Eni S.p.A. (NYSE:E) Receives $39.60 Consensus Price Target from Analysts

Shares of Eni S.p.A. (NYSE:E) have been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $39.60.

Several analysts have issued reports on E shares. Stifel Nicolaus downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Tuesday. Finally, BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th.

Institutional Investors Weigh In On ENI

A number of hedge funds have recently added to or reduced their stakes in the business. Raymond James & Associates increased its position in shares of ENI by 1.0% in the 2nd quarter. Raymond James & Associates now owns 500,182 shares of the oil and gas exploration company’s stock valued at $15,401,000 after purchasing an additional 4,882 shares during the last quarter. American Century Companies Inc. increased its position in shares of ENI by 7.3% in the 2nd 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 purchasing an additional 22,695 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of ENI in the 2nd quarter valued at approximately $6,875,000. Cambiar Investors LLC increased its position in shares of ENI by 3.2% in the 2nd quarter. Cambiar Investors LLC now owns 197,960 shares of the oil and gas exploration company’s stock valued at $6,095,000 after purchasing an additional 6,121 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in shares of ENI by 8.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 196,196 shares of the oil and gas exploration company’s stock valued at $6,041,000 after purchasing an additional 15,039 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Price Performance

NYSE E opened at $30.45 on Friday. The business’s fifty day moving average price is $31.52 and its 200-day moving average price is $31.48. The stock has a market capitalization of $51.40 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.37 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09. ENI has a 1-year low of $28.82 and a 1-year high of $34.30.

ENI (NYSE:E) last posted its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.14). ENI had a return on equity of 11.84% and a net margin of 4.21%. The company had revenue of $24.82 billion during the quarter, compared to analysts’ expectations of $25.74 billion. On average, equities analysts predict that ENI will post 3.95 earnings per share for the current year.

About ENI

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.