Eni SpA (NYSE:E) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Eni SpA (NYSE:E) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $42.30.

E has been the subject of a number of research analyst reports. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. Zacks Research raised ENI from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Erste Group Bank downgraded ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Wall Street Zen raised ENI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut ENI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday.

Institutional Investors Weigh In On ENI

Hedge funds and other institutional investors have recently modified their holdings of the company. DV Equities LLC acquired a new stake in ENI during the fourth quarter worth approximately $35,000. Manchester Capital Management LLC grew its position in shares of ENI by 56.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 437 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of ENI in the 3rd quarter valued at $47,000. Larson Financial Group LLC raised its holdings in shares of ENI by 37.5% in the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after buying an additional 378 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in ENI in the 3rd quarter valued at about $48,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Stock Performance

Shares of NYSE:E opened at $56.55 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05. The business’s 50 day moving average price is $51.01 and its 200-day moving average price is $51.31. The firm has a market capitalization of $95.45 billion, a PE ratio of 14.46, a P/E/G ratio of 0.26 and a beta of 0.39. ENI has a 1 year low of $34.03 and a 1 year high of $58.00.

ENI (NYSE:E) last announced its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The firm had revenue of $25.87 billion during the quarter, compared to analyst estimates of $27.93 billion. ENI had a net margin of 6.51% and a return on equity of 11.27%. As a group, equities research analysts expect that ENI will post 5.76 earnings per share for the current fiscal year.

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.