Eni SpA (NYSE:E) Receives $42.30 Consensus Target Price from Analysts

Eni SpA (NYSE:E) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $42.30.

A number of research analysts have recently commented on E shares. Weiss Ratings lowered shares of ENI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Dbs Bank raised ENI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 28th. Erste Group Bank downgraded ENI from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th.

Institutional Trading of ENI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. DV Equities LLC bought a new stake in shares of ENI in the 4th quarter valued at approximately $35,000. Manchester Capital Management LLC boosted its stake in ENI by 56.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after buying an additional 437 shares in the last quarter. Advisory Services Network LLC acquired a new stake in ENI in the 3rd quarter valued at $47,000. Larson Financial Group LLC grew its position in 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 acquiring an additional 378 shares during the period. Finally, CIBC Private Wealth Group LLC acquired a new position in ENI during the third quarter worth $48,000. Institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

Shares of NYSE E opened at $56.55 on Monday. ENI has a 12 month low of $34.03 and a 12 month high of $58.00. The company has a market cap of $95.45 billion, a P/E ratio of 14.46, a P/E/G ratio of 0.25 and a beta of 0.39. The business’s 50 day moving average is $51.01 and its two-hundred day moving average is $51.39. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 0.42.

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, topping the consensus estimate of $1.66 by $0.10. The business had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $27.93 billion. ENI had a net margin of 6.51% and a return on equity of 11.27%. On average, equities analysts expect that ENI will post 5.76 EPS for the current year.

About ENI

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.