Eni S.p.A. (NYSE:E) Receives Average Recommendation of “Moderate Buy” from Analysts

Eni S.p.A. (NYSE:E) has earned an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $39.60.

Several research analysts have commented on E shares. Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” 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 price target on the stock in a report on Thursday, August 29th.

ENI Stock Down 0.0 %

E opened at $32.05 on Monday. ENI has a 12 month low of $28.82 and a 12 month high of $34.30. The company has a market cap of $54.10 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $31.46 and a 200 day moving average of $31.54.

ENI (NYSE:E) last posted its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). The company had revenue of $24.82 billion during the quarter, compared to the consensus estimate of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. On average, sell-side analysts expect that ENI will post 4.18 EPS for the current year.

Institutional Trading of ENI

A number of hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. lifted its position in ENI by 365.8% in the 4th quarter. Optiver Holding B.V. now owns 335,353 shares of the oil and gas exploration company’s stock worth $11,405,000 after buying an additional 263,362 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of ENI in the 2nd quarter worth approximately $6,875,000. Manning & Napier Advisors LLC purchased a new stake in shares of ENI in the 2nd quarter valued at $3,764,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of ENI during the 2nd quarter valued at $3,141,000. Finally, Lighthouse Investment Partners LLC purchased a new position in ENI in the 2nd quarter worth $3,079,000. 1.18% of the stock is owned by 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.