Several other analysts have also recently weighed in on E. Zacks Investment Research cut shares of ENI from a buy rating to a hold rating in a report on Tuesday, January 23rd. Deutsche Bank reiterated a neutral rating on shares of ENI in a report on Tuesday, February 20th. Royal Bank of Canada cut shares of ENI from an outperform rating to a sector perform rating and lifted their price target for the company from $29.44 to $34.24 in a report on Monday, February 26th. Barclays upgraded shares of ENI from an underweight rating to an equal weight rating in a report on Thursday, May 17th. Finally, UBS upgraded shares of ENI from a neutral rating to a buy rating in a report on Friday, May 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $31.41.
Shares of ENI stock opened at $37.31 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.27 and a debt-to-equity ratio of 0.41. ENI has a 52-week low of $29.44 and a 52-week high of $40.15. The company has a market capitalization of $68.49 billion, a PE ratio of 24.71, a PEG ratio of 0.87 and a beta of 0.87.
ENI (NYSE:E) last issued its earnings results on Wednesday, March 7th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.20. The firm had revenue of $24.59 billion for the quarter. ENI had a net margin of 4.93% and a return on equity of 5.63%. analysts predict that ENI will post 2.66 EPS for the current year.
The company also recently disclosed a semiannual dividend, which will be paid on Thursday, June 7th. Shareholders of record on Tuesday, May 22nd will be given a dividend of $0.6444 per share. This represents a yield of 3.72%. The ex-dividend date is Monday, May 21st. ENI’s dividend payout ratio is currently 60.26%.
A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp lifted its position in ENI by 6.9% during the first quarter. Northern Trust Corp now owns 1,414,743 shares of the oil and gas exploration company’s stock valued at $49,984,000 after buying an additional 90,827 shares during the period. Royal Bank of Canada lifted its position in ENI by 11.2% during the first quarter. Royal Bank of Canada now owns 713,755 shares of the oil and gas exploration company’s stock valued at $25,217,000 after buying an additional 71,793 shares during the period. Franklin Resources Inc. lifted its position in ENI by 46.3% during the first quarter. Franklin Resources Inc. now owns 452,661 shares of the oil and gas exploration company’s stock valued at $15,993,000 after buying an additional 143,292 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in ENI by 223.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 440,028 shares of the oil and gas exploration company’s stock valued at $14,605,000 after buying an additional 304,128 shares during the period. Finally, Wedge Capital Management L L P NC lifted its position in ENI by 4.7% during the fourth quarter. Wedge Capital Management L L P NC now owns 427,429 shares of the oil and gas exploration company’s stock valued at $14,186,000 after buying an additional 19,144 shares during the period. 1.76% of the stock is owned by institutional investors and hedge funds.
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.
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