Eni SpA (NYSE:E) Given Consensus Recommendation of “Moderate Buy” by Analysts

Eni SpA (NYSE:E) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $42.30.

A number of research analysts have recently commented on E shares. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. raised shares of ENI from an “underweight” rating to an “overweight” rating in a research report on Monday, March 2nd. Erste Group Bank raised shares of ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a report on Monday, April 20th. Finally, Royal Bank Of Canada upped their price target on shares of ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th.

ENI Trading Up 0.8%

NYSE E opened at $54.00 on Wednesday. The company’s fifty day simple moving average is $54.75 and its 200-day simple moving average is $45.83. ENI has a 52 week low of $29.97 and a 52 week high of $58.00. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The stock has a market cap of $91.16 billion, a P/E ratio of 31.04, a PEG ratio of 0.23 and a beta of 0.38.

ENI (NYSE:E) last posted its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. The business had revenue of $23.22 billion for the quarter. Equities research analysts predict that ENI will post 6.08 EPS for the current fiscal year.

ENI Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 19th will be issued a $0.6313 dividend. This is a boost from ENI’s previous quarterly dividend of $0.61. This represents a $2.53 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, May 19th. ENI’s dividend payout ratio is currently 100.57%.

Institutional Trading of ENI

Several institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its holdings in ENI by 1.7% in the first quarter. Sei Investments Co. now owns 12,011 shares of the oil and gas exploration company’s stock valued at $680,000 after acquiring an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in ENI by 2.9% in the first quarter. EverSource Wealth Advisors LLC now owns 7,401 shares of the oil and gas exploration company’s stock valued at $419,000 after acquiring an additional 210 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in ENI by 2.0% in the first quarter. Checchi Capital Advisers LLC now owns 11,071 shares of the oil and gas exploration company’s stock valued at $627,000 after acquiring an additional 213 shares in the last quarter. Gallacher Capital Management LLC raised its holdings in ENI by 1.2% in the first quarter. Gallacher Capital Management LLC now owns 21,356 shares of the oil and gas exploration company’s stock valued at $1,209,000 after acquiring an additional 254 shares in the last quarter. Finally, MGO One Seven LLC raised its holdings in ENI by 2.3% in the fourth quarter. MGO One Seven LLC now owns 11,882 shares of the oil and gas exploration company’s stock valued at $451,000 after acquiring an additional 263 shares in the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

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.