Eni SpA (NYSE:E – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $46.15.
A number of equities analysts recently issued reports on E shares. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th. Erste Group Bank lowered ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Weiss Ratings cut ENI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th.
Institutional Trading of ENI
ENI Stock Up 0.4%
NYSE:E opened at $56.30 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. ENI has a twelve month low of $34.03 and a twelve month high of $58.00. The company has a market cap of $95.03 billion, a PE ratio of 14.40, a P/E/G ratio of 0.24 and a beta of 0.38. The company’s 50 day moving average is $52.81 and its two-hundred day moving average is $52.53.
ENI (NYSE:E – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The business had revenue of $25.87 billion during the quarter, compared to analysts’ expectations of $27.93 billion. Analysts anticipate that ENI will post 6.03 EPS for the current year.
ENI Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 22nd will be issued a $0.6276 dividend. This represents a $2.51 annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, September 22nd. ENI’s dividend payout ratio is 44.25%.
About ENI
Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Founded in 1953, the company operates across the energy value chain, including the exploration, development and production of oil and natural gas, as well as natural gas marketing and liquefied natural gas activities.
Eni also operates refining and chemicals businesses and has expanded into lower-carbon energy and related services. Through businesses such as Plenitude and Enilive, it provides renewable power, energy retail, electric-vehicle charging, mobility services, biofuels and other products designed to support the energy transition.
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