Eni S.p.A. (NYSE:E) Receives $31.60 Average Price Target from Analysts

Eni S.p.A. (NYSE:E) has been given an average rating of “Hold” by the nine research firms that are currently covering the company, MarketBeat.com reports. Six 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 analysts that have issued a report on the stock in the last year is $31.60.

Several research firms have recently issued reports on E. Morgan Stanley restated an “equal weight” rating and set a $31.60 price objective (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. UBS Group cut ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Finally, StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Allworth Financial LP raised its position in ENI by 30.5% in the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock valued at $70,000 after purchasing an additional 581 shares during the period. R Squared Ltd purchased a new position in ENI in the fourth quarter valued at about $103,000. Jones Financial Companies Lllp raised its position in ENI by 93.4% in the fourth quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock valued at $122,000 after purchasing an additional 2,149 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in ENI in the third quarter valued at about $212,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in ENI by 7.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock valued at $201,000 after purchasing an additional 484 shares during the period. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Price Performance

Shares of NYSE:E opened at $29.19 on Thursday. The business’s fifty day moving average price is $28.03 and its two-hundred day moving average price is $29.71. The stock has a market cap of $49.27 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a one year low of $26.12 and a one year high of $33.78.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.