Eni S.p.A. (NYSE:E) Receives $39.60 Average PT from Brokerages

Shares of Eni S.p.A. (NYSE:E) have been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $39.60.

E has been the subject of several recent analyst reports. Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Redburn Atlantic upgraded shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target for the company in a research note on Thursday, August 29th. Finally, BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th.

Institutional Investors Weigh In On ENI

Several large investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in shares of ENI by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after purchasing an additional 404 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of ENI by 5.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,101 shares of the oil and gas exploration company’s stock valued at $310,000 after buying an additional 439 shares during the period. Private Advisor Group LLC raised its stake in shares of ENI by 3.5% in the fourth quarter. Private Advisor Group LLC now owns 13,852 shares of the oil and gas exploration company’s stock valued at $471,000 after buying an additional 466 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of ENI by 0.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 58,884 shares of the oil and gas exploration company’s stock valued at $1,868,000 after buying an additional 470 shares during the last quarter. Finally, Gallacher Capital Management LLC grew its stake in shares of ENI by 3.3% during 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. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Stock Performance

Shares of ENI stock opened at $32.05 on Monday. The stock has a market cap of $54.10 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 1.26 and a beta of 0.96. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. ENI has a twelve month low of $28.82 and a twelve month high of $34.30. The company’s fifty day moving average is $31.46 and its 200 day moving average is $31.54.

ENI (NYSE:E) last announced its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.14). The company had revenue of $24.82 billion during 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 EPS for the current year.

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.