Eni S.p.A. (NYSE:E) Receives $31.60 Consensus PT from Analysts

Shares of Eni S.p.A. (NYSE:E) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $31.60.

A number of research firms recently weighed in on E. Morgan Stanley reissued an “equal weight” rating and set a $31.60 target price (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th.

ENI Stock Performance

Shares of E stock opened at $28.10 on Friday. The stock has a market cap of $47.43 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.82 and a beta of 0.93. The company has a fifty day moving average price of $27.96 and a two-hundred day moving average price of $30.00. ENI has a one year low of $26.12 and a one year high of $33.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07.

ENI (NYSE:E) last posted its quarterly earnings results on Friday, October 25th. The oil and gas exploration company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.03). The business had revenue of $23.10 billion for the quarter, compared to the consensus estimate of $23.40 billion. ENI had a return on equity of 11.03% and a net margin of 2.76%. As a group, equities analysts predict that ENI will post 3.76 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. R Squared Ltd acquired a new position in ENI in the fourth quarter valued at about $103,000. Blue Trust Inc. lifted its holdings in shares of ENI by 22.9% during the 4th quarter. Blue Trust Inc. now owns 23,445 shares of the oil and gas exploration company’s stock worth $711,000 after acquiring an additional 4,375 shares during the period. Ballentine Partners LLC acquired a new stake in shares of ENI during the 4th quarter worth approximately $235,000. Park Avenue Securities LLC bought a new position in ENI in the fourth quarter valued at approximately $216,000. Finally, JPMorgan Chase & Co. lifted its stake in ENI by 277.5% during the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock worth $939,000 after purchasing an additional 22,768 shares during the last quarter. 1.18% of the stock is owned by institutional investors.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.