Eni SpA (NYSE:E) Receives Average Recommendation of “Hold” from Brokerages

Shares of Eni SpA (NYSE:E) have been assigned an average recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three 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 $34.60.

A number of analysts have weighed in on E shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut ENI from an “overweight” rating to an “underweight” rating in a research note on Friday, December 5th. Barclays reiterated an “overweight” rating on shares of ENI in a research report on Friday, December 12th. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Zacks Research downgraded shares of ENI from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 21st.

ENI Price Performance

Shares of E opened at $40.95 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. ENI has a fifty-two week low of $24.65 and a fifty-two week high of $41.08. The firm has a 50-day simple moving average of $37.92 and a 200-day simple moving average of $36.21. The company has a market capitalization of $69.19 billion, a price-to-earnings ratio of 22.38 and a beta of 0.61.

Hedge Funds Weigh In On ENI

Several institutional investors and hedge funds have recently added to or reduced their stakes in E. Natixis Advisors LLC boosted its stake in shares of ENI by 6.6% during the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after acquiring an additional 192,646 shares in the last quarter. American Century Companies Inc. raised its holdings in ENI by 33.2% during the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after purchasing an additional 158,699 shares during the last quarter. Capital Wealth Planning LLC acquired a new position in ENI during the third quarter worth $5,106,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ENI during the second quarter worth $3,982,000. Finally, Trek Financial LLC acquired a new stake in ENI in the third quarter valued at $4,128,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.