Eni S.p.A. (NYSE:E) Receives $31.60 Consensus Price Target from Analysts

Eni S.p.A. (NYSE:E) has been given a consensus rating of “Hold” by the nine research firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $31.60.

Several research firms have issued reports on E. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. UBS Group lowered ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th. Finally, Morgan Stanley restated an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th.

ENI Stock Down 1.3 %

NYSE:E opened at $28.56 on Friday. ENI has a twelve month low of $26.12 and a twelve month high of $33.78. The company has a market cap of $48.21 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.86 and a beta of 0.93. The stock has a fifty day simple moving average of $28.05 and a 200-day simple moving average of $30.07. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

ENI (NYSE:E) last announced its quarterly earnings results on Friday, October 25th. The oil and gas exploration company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.03). The firm had revenue of $23.10 billion for the quarter, compared to analysts’ expectations of $23.40 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%. Analysts anticipate that ENI will post 3.85 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in ENI by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock valued at $93,000 after purchasing an additional 633 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in ENI during the third quarter worth about $212,000. Townsquare Capital LLC acquired a new position in ENI during the third quarter worth about $231,000. Allspring Global Investments Holdings LLC grew its stake in ENI by 38.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company’s stock valued at $233,000 after acquiring an additional 2,155 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in ENI in the 4th quarter valued at about $216,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.