Analysts Set Eni S.p.A. (NYSE:E) Price Target at $31.60

Eni S.p.A. (NYSE:E) has received a consensus rating of “Hold” from the nine research firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $31.60.

E has been the topic of several research reports. Morgan Stanley reissued an “equal weight” rating and issued a $31.60 target price (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. UBS Group lowered ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Finally, StockNews.com raised ENI from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th.

Institutional Trading of ENI

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allworth Financial LP grew its position in ENI by 30.5% during the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock worth $70,000 after buying an additional 581 shares in the last quarter. R Squared Ltd purchased a new position in shares of ENI in the 4th quarter worth about $103,000. Jones Financial Companies Lllp boosted its holdings in shares of ENI by 93.4% in the 4th quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock worth $122,000 after purchasing an additional 2,149 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ENI in the 3rd quarter worth about $212,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of ENI by 7.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock worth $201,000 after purchasing an additional 484 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors.

ENI Price Performance

E stock opened at $29.32 on Thursday. The stock has a market cap of $49.49 billion, a PE ratio of 17.56, a P/E/G ratio of 1.85 and a beta of 0.92. 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 has a 12 month low of $26.12 and a 12 month high of $33.78. The company has a 50-day moving average price of $27.96 and a 200 day moving average price of $29.77.

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.