Eni SpA (NYSE:E) Given Consensus Rating of “Hold” by Analysts

Shares of Eni SpA (NYSE:E) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $31.60.

Several research analysts recently issued reports on E shares. Kepler Capital Markets cut shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 20th. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research report on Friday, July 11th. Finally, Redburn Atlantic cut ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, April 23rd.

Institutional Investors Weigh In On ENI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. increased its position in shares of ENI by 13.1% during the fourth quarter. Invesco Ltd. now owns 33,464 shares of the oil and gas exploration company’s stock valued at $916,000 after acquiring an additional 3,877 shares during the last quarter. GAMMA Investing LLC increased its holdings in ENI by 76.8% in the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company’s stock valued at $104,000 after purchasing an additional 1,467 shares during the last quarter. Millennium Management LLC raised its position in ENI by 215.8% in the fourth quarter. Millennium Management LLC now owns 327,201 shares of the oil and gas exploration company’s stock valued at $8,952,000 after purchasing an additional 223,597 shares during the period. Optiver Holding B.V. lifted its stake in ENI by 1,885.2% during the fourth quarter. Optiver Holding B.V. now owns 273,042 shares of the oil and gas exploration company’s stock worth $7,470,000 after purchasing an additional 259,288 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of ENI by 10.4% during the first quarter. Janney Montgomery Scott LLC now owns 9,936 shares of the oil and gas exploration company’s stock worth $307,000 after buying an additional 937 shares during the period. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Trading Down 0.8%

ENI stock opened at $32.99 on Friday. ENI has a one year low of $24.65 and a one year high of $33.56. The stock has a market cap of $55.69 billion, a PE ratio of 19.75 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.16. The stock has a 50-day moving average of $31.35 and a two-hundred day moving average of $29.65.

ENI (NYSE:E) last posted its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. ENI had a net margin of 2.85% and a return on equity of 9.16%. The business had revenue of $25.61 billion during the quarter, compared to analysts’ expectations of $25.52 billion. On average, research analysts anticipate that ENI will post 3.74 EPS for the current fiscal year.

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.