Analysts Set Eni SpA (NYSE:E) Price Target at $34.60

Shares of Eni SpA (NYSE:E) have been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $34.60.

Several equities analysts have recently issued reports on E shares. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Hsbc Global Res downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Zacks Research downgraded shares of ENI from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Finally, UBS Group upgraded shares of ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of E. Bessemer Group Inc. lifted its holdings in shares of ENI by 5.1% during the third quarter. Bessemer Group Inc. now owns 5,904 shares of the oil and gas exploration company’s stock valued at $206,000 after purchasing an additional 284 shares in the last quarter. DAVENPORT & Co LLC raised its position in ENI by 2.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 10,667 shares of the oil and gas exploration company’s stock worth $373,000 after buying an additional 294 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in ENI by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock valued at $366,000 after acquiring an additional 326 shares during the period. CWM LLC boosted its holdings in shares of ENI by 5.7% during the 4th quarter. CWM LLC now owns 6,256 shares of the oil and gas exploration company’s stock valued at $237,000 after acquiring an additional 340 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its holdings in shares of ENI by 5.0% during the 3rd quarter. United Capital Financial Advisors LLC now owns 7,245 shares of the oil and gas exploration company’s stock valued at $253,000 after acquiring an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Down 2.0%

E stock opened at $40.87 on Thursday. The business has a 50 day moving average of $38.08 and a 200 day moving average of $36.32. The firm has a market cap of $70.35 billion, a PE ratio of 22.33 and a beta of 0.61. ENI has a twelve month low of $24.65 and a twelve month high of $42.03. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.