Royal Bank Of Canada Forecasts Strong Price Appreciation for ENI (NYSE:E) Stock

ENI (NYSE:E) had its price objective increased by Royal Bank Of Canada from $24.00 to $28.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “sector perform” rating on the oil and gas exploration company’s stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 50.56% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Barclays reaffirmed an “overweight” rating on shares of ENI in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Thursday, January 8th. Finally, Erste Group Bank raised ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.30.

ENI Price Performance

NYSE E traded up $1.32 during trading on Thursday, reaching $56.63. 198,015 shares of the company traded hands, compared to its average volume of 491,117. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.19. The stock’s 50 day moving average price is $48.41 and its two-hundred day moving average price is $41.02. The company has a market cap of $95.60 billion, a price-to-earnings ratio of 33.38, a P/E/G ratio of 0.28 and a beta of 0.44. ENI has a 1-year low of $25.27 and a 1-year high of $58.00.

ENI (NYSE:E) last released its quarterly earnings data on Saturday, February 14th. The oil and gas exploration company reported $0.02 earnings per share for the quarter. The company had revenue of $24.64 billion for the quarter. ENI had a return on equity of 9.27% and a net margin of 3.07%. As a group, analysts anticipate that ENI will post 3.74 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. DV Equities LLC bought a new position in shares of ENI in the fourth quarter valued at approximately $35,000. Manchester Capital Management LLC raised its stake in shares of ENI by 56.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after acquiring an additional 437 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of ENI in the third quarter valued at approximately $47,000. CIBC Private Wealth Group LLC bought a new position in shares of ENI in the third quarter valued at approximately $48,000. Finally, Global Retirement Partners LLC raised its stake in shares of ENI by 320.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,375 shares of the oil and gas exploration company’s stock valued at $52,000 after acquiring an additional 1,048 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

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.