Brokerages Set Eni S.p.A. (NYSE:E) PT at $39.60

Shares of Eni S.p.A. (NYSE:E) have been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.60.

E has been the topic of several analyst reports. Redburn Atlantic raised shares of ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Finally, Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price on the stock in a report on Thursday, August 29th.

Institutional Trading of ENI

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of ENI in the 1st quarter valued at approximately $74,000. GAMMA Investing LLC raised its position 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 valued at $75,000 after acquiring an additional 404 shares during the period. Barometer Capital Management Inc. bought a new stake in ENI during the 4th quarter worth approximately $119,000. Toronto Dominion Bank bought a new stake in ENI during the 1st quarter worth approximately $172,000. Finally, Arkadios Wealth Advisors bought a new stake in ENI during the 1st quarter worth approximately $218,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Price Performance

NYSE:E opened at $31.68 on Monday. The stock has a market cap of $53.47 billion, a P/E ratio of 13.66, a PEG ratio of 1.26 and a beta of 0.96. ENI has a one year low of $28.82 and a one year high of $34.30. The company has a fifty day moving average price of $31.42 and a 200 day moving average price of $31.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09.

ENI (NYSE:E) last released its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.14). The company had revenue of $24.82 billion for the quarter, compared to analyst estimates of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. Analysts anticipate that ENI will post 4.18 earnings per share for the current year.

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.