Brokerages Set Eni SpA (NYSE:E) Price Target at $34.60

Shares of Eni SpA (NYSE:E) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $34.60.

Several brokerages recently commented on E. Erste Group Bank raised shares of ENI to a “strong-buy” rating in a report on Wednesday, February 18th. UBS Group raised shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Wall Street Zen lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. cut ENI from an “overweight” rating to an “underweight” rating in a report on Friday, December 5th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Thursday, January 8th.

Institutional Investors Weigh In On ENI

Several institutional investors and hedge funds have recently added to or reduced their stakes in E. NewSquare Capital LLC raised its position in shares of ENI by 179.3% in the second quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 588 shares during the last quarter. DV Equities LLC purchased a new stake in ENI during the 4th quarter valued at about $35,000. MAI Capital Management raised its holdings in ENI by 2,488.4% in the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock valued at $36,000 after acquiring an additional 1,070 shares during the last quarter. Manchester Capital Management LLC lifted its stake in ENI by 56.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 437 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of ENI during the 3rd quarter worth approximately $47,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Price Performance

Shares of E opened at $44.53 on Monday. ENI has a 12 month low of $24.65 and a 12 month high of $44.72. The stock’s 50 day moving average is $40.15 and its two-hundred day moving average is $37.47. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 0.98.

About ENI

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.