ENI (NYSE:E) Price Target Increased to €19.00 by Analysts at JPMorgan Chase & Co.

ENI (NYSE:E) had its target price raised by stock analysts at JPMorgan Chase & Co. from €18.00 ($20.45) to €19.00 ($21.59) in a report released on Friday, The Fly reports.

E has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ENI in a research note on Tuesday, November 2nd. Sanford C. Bernstein upgraded ENI from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 4th. Tudor Pickering restated a “hold” rating and set a C$16.00 price objective on shares of ENI in a research note on Friday, October 15th. Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 14th. Finally, Societe Generale reissued a “buy” rating on shares of ENI in a research report on Tuesday, November 2nd. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $40.60.

Shares of E traded up $0.70 during mid-day trading on Friday, reaching $30.34. The company had a trading volume of 24,561 shares, compared to its average volume of 358,654. The stock has a market cap of $54.70 billion, a price-to-earnings ratio of 29.75, a price-to-earnings-growth ratio of 1.05 and a beta of 1.03. The firm has a fifty day simple moving average of $28.01 and a 200-day simple moving average of $26.30. ENI has a fifty-two week low of $19.76 and a fifty-two week high of $30.00. The company has a current ratio of 1.23, a quick ratio of 1.10 and a debt-to-equity ratio of 0.53.

ENI (NYSE:E) last released its quarterly earnings data on Friday, October 29th. The oil and gas exploration company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.72 by $0.21. ENI had a return on equity of 6.85% and a net margin of 2.53%. The company had revenue of $22.70 billion for the quarter. As a group, equities analysts predict that ENI will post 3.01 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Liberty Wealth Management LLC increased its holdings in shares of ENI by 2,339.3% in the 2nd quarter. Liberty Wealth Management LLC now owns 683 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 655 shares during the period. Moors & Cabot Inc. acquired a new position in shares of ENI in the 3rd quarter valued at about $251,000. Edmond DE Rothschild Holding S.A. acquired a new position in ENI in the second quarter worth approximately $149,000. LPL Financial LLC acquired a new position in ENI in the third quarter worth approximately $203,000. Finally, Raymond James Trust N.A. acquired a new position in ENI in the third quarter worth approximately $204,000. Hedge funds and other institutional investors own 1.12% of the company’s stock.

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, Eni gas e luce, Power & Renewables, and Corporate and Other Activities.

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