Eni S.p.A. (NYSE:E) Receives $31.60 Consensus PT from Analysts

Shares of Eni S.p.A. (NYSE:E) have been given an average recommendation of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $31.60.

Several research analysts recently commented on the stock. UBS Group cut shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $31.60 target price (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Finally, StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a research note on Wednesday, January 15th.

Institutional Investors Weigh In On ENI

Several institutional investors and hedge funds have recently bought and sold shares of E. American Century Companies Inc. boosted its position in ENI by 7.3% during the 2nd quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock worth $10,263,000 after buying an additional 22,695 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in ENI by 6.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,245 shares of the oil and gas exploration company’s stock valued at $315,000 after purchasing an additional 645 shares during the period. Massachusetts Financial Services Co. MA raised its position in ENI by 8.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 196,196 shares of the oil and gas exploration company’s stock worth $6,041,000 after purchasing an additional 15,039 shares during the last quarter. Sei Investments Co. grew its position in shares of ENI by 11.2% in the 2nd quarter. Sei Investments Co. now owns 8,177 shares of the oil and gas exploration company’s stock valued at $252,000 after buying an additional 823 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in shares of ENI by 5.2% in the second quarter. Evergreen Capital Management LLC now owns 12,753 shares of the oil and gas exploration company’s stock valued at $393,000 after buying an additional 626 shares during the period. Institutional investors own 1.18% of the company’s stock.

ENI Price Performance

E stock opened at $28.33 on Friday. The stock has a 50-day moving average price of $28.01 and a two-hundred day moving average price of $30.03. ENI has a 1 year low of $26.12 and a 1 year high of $33.78. The stock has a market cap of $47.83 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.85 and a beta of 0.93. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

ENI (NYSE:E) last released its earnings results on Friday, October 25th. The oil and gas exploration company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.03). The firm had revenue of $23.10 billion during the quarter, compared to the consensus estimate of $23.40 billion. ENI had a net margin of 2.76% and a return on equity of 11.03%. Equities analysts forecast that ENI will post 3.76 EPS for the current fiscal year.

ENI Company Profile

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.