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

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

Several research analysts have recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Finally, StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a report on Tuesday.

ENI Stock Performance

NYSE E opened at $28.96 on Thursday. ENI has a fifty-two week low of $26.12 and a fifty-two week high of $33.78. The firm has a market capitalization of $48.88 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92. The stock’s fifty day moving average is $27.91 and its two-hundred day moving average is $29.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27.

Institutional Investors Weigh In On ENI

A number of institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in shares of ENI during the second quarter worth $369,000. Carnegie Investment Counsel acquired a new position in ENI during the 3rd quarter worth about $253,000. Creative Planning boosted its holdings in ENI by 21.5% during the 3rd quarter. Creative Planning now owns 56,929 shares of the oil and gas exploration company’s stock valued at $1,726,000 after acquiring an additional 10,084 shares during the period. Bleakley Financial Group LLC grew its position in ENI by 6.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 18,266 shares of the oil and gas exploration company’s stock valued at $554,000 after acquiring an additional 1,047 shares in the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new stake in ENI during the third quarter worth about $239,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

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.