Analysts Set Eni S.p.A. (NYSE:E) Price Target at $39.60

Shares of Eni S.p.A. (NYSE:E) have received an average rating of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $39.60.

E has been the subject of several recent research reports. Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Tuesday, October 15th.

ENI Trading Up 1.3 %

Shares of E opened at $26.95 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. ENI has a 12 month low of $26.12 and a 12 month high of $34.30. The stock has a market cap of $45.49 billion, a PE ratio of 16.14, a P/E/G ratio of 1.68 and a beta of 0.93. The stock’s 50-day moving average is $28.80 and its two-hundred day moving average is $30.32.

Institutional Trading of ENI

A number of institutional investors and hedge funds have recently modified their holdings of E. Caprock Group LLC lifted its holdings in ENI by 3.9% in the third quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock worth $279,000 after purchasing an additional 336 shares during the period. Gallacher Capital Management LLC lifted its stake in shares of ENI by 3.3% in the 2nd quarter. Gallacher Capital Management LLC now owns 15,726 shares of the oil and gas exploration company’s stock worth $484,000 after acquiring an additional 504 shares during the period. MML Investors Services LLC increased its stake in shares of ENI by 7.6% during the third quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock valued at $247,000 after acquiring an additional 576 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in ENI by 5.9% during the third quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock worth $329,000 after purchasing an additional 608 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in 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 worth $393,000 after purchasing an additional 626 shares during the period. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Company Profile

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.