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

Eni S.p.A. (NYSE:E) has received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $39.60.

A number of analysts have recently commented on E shares. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a research report on Thursday, August 29th. Finally, Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd.

Hedge Funds Weigh In On ENI

Several institutional investors and hedge funds have recently bought and sold shares of the company. Caprock Group LLC boosted its holdings in ENI by 3.9% in the 3rd quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock valued at $279,000 after purchasing an additional 336 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 worth $75,000 after acquiring an additional 404 shares during the last quarter. Gallacher Capital Management LLC lifted its holdings in shares of ENI by 3.3% in the 2nd quarter. Gallacher Capital Management LLC now owns 15,726 shares of the oil and gas exploration company’s stock worth $484,000 after acquiring an additional 504 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of ENI by 7.6% in the 3rd quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock worth $247,000 after acquiring an additional 576 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of ENI by 5.9% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock worth $329,000 after acquiring an additional 608 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Stock Down 0.4 %

E opened at $28.07 on Friday. The stock has a market capitalization of $47.38 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.23 and a beta of 0.95. The company has a fifty day moving average of $30.27 and a two-hundred day moving average of $30.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a fifty-two week low of $27.79 and a fifty-two week high of $34.30.

ENI Company Profile

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.