Eni SpA (NYSE:E) Stock Has Average Target Price of $58.45 According to Brokerages

Shares of Eni SpA (NYSE:E) have been given an average rating of “Moderate Buy” by the eighteen analysts that are currently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $58.45.

A number of research analysts have recently commented on the stock. Berenberg Bank increased their target price on shares of ENI from $51.00 to $59.50 and gave the stock a “hold” rating in a report on Thursday, August 20th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of ENI in a research report on Tuesday, September 8th. BNP Paribas Exane cut ENI from an “outperform” rating to a “neutral” rating and set a $56.30 price objective on the stock. in a research note on Wednesday, October 7th. Zacks Research lowered ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 13th. Finally, UBS Group restated a “buy” rating on shares of ENI in a report on Tuesday, October 6th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. IFP Advisors Inc raised its stake in shares of ENI by 111.2% in the 2nd quarter. IFP Advisors Inc now owns 659 shares of the oil and gas exploration company’s stock valued at $31,000 after purchasing an additional 347 shares during the period. Fifth Third Bancorp boosted its position in shares of ENI by 33.4% during the 3rd quarter. Fifth Third Bancorp now owns 763 shares of the oil and gas exploration company’s stock worth $41,000 after purchasing an additional 191 shares in the last quarter. CoreCap Advisors LLC boosted its holdings in ENI by 8,235.3% during the third quarter. CoreCap Advisors LLC now owns 1,417 shares of the oil and gas exploration company’s stock worth $77,000 after purchasing an additional 1,400 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in shares of ENI in the first quarter worth about $85,000. Finally, Allworth Financial LP increased its stake in ENI by 79.4% in the third quarter. Allworth Financial LP now owns 2,962 shares of the oil and gas exploration company’s stock valued at $161,000 after acquiring an additional 1,311 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

Shares of E stock opened at $55.40 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.00 and a current ratio of 1.18. ENI has a 1 year low of $36.13 and a 1 year high of $62.16. The firm has a market cap of $93.51 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 0.18 and a beta of 0.41. The stock’s 50-day moving average is $56.37 and its two-hundred day moving average is $52.22.

ENI (NYSE:E) last issued its quarterly earnings results on Saturday, October 24th. The oil and gas exploration company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.26. ENI had a return on equity of 13.84% and a net margin of 8.78%. The business had revenue of $29.49 billion during the quarter, compared to the consensus estimate of $25.89 billion. Analysts predict that ENI will post 6.65 earnings per share for the current year.

ENI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Tuesday, November 24th will be issued a dividend of $0.6335 per share. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from ENI’s previous quarterly dividend of $0.6276. The ex-dividend date of this dividend is Tuesday, November 24th. ENI’s dividend payout ratio is presently 28.92%.

ENI Company Profile

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953 as Ente Nazionale Idrocarburi, it has developed from a state energy enterprise into an international business spanning multiple parts of the energy value chain.

The company explores for and produces oil and natural gas, and is active in natural gas supply, liquefied natural gas, refining and the marketing of energy products. Its businesses also include chemicals and power generation.

Eni operates in Italy and in countries across Europe, Africa, the Middle East, the Americas and Asia.