Eni SpA (NYSE:E) Receives $34.60 Average Price Target from Analysts

by · The Cerbat Gem

Shares of Eni SpA (NYSE:E – Get Free Report) have received a consensus rating of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $34.60.

E has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered shares of ENI from an “overweight” rating to an “underweight” rating in a research note on Friday, December 5th. Wall Street Zen raised ENI from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Morgan Stanley set a $34.60 target price on ENI in a research report on Wednesday, September 3rd. Jefferies Financial Group upgraded ENI to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of ENI in a research note on Tuesday, November 4th.

View Our Latest Report on ENI

Institutional Trading of ENI

Hedge funds and other institutional investors have recently modified their holdings of the stock. Natixis Advisors LLC raised its holdings in shares of ENI by 6.6% in the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock valued at $108,824,000 after purchasing an additional 192,646 shares during the period. Cambiar Investors LLC increased its position in ENI by 1,165.9% during the first quarter. Cambiar Investors LLC now owns 179,182 shares of the oil and gas exploration company’s stock worth $5,542,000 after buying an additional 165,027 shares during the last quarter. American Century Companies Inc. raised its stake in ENI by 33.2% in the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after buying an additional 158,699 shares during the period. Capital Wealth Planning LLC bought a new stake in ENI in the third quarter valued at approximately $5,106,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of ENI in the second quarter valued at approximately $3,982,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Price Performance

NYSE E opened at $37.58 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. The stock has a market cap of $63.44 billion, a price-to-earnings ratio of 20.54 and a beta of 0.62. The business has a 50 day simple moving average of $36.65 and a 200 day simple moving average of $34.77. ENI has a 52-week low of $24.65 and a 52-week high of $38.47.

ENI (NYSE:E – Get Free Report) last announced its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. ENI had a net margin of 3.20% and a return on equity of 8.53%. The firm had revenue of $24.11 billion for the quarter, compared to analyst estimates of $19.88 billion. Analysts anticipate that ENI will post 3.74 earnings per share for the current fiscal year.

About ENI

(Get Free Report)

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.

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