Eni S.p.A. (NYSE:E) Given Consensus Rating of “Hold” by Analysts

Shares of Eni S.p.A. (NYSE:E) have been assigned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $31.60.

Several analysts have commented on E shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $31.60 price objective (down from $37.50) on shares of ENI in a research note on Tuesday, January 7th. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Finally, UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th.

ENI Stock Down 0.9 %

E opened at $29.19 on Thursday. The business has a 50 day moving average price of $28.03 and a two-hundred day moving average price of $29.71. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a market cap of $49.27 billion, a PE ratio of 17.48, a P/E/G ratio of 1.91 and a beta of 0.92. ENI has a 52 week low of $26.12 and a 52 week high of $33.78.

Institutional Investors Weigh In On ENI

A number of institutional investors and hedge funds have recently modified their holdings of the company. Caprock Group LLC grew its holdings in shares of 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 worth $279,000 after acquiring an additional 336 shares during the period. Envestnet Portfolio Solutions Inc. grew 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 acquiring an additional 484 shares during the period. Corient Private Wealth LLC grew its holdings in ENI by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company’s stock valued at $1,347,000 after buying an additional 488 shares during the last quarter. Signaturefd LLC grew its holdings in ENI by 2.1% during the 4th quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company’s stock valued at $717,000 after buying an additional 532 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in ENI by 7.6% during the 3rd quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock valued at $247,000 after buying an additional 576 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

About ENI

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.