Eni SpA (NYSE:E) Stock Has Consensus Target Price of $60.77

Shares of Eni SpA (NYSE:E) have been given an average rating of “Moderate Buy” by the thirteen analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $58.10.

Several research analysts have recently issued reports on E shares. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Erste Group Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Barclays restated an “overweight” rating on shares of ENI in a report on Monday. HSBC reiterated a “hold” rating on shares of ENI in a report on Friday, September 25th. Finally, UBS Group set a $90.00 price objective on shares of ENI in a report on Friday, September 25th.

ENI Stock Up 3.0%

Shares of E opened at $55.60 on Tuesday. The business’s fifty day moving average price is $54.85 and its two-hundred day moving average price is $53.39. The firm has a market capitalization of $93.86 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 0.21 and a beta of 0.44. ENI has a 52 week low of $34.03 and a 52 week high of $58.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.23.

ENI (NYSE:E) last released its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. ENI had a return on equity of 11.27% and a net margin of 6.51%.The company had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $27.93 billion. On average, analysts predict that ENI will post 6.41 earnings per share for the current year.

ENI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Investors of record on Tuesday, November 24th will be paid a $0.6335 dividend. This is a boost from ENI’s previous quarterly dividend of $0.6276. This represents a $2.53 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, November 24th. ENI’s dividend payout ratio (DPR) is 42.97%.

Hedge Funds Weigh In On ENI

A number of institutional investors have recently bought and sold shares of the business. Sei Investments Co. lifted its position in ENI by 1.7% during the first quarter. Sei Investments Co. now owns 12,011 shares of the oil and gas exploration company’s stock worth $680,000 after acquiring an additional 204 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 210 shares in the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of ENI by 2.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 11,071 shares of the oil and gas exploration company’s stock worth $627,000 after purchasing an additional 213 shares in the last quarter. Gallacher Capital Management LLC increased its holdings in ENI by 1.2% in the 1st 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 buying an additional 254 shares during the period. Finally, IFP Advisors Inc increased its stake in ENI by 111.2% in the second quarter. IFP Advisors Inc now owns 659 shares of the oil and gas exploration company’s stock valued at $31,000 after acquiring an additional 347 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Company Profile

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.