ENI (NYSE:E) Price Target Raised to €15.40 at Morgan Stanley

ENI (NYSE:E – Get Rating) had its price target boosted by Morgan Stanley from €15.30 ($16.11) to €15.40 ($16.21) in a research note released on Wednesday, The Fly reports. Morgan Stanley currently has an equal weight rating on the oil and gas exploration company’s stock.

E has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of ENI from €14.70 ($15.47) to €14.90 ($15.68) and gave the stock a buy rating in a report on Wednesday, March 23rd. StockNews.com started coverage on shares of ENI in a report on Thursday, March 31st. They set a strong-buy rating for the company. HSBC upgraded shares of ENI from a hold rating to a buy rating in a report on Monday, March 21st. Royal Bank of Canada raised their price objective on shares of ENI from €14.00 ($14.74) to €14.50 ($15.26) in a report on Tuesday, May 3rd. Finally, AlphaValue upgraded shares of ENI to a reduce rating in a report on Wednesday, March 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of $31.23.

E opened at $28.50 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.11. The company’s 50-day moving average is $29.08 and its 200 day moving average is $29.02. ENI has a fifty-two week low of $21.91 and a fifty-two week high of $32.56. The firm has a market capitalization of $51.38 billion, a P/E ratio of 5.11, a PEG ratio of 0.43 and a beta of 0.90.

ENI (NYSE:E – Get Rating) last released its quarterly earnings results on Friday, April 29th. The oil and gas exploration company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.48. ENI had a net margin of 9.44% and a return on equity of 17.57%. The company had revenue of $33.79 billion for the quarter. On average, equities research analysts expect that ENI will post 6.43 earnings per share for the current year.

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 8th. Stockholders of record on Tuesday, May 24th will be given a $0.9356 dividend. This is a positive change from ENI’s previous semi-annual dividend of $0.72. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, May 23rd. ENI’s dividend payout ratio (DPR) is 25.45%.

A number of institutional investors have recently made changes to their positions in E. Clark Capital Management Group Inc. bought a new stake in ENI during the fourth quarter valued at approximately $25,814,000. Fisher Asset Management LLC lifted its position in ENI by 61.2% during the fourth quarter. Fisher Asset Management LLC now owns 1,576,235 shares of the oil and gas exploration company’s stock valued at $43,583,000 after purchasing an additional 598,297 shares during the last quarter. SG Americas Securities LLC lifted its position in ENI by 171.5% during the first quarter. SG Americas Securities LLC now owns 594,777 shares of the oil and gas exploration company’s stock valued at $17,397,000 after purchasing an additional 375,699 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in ENI by 18.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,185,838 shares of the oil and gas exploration company’s stock valued at $63,936,000 after purchasing an additional 344,808 shares during the last quarter. Finally, CI Investments Inc. lifted its position in ENI by 49.3% during the first quarter. CI Investments Inc. now owns 1,021,808 shares of the oil and gas exploration company’s stock valued at $29,888,000 after purchasing an additional 337,488 shares during the last quarter. Institutional investors and hedge funds own 1.23% of the company’s stock.

ENI Company Profile (Get Rating)

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and storage projects.

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