Eni SpA (NYSE:E) Receives $42.30 Consensus PT from Analysts

Eni SpA (NYSE:E) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $42.30.

E has been the subject of a number of research analyst reports. Weiss Ratings downgraded ENI from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Zacks Research lowered ENI from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. BNP Paribas Exane raised shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price for the company in a report on Friday, April 17th. Rothschild & Co Redburn upgraded shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, Erste Group Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th.

Hedge Funds Weigh In On ENI

A number of institutional investors have recently added to or reduced their stakes in E. DV Equities LLC acquired a new position in ENI during the fourth quarter worth $35,000. Manchester Capital Management LLC boosted its position in shares of ENI by 56.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after acquiring an additional 437 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of ENI in the third quarter valued at about $47,000. Larson Financial Group LLC increased its position in ENI by 37.5% during the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after purchasing an additional 378 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in ENI during the third quarter worth about $48,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Down 3.4%

Shares of NYSE E opened at $50.60 on Thursday. The firm has a market cap of $85.41 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 0.28 and a beta of 0.40. The company’s 50-day simple moving average is $50.68 and its 200-day simple moving average is $49.29. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. ENI has a 52-week low of $33.74 and a 52-week high of $58.00.

ENI (NYSE:E) last released its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. The firm had revenue of $23.22 billion during the quarter. Equities analysts predict that ENI will post 5.06 EPS for the current fiscal year.

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.