolaus downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Redburn Atlantic upgraded shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. Finally, Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a research note on Thursday, August 29th.

ENI Stock Performance

Shares of NYSE:E opened at $31.35 on Friday. The firm has a market cap of $52.92 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96. The firm’s 50 day simple moving average is $31.50 and its 200-day simple moving average is $31.49. ENI has a one year low of $28.82 and a one year high of $34.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28.

ENI (NYSE:E) last issued its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). The company had revenue of $24.82 billion for the quarter, compared to analysts’ expectations of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. As a group, equities analysts predict that ENI will post 3.95 EPS for the current year.

Institutional Trading of ENI

Several large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in ENI in the 1st quarter valued at about $74,000. GAMMA Investing LLC boosted its holdings in ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after purchasing an additional 404 shares during the last quarter. Toronto Dominion Bank acquired a new position in ENI in the 1st quarter valued at about $172,000. Arkadios Wealth Advisors acquired a new position in ENI in the 1st quarter valued at about $218,000. Finally, Pitcairn Co. acquired a new position in ENI in the 1st quarter valued at about $218,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.