Eni S.p.A. (NYSE:E) Receives Consensus Rating of “Moderate Buy” from Analysts

Eni S.p.A. (NYSE:E) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $39.60.

Several analysts have recently commented on the stock. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Redburn Atlantic raised ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Finally, BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th.

Hedge Funds Weigh In On ENI

Large investors have recently bought and sold shares of the business. Truist Financial Corp purchased a new stake in ENI in the 4th quarter worth $272,000. Private Advisor Group LLC increased its stake in shares of ENI by 3.5% during the fourth quarter. Private Advisor Group LLC now owns 13,852 shares of the oil and gas exploration company’s stock worth $471,000 after purchasing an additional 466 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of ENI by 25.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 174,445 shares of the oil and gas exploration company’s stock worth $5,933,000 after purchasing an additional 34,998 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in ENI by 5.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 9,101 shares of the oil and gas exploration company’s stock valued at $310,000 after buying an additional 439 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in ENI by 41.2% in the 4th quarter. US Bancorp DE now owns 56,555 shares of the oil and gas exploration company’s stock worth $1,923,000 after buying an additional 16,491 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Performance

Shares of E stock opened at $32.05 on Monday. The business has a fifty day moving average of $31.46 and a 200 day moving average of $31.54. ENI has a 1 year low of $28.82 and a 1 year high of $34.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09. The firm has a market capitalization of $54.10 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96.

ENI (NYSE:E) last announced its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.14). The firm had revenue of $24.82 billion during the quarter, compared to analysts’ expectations of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. As a group, research analysts expect that ENI will post 4.18 earnings per share for the current year.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.