Eni SpA (NYSE:E) Receives $42.30 Consensus PT from Brokerages

Shares of Eni SpA (NYSE:E) have been assigned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $42.30.

A number of research firms have recently weighed in on E. Zacks Research downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings upgraded shares of ENI from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. Rothschild & Co Redburn upgraded ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Finally, Royal Bank Of Canada boosted their price target on ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th.

ENI Trading Down 0.2%

NYSE:E opened at $46.77 on Friday. The stock’s 50 day moving average price is $52.48 and its 200 day moving average price is $47.91. ENI has a 52 week low of $32.33 and a 52 week high of $58.00. The company has a market capitalization of $78.95 billion, a P/E ratio of 26.88, a P/E/G ratio of 0.25 and a beta of 0.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16.

ENI (NYSE:E) last issued its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. The firm had revenue of $23.22 billion for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. On average, research analysts forecast that ENI will post 5.63 EPS for the current fiscal year.

Hedge Funds Weigh In On ENI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in shares of ENI by 36.5% in the first quarter. Parallel Advisors LLC now owns 9,483 shares of the oil and gas exploration company’s stock valued at $537,000 after purchasing an additional 2,535 shares during the period. Optiver Holding B.V. bought a new stake in shares of ENI during the 1st quarter worth $6,586,000. Glenmede Trust Co. NA grew its stake in ENI by 5.5% in the 1st quarter. Glenmede Trust Co. NA now owns 13,493 shares of the oil and gas exploration company’s stock valued at $764,000 after buying an additional 707 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in ENI by 2.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,401 shares of the oil and gas exploration company’s stock worth $419,000 after acquiring an additional 210 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in ENI by 13.2% in the 1st quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock worth $25,698,000 after acquiring an additional 52,901 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

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.