Eni SpA (NYSE:E) Receives $34.60 Consensus PT from Brokerages

Shares of Eni SpA (NYSE:E) have been given an average recommendation of “Hold” by the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $34.60.

Several equities analysts recently commented on E shares. Hsbc Global Res cut ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. UBS Group raised ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd.

Institutional Investors Weigh In On ENI

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its holdings in shares of ENI by 2.1% in the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock worth $2,141,000 after purchasing an additional 1,420 shares in the last quarter. Advisors Asset Management Inc. lifted its position in ENI by 4.1% in the 1st quarter. Advisors Asset Management Inc. now owns 65,502 shares of the oil and gas exploration company’s stock worth $2,026,000 after buying an additional 2,586 shares during the last quarter. AQR Capital Management LLC boosted its stake in ENI by 3.4% in the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock worth $472,000 after buying an additional 495 shares in the last quarter. Gallacher Capital Management LLC grew its position in ENI by 3.0% during the second quarter. Gallacher Capital Management LLC now owns 17,936 shares of the oil and gas exploration company’s stock valued at $581,000 after acquiring an additional 522 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its stake in shares of ENI by 32.7% during the second quarter. Aaron Wealth Advisors LLC now owns 10,536 shares of the oil and gas exploration company’s stock worth $342,000 after acquiring an additional 2,596 shares in the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Price Performance

Shares of NYSE E opened at $37.82 on Friday. The stock has a fifty day moving average of $37.48 and a 200-day moving average of $35.54. The stock has a market cap of $66.25 billion, a PE ratio of 20.67 and a beta of 0.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. ENI has a fifty-two week low of $24.65 and a fifty-two week high of $39.41.

ENI (NYSE:E) last announced its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. ENI had a net margin of 3.20% and a return on equity of 8.53%. The firm had revenue of $24.11 billion for the quarter, compared to the consensus estimate of $19.88 billion. Equities research analysts anticipate that ENI will post 3.74 earnings per share for the current 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.