Eni S.p.A. (NYSE:E) Receives $39.60 Consensus PT from Analysts

Shares of Eni S.p.A. (NYSE:E) have been given an average rating of “Moderate Buy” by the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $39.60.

Several research analysts recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective for the company in a research note on Thursday, August 29th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th.

Hedge Funds Weigh In On ENI

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in ENI in the 1st quarter worth about $74,000. GAMMA Investing LLC boosted its holdings in ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after buying an additional 404 shares during the last quarter. Toronto Dominion Bank acquired a new stake in ENI in the 1st quarter worth about $172,000. Wealth Enhancement Advisory Services LLC acquired a new stake in ENI in the 3rd quarter worth about $212,000. Finally, Pitcairn Co. acquired a new stake in ENI in the 1st quarter worth about $218,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Trading Up 0.0 %

NYSE:E opened at $29.93 on Tuesday. ENI has a one year low of $28.82 and a one year high of $34.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a market cap of $50.52 billion, a P/E ratio of 17.90, a P/E/G ratio of 1.41 and a beta of 0.95. The firm has a 50-day simple moving average of $30.97 and a 200-day simple moving average of $31.18.

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.