Eni S.p.A. (NYSE:E) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Eni S.p.A. (NYSE:E) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $39.60.

A number of research analysts recently issued reports on E shares. Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a research note on Thursday, August 29th. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Finally, BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th.

Institutional Investors Weigh In On ENI

A number of hedge funds have recently added to or reduced their stakes in E. Manning & Napier Advisors LLC acquired a new position in ENI in the second quarter valued at about $3,764,000. Lighthouse Investment Partners LLC acquired a new position in ENI during the second quarter worth $3,079,000. Allspring Global Investments Holdings LLC boosted its stake in shares of ENI by 138.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock worth $171,000 after buying an additional 3,218 shares during the last quarter. Atomi Financial Group Inc. grew its stake in ENI by 12.9% in the first quarter. Atomi Financial Group Inc. now owns 7,195 shares of the oil and gas exploration company’s stock valued at $228,000 after purchasing an additional 820 shares in the last quarter. Finally, Norden Group LLC bought a new position in shares of ENI in the first quarter valued at $437,000. Institutional investors own 1.18% of the company’s stock.

ENI Stock Up 0.7 %

ENI stock opened at $31.25 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. ENI has a 1-year low of $28.82 and a 1-year high of $34.30. The firm’s fifty day simple moving average is $31.50 and its 200-day simple moving average is $31.49. The company has a market capitalization of $52.75 billion, a P/E ratio of 13.47, a P/E/G ratio of 1.34 and a beta of 0.96.

ENI (NYSE:E) last posted its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.14). The company had revenue of $24.82 billion for the quarter, compared to the consensus estimate of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. Sell-side analysts forecast that ENI will post 4.18 earnings per share for the current fiscal 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.