Eni SpA (NYSE:E) Receives Consensus Rating of “Moderate Buy” from Brokerages

Eni SpA (NYSE:EGet Free Report) has been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $42.30.

A number of research analysts have recently issued reports on E shares. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings cut shares of ENI from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 28th. BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company in a report on Friday, April 17th. Finally, Rothschild & Co Redburn upgraded ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th.

Get Our Latest Report on ENI

Institutional Investors Weigh In On ENI

A number of large investors have recently modified their holdings of the business. Natixis Advisors LLC raised its position in shares of ENI by 5.3% in the 4th quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company’s stock valued at $124,411,000 after purchasing an additional 165,454 shares during the last quarter. Morgan Stanley grew its position in ENI by 0.6% during the 4th quarter. Morgan Stanley now owns 3,019,566 shares of the oil and gas exploration company’s stock worth $114,562,000 after purchasing an additional 16,671 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in ENI by 2.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,353,911 shares of the oil and gas exploration company’s stock valued at $51,367,000 after purchasing an additional 38,688 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in ENI during the 1st quarter valued at approximately $63,334,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of ENI by 8.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 589,265 shares of the oil and gas exploration company’s stock worth $22,357,000 after buying an additional 44,588 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Price Performance

Shares of E stock opened at $51.03 on Thursday. ENI has a 1-year low of $33.54 and a 1-year high of $58.00. The stock’s 50-day moving average is $50.92 and its 200 day moving average is $49.01. The company has a market cap of $86.14 billion, a P/E ratio of 29.33, a PEG ratio of 0.27 and a beta of 0.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02.

ENI (NYSE:EGet Free Report) last announced its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. The business had revenue of $23.22 billion during the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. Research analysts predict that ENI will post 5.06 earnings per share for the current fiscal year.

ENI Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for ENI (NYSE:E)

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