Eni S.p.A. (NYSE:E) Given Consensus Rating of “Moderate Buy” by Brokerages

Eni S.p.A. (NYSE:E) has received an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $39.60.

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th.

ENI Price Performance

Shares of NYSE E opened at $26.95 on Wednesday. The stock’s 50-day simple moving average is $28.80 and its 200-day simple moving average is $30.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a market capitalization of $45.49 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. ENI has a fifty-two week low of $26.12 and a fifty-two week high of $34.30.

Institutional Investors Weigh In On ENI

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Natixis Advisors LLC increased its position in ENI by 12.8% during the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after purchasing an additional 288,968 shares during the last quarter. FMR LLC raised its position in shares of ENI by 33.5% in the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after buying an additional 146,431 shares during the period. Raymond James & Associates boosted its holdings in ENI by 0.7% in the third quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock valued at $15,274,000 after acquiring an additional 3,738 shares during the last quarter. American Century Companies Inc. grew its position in ENI by 7.3% during the second quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock valued at $10,263,000 after acquiring an additional 22,695 shares during the period. Finally, Marshall Wace LLP acquired a new stake in ENI during the second quarter worth about $6,875,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

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.